Jaiz Islamic Bank To Go National Before Year End

Jaiz Bank Plc, the pioneer non-Interest (Islamic) bank in Nigeria, has concluded plans to go national.

The Bank’s Manager in Kaduna Halilu Murtala said additional branches would soon open in Lagos, Ibadan, Ilorin and Port Harcourt.

He said: “This is in line with the Approval-in-Principle issued to the bank by the Central Bank of Nigeria (CBN) to go national. With this approval, we intend to have presence is the six geopolitical zones to start with.

“We have already finalised arrangements in fulfilment of CBN’s requirements towards going national. As soon as the CBN gives its node, we will open in these locations for full banking. Our plan is to add at least ten more branches spread across the country before the end of this year.”

Jaiz Bank began operations in 2012, with only three branches in Abuja, Kano and Kaduna. As at the end of last year, the Bank increased its branch network to 19. He commented that the bank is ready to bring its specialized banking close to the door steps of Nigerians, Christians, Muslims, etc.

“We have SMEs and Retail products designed for critical segment of the society. Our philosophy is to better the life of all, irrespective of their tribal or religious background,” he said