Current Account (Qard)
Jaiz Bank accepts deposits into Current Account (Qard) for customers based on the principle of Qard Hassan. The amount given to the bank exclusively is on Qard, also to know it is a non-interest loan, with the condition that the deposit is returned to the depositor on demand. The depositor is not entitled to any gain or return on the principal.
Savings account (Mudarabah)
Jaiz Savings Account is operated based on the principle of Mudarabah (Partnership). It is a form of a partnership where one party provides capital and the other provides expertise. Both parties share in the profits or losses. Jaiz Savings Account holders are not charged on withdrawals and are entitled to earn profit on their savings. It is a Sharia compliant and commercially viable business venture. Customers enjoy free withdrawals and are not charged on withdrawals. Gain profit made from the investment is distributed at the end of every month based on pre-agreed profit sharing ratio between the Bank and Customer.
Jaiz Kids Account (Mudarabah)
Saving an account for your child is a smart move. Jaiz Bank is here to help you teach your children the importance of saving early. It will help them develop financial responsibility and life skills. Jaiz Kids Account is an investment account which aims to invest for a child by the parents/guardians who will earn a profit on their savings. The account is based on the principle of Mudarabah (Partnership). The account allows parents to save for their children's future while teaching them about ethical finance. The account is designed to encourage children to save and manage their money responsibly. The account is Sharia compliant and offers competitive profit rates.
Jaiz Term Deposit (JTD) Account (Mudarabah)
Jaiz Term Deposit (JTD) Account is a fixed deposit account that allows customers to invest their funds for a specific period and earn profit. It is a Sharia compliant investment account based on the principle of Mudarabah (Partnership). Customers can choose from various tenors (e.g., 3 months, 6 months, 1 year, 2 years, etc.) and earn competitive profit rates. The profit is distributed at the end of every month based on pre-agreed profit sharing ratio between the Bank and Customer. The account is designed to help customers grow their wealth ethically and responsibly. It is a secure and flexible investment option for individuals and businesses.
Domiciliary Account
This is an account that allows you to save and transact in foreign currencies (US Dollar, Pound Sterling or Euro). It is ideal for international business and travel.
e-Channels
Internet Banking
NQR code
Verve card (Naira)
Master Card (Naira)
Jaiz Mobile Plus
*777# Banking (USSD banking
Platinum Master Card (USD)
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