13+
Years Serving Individuals, Corporates & Government
1st
Islamic Bank in the World to Break Even in 3 Years
+720%
From ₦30 Billion in 2012 to ₦249 Billion in 2022
2x
Most Improved Islamic Banking Award - 2020 & 2021


Jaiz Bank Plc, the pioneer Non-Interest Bank in Nigeria has been providing ethical services to individuals, corporate and government entities since 2012 with the mission of Making Life Better Through Ethical Finance. Since it commenced operations in 2012, the Nation’s premier Non-Interest Bank has maintained its leadership role by deepening this alternative model of financing, thus providing the foundation for its expansion, and providing the needed ethical funding for infrastructural development in the country.
Over the years, the Bank has won notable international and local accolades among which are the Most Improved Islamic Banking awards in 2020 and 2021, respectively, from the Global Islamic Finance Awards (GIFA).
It maintains a record of being the first Shariah Compliant Bank in the world to break even within the first three years of operations, even when there were no Islamic banking and finance instruments to invest in the country.

Jaiz Bank's core values are built on the acronym ‘ETHICAL’— Excellence, Teamwork, Honesty, Integrity, Customer- Centric, Accountability, and Loyalty. These core values underpins what the staff will live by, to achieve the vision of being the clear leader in ethical banking in Africa.
Jaiz Bank is publicly quoted on the Nigerian Exchange Group (NGX), with a balance sheet size of N1,080 Trillion (as of December 31st, 2024), compared to N12 billion in 2012. Financing and Investment assets also grew from over N30 Billion in 2012 to N671 billion as of December 31st, 2024. Other critical parameters such as customer deposits, branch network, and profitability have all been growing year-on-year since inception.

About Islamic Banking
Non-Interest Banking is a growing global phenomenon practised in nearly 80 countries across the world including the United Kingdom, Canada, the United States of America, the United Arab Emirates, Malaysia, China, Singapore, South Africa, Kenya etc. Global Banks like HSBC, Citibank, Barclays Bank, Standard Chartered etc. are also offering non-interest banking products and services.
It is an alternative financial service offering that is open to all, irrespective of race or religion. It is based on the ethical principles of fairness, transparency and objectivity.
Non-Interest Banking offers almost all the services of conventional banks. The difference is that Islamic Banks do not give or receive interest, nor finance anything that is harmful to the society like alcohol, tobacco, gambling etc.
They also avoid gharar- speculation, extreme uncertainty and deception. A significant portion of Nigerian population is desirous of ethical banking services which Non-Interest Banking is poised to deliver. In a nutshell, Non-Interest Banking is real-economy oriented where profit and loss sharing arrangement, mark-up, leasing and partnership are mostly the mode of financing.
The Potential for Non-Interest Bank in Nigeria
The business potential for a Non-Interest Bank in Nigeria are enormous as such an institution has long been awaited by a large population of Nigerians from all parts of the country. Jaiz Bank's strategic business focus is mainly on retail banking, the Bank nevertheless offers corporate and commercial banking services. The Bank's retail focus will enable it to service the majority of Nigerians who wish to do away with Riba (Usury) in their daily activities.

What the Bank will be
100% Shari'ah compliant
Highly ethical, with best practice corporate governance and sound risk management framework.
Proactive and innovative towards customer's needs
Best-practice operations and functional framework
Customer-Centric
Socially responsible
Fair to all Stakeholders
Ideal business partner

What the Bank will not be
Religious bias
Offer all things to all people
Mediocre performer
Imitate other banks
Sacrifice Shari'ah principles for profit

Business Solutions