Jaiz Bank Plc, the premier non-interest (Islamic) bank in Nigeria has reported Profit Before Tax growth of 33.63 percent in the first quarter of 2020 (636.7million), when compared to what was realized in the corresponding period of 2019 (N476.5 million). Key excerpts from its report and accounts for the period ended March 31, 2020, the
Jaiz Bank Plc, the premier non-interest (Islamic) Bank in Nigeria has released its 2019 Audited results for the period ended December 31st, 2019, declaring a Profit After Tax (PAT) of N2.4bn. This represents a massive leap of 193% from N834.4m realized in the corresponding period of 2018. In the report submitted to the Nigerian Stock
Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the nation's economy amidst Covid-19 pandemic. The stated in a statement that the foreign exchange transanctions is also available to parents to pay their children's school
The management of Jaiz Bank Plc led by the Managing Director/CEO Hassan Usman yesterday visited Governor Babagana Umara Zulum in Maiduguri to commiserate with him over the resurgent attacks in Borno State. During the visit, the MD presented relief materials, comprising of food and non-food items to the Governor for distribution to victims of the
Jaiz Bank Plc, the premier non-interest (Islamic) Bank in Nigeria has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange (NSE), signifying 114% growth when compared with the N834.36 million recorded at the end of 2018. Key extracts of the report showed that
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
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