Jaiz Bank Kingsway Building Marina Lagos Branch Lagos

 No. 2/4 Davies Street, Kingsway Building, Beside Eco Bank, Marina, Lagos

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+234 708 063 5500

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Jaiz Bank Kingsway Building Marina Lagos Branch Lagos Details

Address:  No. 2/4 Davies Street, Kingsway Building, Beside Eco Bank, Marina, Lagos

Helpline/Phone Number:  +234 708 063 5500/ +234 708 063 5585

Email: info@jaizbankplc.com/ customercare@jaizbankplc.com

Timing:  Mon – Fri / 8:00 AM – 4:00 PM

SWIFT/Sort Code: JAIZNGLA

Jaiz Bank Website: https://jaizbankplc.com/

About Jaiz Bank

Jaiz Bank PLC – the premier Non-Interest Bank in Nigeria commenced operations on the 6th of January, 2012 on a foundation of trust, professionalism and excellence to deliver innovative financial solutions and exceptional customer experience.

The Bank started with a Regional License obtained from the Central Bank of Nigeria to operate in the Northern part of the country and its transformation to a National Bank on the 12th of May 2016 with key presence in virtually all the geopolitical zones of the country.

The Bank’s core values are built on 7 principles with the acronym RESPECT; Responsibility, Entrepreneurship, Simplicity, Partnership, Excellence, Customer Focus and Trust. These core values are the guiding force that empowers the Bank to project towards its vision to be the clear leader in ethical Banking in Sub-Saharan Africa.

Jaiz Bank is a publicly quoted company of the Nigerian Stock Exchange (NSE) with a balance sheet size of N167 billion (as at December 31st 2019) from N12 billion in 2012. Financing and Investment assets also grew from over N30 billion in 2012 to N107.7billion (as at December 31st 2019). Other critical parameters such as customer deposits, branch network and profitability have all been growing year – on – year since inception.

About Islamic Banking

Non-Interest Banking is a profitable growing global phenomenon practiced in nearly 70 countries across the world including the United Kingdom, Canada, the United States of America, the United Arab Emirate, Malaysia, China, Singapore, South Africa, Kenya etc. Global Banks like HSBC, Citibank, Barclays Bank etc. are also offering non-interest banking products and service. It is an alternative financial service offering which is open to all irrespective of race or religion. It is based on the ethical principles of fairness, transparency and objectivity. Non-Interest Banking offers almost all the services of conventional banks.

Non-Interest Banking is a profitable growing global phenomenon practiced in nearly 70 countries across the world including the United Kingdom, Canada, the United States of America, the United Arab Emirate, Malaysia, China, Singapore, South Africa, Kenya etc. Global Banks like HSBC, Citibank, Barclays Bank etc. are also offering non-interest banking products and service. It is an alternative financial service offering which is open to all irrespective of race or religion. It is based on the ethical principles of fairness, transparency and objectivity. Non-Interest Banking offers almost all the services of conventional banks.

The difference is that non-interest Islamic Banks do not give or receive interest, nor finance anything that is harmful to society like alcohol, tobacco, gambling etc. They also avoid gharar- speculation, extreme uncertainty and deception.

Currently, about 50% of Nigeria’s total population are a captive market for such Non-Interest banking services. These people are desirous of ethical banking services which provide for socially responsible investment outlets. In a nutshell, Non-Interest Banking is real-economy oriented and profit and loss sharing arrangement where the mode of financing is mostly on mark-up, leasing and partnership basis.

The Potential for Non- Interest Bank in Nigeria

The business potential for a Non-Interest Bank in Nigeria are enormous as such an institution has long been awaited by a large population of Nigerians from all parts of the country. Jaiz Bank’s strategic business focus is mainly on retail banking, the Bank nevertheless offers corporate and commercial banking services. The Bank’s retail focus will enable it to service the majority of Nigerians who wish to do away with Riba (Usury) in their daily activities.

What the Bank will be

  • 100% Shari’ah compliant
  • Highly ethical, with best practice corporate governance and sound risk management framework.
  • Proactive and innovative towards customer’s needs
  • Best-practice operations and functional framework
  • Customer-Centric
  • Socially responsible
  • Fair to all Stakeholders
  • Ideal business partner

What the Bank will not be

  • Religious bias
  • Offer all things to all people
  • Mediocre performer
  • Imitate other banks
  • Sacrifice Shari’ah principles for profit

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