Barbara Bako, Abuja.
Jaiz Bank, the First Non-Interest bank in Nigeria has been named the Most Promising Islamic Bank in the World for 2024.
Jaiz Bank was named the overall winner in this category by the Global Islamic Finance Awards (GIFA) on Saturday, defeating two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) and awards ceremony in the picturesque Republic of Maldives.
GIFA’s Chairman, Professor Humayon Dar, said “The GIFA awards committee evaluated several institutions within the same category and, after a rigorous assessment based on multiple factors outlined in the
GIFA methodology, selected Jaiz Bank Plc for this distinguished recognition.”
He also asserted that the Bank was recognised for reinforcing its
leadership position as a financial institution that stands out in terms of
exceptional growth potential, innovation, and financial performance.
Receiving the Award, The Managing Director/CEO of Jaiz Bank Plc, Haruna Musa (Ph.D,) expressed his gratitude on behalf of the Board, Management, and Staff of the Bank.
He also acknowledged the significance of the award, remarking that “it is a vital milestone in realizing the Bank’s strategic vision, emphasizing that the recognition aligns with Jaiz Bank’s goal of becoming one of Africa’s leading non-interest financial institutions within the next five years.
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The MD/CEO recalled that the Bank had won GIFA’s Most Improved
Islamic Bank Award in 2020 and 2021 respectively.
Meanwhile, the Global Islamic Finance Awards is famous for having the
most prestigious accolade in the Islamic finance industry, highlighting
excellence and innovation across the sector globally.
