SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
+234 708 063 5500 | +234 708 063 5555
  • About Us
  • Press Release
  • Investor Relations
  • Kids Can Code Program
  • Blog

Jaiz Bank Plc

  • Home
  • About Jaiz
    • About Us
    • Our Vision & Mission
    • Our Core Values
    • Vision and Values
    • Islamic Banking
    • Board Of Directors
    • Advisory Committee Of Experts
    • Management Team
  • Product & Services
    • Personal Banking
      • Current Account (Qard)
      • Savings account (Mudarabah)
      • Jaiz Premium Savings Account (JAPSA)
      • Jaiz Kids Account (Mudarabah)
      • Jaiz Auto Finance (Murabaha)
      • Jaiz Household Appliances Finance (Murabaha)
      • Jaiz General Consumer Finance (Murabaha)
      • Jaiz Home Finance (Ijara wa Iqtina)
      • Ijara Service
      • Agent Banking
    • Corporate Banking
      • Jaiz Wakala Investment
      • Bonds and Guarantee (Wakala/Kafala)
      • Equity-based Finance (Musharaka)
      • Jaiz Ijara Service Corporate
      • Lease to Own (Ijara wa Iqtina Corporate) Finance
      • Project Financing/Construction (Istisna’)
      • Working Capital Financing (Murabaha)
    • Trade Finance
      • Import Finance (Murabaha)
      • Export Finance (Murabaha)
  • eBusiness
    • JaizOnline
    • JaizMobile
    • Point Of Sale (POS)
    • JaizPay
    • Jaiz Just Top-Up
    • Automated Teller Machines (ATMs)
    • Jaiz Notification System (Jaiz Alert)
    • MasterCard
    • Verve Cards
  • Investor Relations
    • Annual Report and Accounts
    • Unaudited Account
    • Audited Report
    • Rights Issue
    • Proxy form
    • Notice of Annual General Meeting
    • Others
    • Impact of COVID-19 to our Business Operations
  • Media/Publications
    • Gallery
    • Press Release
    • Download
  • Contact Us
    • Corporate Contact
    • Branch Locator
    • ATM Locator
    • Agency Banking Network Locator
    • FAQ
    • Whistle Blower
    • Communication Policy
    • Privacy Policy
  • Complaints & Enquiries
iBanking

JAIZ BANK WINS MOST IMPROVED ISLAMIC BANK AWARD

by Jaiz Bank / Tuesday, 22 September 2020 / Published in Press Release
Jaiz bank - Global Islamic Finance Award, Most Improved Islamic Bank 2020

Jaiz Bank Plc, Nigeria’s premier non-interest bank has been awarded as the Most Improved Islamic Bank 2020 in the world by the Global Islamic Finance Awards (GIFA).

The Global Islamic Finance Awards (GIFA) are one of the most prestigious awards in Islamic banking and finance. Other prestigious awards are Islamic Development Bank Prize in Islamic Banking and Finance (also known as ‘IDB Prize’) and The Royal Award for Islamic Finance, founded by the government of Malaysia.

In a congratulatory letter to Hassan Usman, Managing Director/CE of Jaiz Bank, Professor Humayon Dar, the Chairman of GIFA, said the award Committee picked Jaiz Bank as the best out of three organisations considered and “after long deliberations decided in favour of Jaiz Bank based on a number of factors included in the GIFA Methodology. Please accept our heartiest congratulations on this huge achievement and accolade.”

The GIFA methodology – on which the awards are based and winners selected – is the most detailed approach to screen only the best of the best in their respective award categories.

Basically, there are three factors considered in the selection of a winner. These include;

Social Responsibility: An organisation is considered socially responsible if it makes continuing efforts to behave ethically and contribute to economic development while improving the quality of life of its employees and the local community and society at large.

Shari’a Authenticity: An organisation is considered Shari’a authentic if it commits itself to the Shari’a Standards issued by an independent body like the Accounting and Auditing Organisation for Islamic Finance Institutions (AAOIFI) or a national body set up to issue Shari’a guidelines.

Commitment to Islamic Banking and Finance: The selection criteria allocates a maximum points to full-fledged stand-alone Islamic banks and financial institutions According to the Awards Committee, Jaiz Bank was able to meet all the above factors, hence the basis for its selection as the winner.

In his response, the Managing Director/CE of Jaiz Bank Hassan Usman thanked GIFA for choosing the bank as the Most Improved Islamic Bank in the world.

He said: “We are pleased that the world watches and appreciates our modest contributions to the development of Islamic Finance. This award is dedicated to our creator, in whose Grace all things are perfected. We are deeply appreciative of the contributions of our loyal customers, dedicated staff and committed shareholders.’’

About Jaiz Bank

What you can read next

JAIZ FORECASTS N316M 2ND QTR PROFIT
JAIZ BANK DECLARES N1.25BN PROFIT AFTER TAX
JAIZ BANK POSTS N540M H1 PROFIT

Search

Recent Posts

  • Abridged 31st December 2020 final

    JAIZ BANK POSTS MORE THAN 45% INCREASE IN ANNUAL PROFIT

    Jaiz Bank Plc, the premier Non-Interest Bank in...
  • NIFIAN ELECTS JAIZ BANK’S MD HASSAN USMAN AS FIRST PRESIDENT

    NIFIAN ELECTS JAIZ BANK’S MD HASSAN USMAN AS FIRST PRESIDENT, Inaugurates pioneer EXCO members

    The Non-Interest Financial Institutions Associa...
  • Golden Rules

    Three Financial Golden Rules

    With the pandemic we experienced this year, we ...
  • Jaiz Bank Executives at the Extraordinary General Meeting

    JAIZ BANK GROWS THIRD QUARTER PROFITS BY 48%

    Jaiz Bank Plc, Nigeria’s premier non-interest b...
  • Some Directors of the Bank

    JAIZ BANK APPOINTS THREE NEW DIRECTORS

    Jaiz Bank Plc, the premier non-interest bank in...

Helpful Links

  • Online Account Opening
  • Account Opening Form
  • Jaiz Kids Savings Account
  • Jaiz Auto Ijara
  • Jaiz Premium Savings Account
  • Jaiz Salary Current Account
  • Jaiz Domiciliary Account
  • Jaiz Investment Account

About Jaiz Bank PLC

Jaiz Bank PLC is a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria.The Bank’s balance sheet has grown from N12 billion in 2012 to about N62 billion, with asset financing of over N30 billion.

Relevant Links

  • About Jaiz Bank
  • Our Core Values
  • Board of Directors
  • Our Vision And Mission
  • Management Team
  • Gallery
  • Press Release
  • Blog

Our Products

  • Online Account Opening
  • Account Opening Form
  • Jaiz Kids Savings Account
  • Jaiz Auto Ijara
  • Jaiz Premium Savings Account
  • Jaiz Salary Current Account
  • Jaiz Domiciliary Account
  • Jaiz Investment Account

Get in Touch

  • Online Account Opening
  • Branch Locator
  • Contact Us
  • Careers
  • Download
  • FAQ
  • Whistle Blower
  • Privacy Policy

Contact Information

  • Address: 73,Ralph Shodeinde Street, Kano House, Central Business Area, Abuja.
  • Phone: +234 708 063 5500 | +234 708 063 5555
  • Working Days/Hours: Mon - Fri / 8:00 AM - 4:00 PM

Twitter Tweets

Like Us On Facebook

© 2019 Jaiz Bank Plc. All Rights Reserved.

TOP
This website uses cookies to provide the most relevant information to you. By continuing to browse the website, you are agreeing to use our site cookies. Read our policy.
ACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.