Jaiz Bank, an Islamic and non-interest financial institution, is expected to achieve a N70 billion capital base by the end of this year, announced its Chairman, Mustapha Bintube, on Sunday.
This milestone was shared during a send-off ceremony for 11 retired board members, including the pioneer chairman, Alhaji Umar Abdul Mutallab, in Abuja.
Starting with just three branches in Abuja, Kaduna, and Kano, Jaiz Bank has grown to 50 branches and aims to reach 60 soon.
Bintube also revealed the bank’s ambition to establish branches globally, having begun in 2012 with an initial capital of N6 billion.
Former chairman Dr. Mutallab expressed pride in Jaiz Bank’s achievements as Nigeria’s first non-interest Islamic bank.
He thanked key supporters like the Islamic Development Bank, Alhaji Aliko Dangote, and Dr. Sanusi Lamido Sanusi for their crucial roles in the bank’s establishment and growth.
Source: Daily Trust