Jaiz Premium Savings Account


At Jaiz Bank, building your wealth ethically is always a priority. Jaiz Bank's JAPSA Term Deposit is an innovative product designed specially to meet your investment needs. Our Term Deposit offers you the option of higher profit rates at tenures which suit your needs. Account holders are considered as investors while the bank acts as the fund manager and invests the depositors’ monies into financially-profitable, socially-desirable and commercially-viable business ventures which are legal and Shariah compliant. Gross profit made from the investment is distributed at the end of every tenure based on a pre-agreed profit sharing ratio.


  • Opening balance of N500,000
  • Attractive returns
  • Investment period (tenor) is a minimum of 30 days and a maximum of 360 days.
  • Investment Certificate is issued for each investment.
  • Non checking account.


(For new customers)

  • Duly completed account opening form
  • Two (2) recent passport-sized photographs
  • Valid means of identification: National ID card, International Passport, Voter's Card, Driver's License or NIN Slip.
  • Public utility receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill etc.)
  • BVN
  • Birth certificate (if the account is for a minor)

(For Existing Customers)

  • A letter (duly signed by the account signatory(ies)) requesting the creation of JAPSA for a specific tenure.

Related Pages

Current Account (Qard)

Jaiz Bank accepts deposit into Current Account from its customers based on the principle of Qard (Demand loan). The customer gives the bank...

Savings account (Mudarabah)

Jaiz Savings Account is operated based on the principle of Mudaraba (Partnership). The account allows...

Household Appliances Finance (Murabaha)

This is a consumer product that enables customers to acquire household appliances ranging from...

Home Finance (Ijara wa Iqtina)

This is a product that enables the customer to own a house. Under Jaiz Home Finance, the Bank partners…