Jaiz Bank Increases Branches To 10

Jaiz Bank plc, the first full-fledged non-interest bank in Nigeria has increased its branch network to ten, with the commissioning of its Katsina branch recently by the state governor, Alhaji Ibrahim Shehu Shema, a statement from the bank said.

The bank commenced operations with three branches in Abuja, Kaduna and Kano states on January 6, 2012, after it received licence from the Central Bank of Nigeria on November 11, 2011, to operate as a non-interest bank.

The bank now has branches in Gombe, Maiduguri, Katsina, and two branches in Kano. The bank has also added two branches in Abuja, the Federal Capital Territory. The branches are located at the National Assembly and Wuse District.

Commissioning the bank yesterday, the governor promised to identify and support the operations of the bank stated, and stated, Katsina State Government is ready to partner with and support Jaiz bank and other financial institutions that are ready to invest in the real sector of the economy, to enable the state achieve greater economic prosperity

“Today, we extend our unique hospitality to Jaiz Bank, as we say welcome to Katsina. There is no doubt that the people of Katsina and many other parts of Nigeria have been agitating for a financial service provider that operates based on rules of commerce and trade, in accordance with Sharia Principles.”

The chairman, board of directors of Jaiz Bank, Alhaji Umaru Mutallab thanked the governor and people of Katsina for their hospitality and promised to help develop the real sector of the economy of the state.

He said: “Our vision is to be the dominant non-interest financial service provider in sub Saharan Africa. We intend to achieve this by providing innovative, value-added, non-interest financial services to our clientele by employing the best people, supported by technology.”

He said there were plans to open additional branches in Bauchi, Zamfara, Sokoto, Kebbi and Jigawa states and to open additional branches at the Bayero University Kano, Federal Secretariat Abuja and Zaria,before the end of year 2013.