Jaiz Bank Plc., the premier non-interest bank in Nigeria has been assigned positive rating by the Islamic International Rating Agency (IIRA). This is the first rating for the Bank as the first Sharia compliant bank in the country. The Bank gets an investment grade rating of BBB (Triple B) for the medium to long-term and
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding up the year positively by posting impressive nine months results. Key extracts of the nine-month report for the period ended September 30, 2019 released to the Nigerian Stock Exchange (NSE) showed that total income rose by 49.2 %, while
The Managing Director of Jaiz Bank, the pioneer Non-Interest bank, Mallam Hassan Usman has said the bank’s humble beginning with N3.5billion deposit base in 2012 has grown to N60 billion in 2017. He also said that with a share capital of N5 billion in 2012, the bank has further grown it to N15 billion in
Jaiz Bank Plc projects to deliver a Profit Before Tax of N316.281 million for the second quarter of this year as against N203.679 million realized in the first quarter. The Bank also forecasts a total income of N2.4 billion within the period under review compared to N1.4 billion realized in the first three months of
Jaiz Bank Plc recorded a well-rounded performance in the first quarter as Nigeria’s first non-interest commercial bank reported top-line growth of 24 per cent and profit increase of 176 per cent in its first report as a quoted company. Key extracts of the interim report and accounts of Jaiz Bank for the period ended March
Jaiz Bank Plc and Kogi State government have agreed to partner in empowering women, traders and artisans in the state. This was discussed yesterday when the management team of Jaiz Bank Plc, led by its Managing Director/CEO Hassan Usman paid a courtesy call to Governor Yahaya Bello at the government House in Lokoja. Governor Yahaya,
Jaiz Bank Plc has posted a profit of N540.212 million in the first half of the year as against N152.673 million realized in the corresponding period of 2016, showing an impressive growth of 254%. The unaudited report submitted to the Nigerian Stock Exchange shows that the bank grew its total assets to N80.662 billion in
Shares of Jaiz Bank Plc have been Listed on the floor of the Nigerian Stock Exchange (NSE) and trading on them commenced Thursday. The Bank’s Chairman Alhaji (Dr.) Umaru Abdul Mutallab officially rang the NSE’s bell to open the 29,464,249,300 Ordinary Shares to the public. He was supported by its Managing Director/CEO Hassan Usman and
