Jaiz Bank PLC
NNSENG:JAIZBANK7.75
NGN
-0.05
(-0.64%)
ISIN
NGJAIZBANK05
Return %
Stock
S&P 500
1Y
80.23
14.20
3Y
393.63
81.12
5Y
1,337.89
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Haruna Musa
- Full Time Employees
- 987
- Sector
- Finance
- Industry
- Major banks
- Address
- Abuja Nigeria
- IPO Date
- Feb 9, 2017
- Website
- jaizbankplc.com
- Similar Companies
- Business
- Jaiz Bank PLC is a premier non-interest financial institution in Nigeria that provides full-fledged Shariah-compliant retail, commercial, corporate, and treasury banking services to individuals, small and medium enterprises, corporations, and public sector entities. Founded in 2003 and commencing operations in 2012, the bank is headquartered in Abuja, Nigeria, and operates through an extensive branch network across Nigeria alongside digital and agency banking channels. The bank operates through four primary business segments: Retail Banking, Corporate and Commercial Banking, Treasury and Financial Markets, and Agricultural and SME Finance. Its core products and services include deposit and savings solutions such as non-interest current accounts, profit-sharing Mudarabah savings and term deposit accounts, Hajj and Umrah pilgrimage savings plans, and foreign currency domiciliary accounts; retail and consumer financing facilities comprising residential mortgage financing, auto Ijara lease-to-own arrangements, personal finance, and salary advance facilities; corporate and commercial financing structured under Islamic contractual modes, including Murabaha cost-plus financing for working capital and inventory acquisition, Ijara asset and equipment leasing, Istisna manufacturing and construction financing, Salam agricultural forward-sale financing, and Musharaka and Mudarabah partnership equity arrangements; trade services and financial guarantees such as documentary letters of credit, bills for collection, Kafalah performance and advance payment guarantees, and Shariah-compliant foreign exchange transactions; treasury and liquidity management solutions comprising sovereign and corporate Sukuk investments, liquidity placement notes, and Shariah-compliant interbank money market instruments; and digital payment solutions encompassing internet banking platforms, the JaizMobile banking application, USSD banking, automated teller machines, point-of-sale terminals, contactless debit cards, and the Jaiz Agent banking network. In recent operational developments, Jaiz Bank PLC has implemented major recapitalization initiatives, including rights issues and private placements, to bolster its capital base in alignment with the Central Bank of Nigeria's revised regulatory capital requirements for commercial banks. The institution has also advanced its digital transformation roadmap by upgrading its core banking and mobile platforms, expanding its agent banking footprint to accelerate financial inclusion in underserved regions, and strengthening strategic partnerships with multilateral development organizations, including the Islamic Development Bank and the Islamic Corporation for the Development of the Private Sector, to provide concessionary financing lines for Nigerian small and medium-scale enterprises.