Northern Nigerian Breaking News

Jaiz Bank pledges sustainable investment opportunity for SMEs

A leading non-interest financial institution in Nigeria, Jaiz Bank Plc, has assured of its core corporate mandate in providing sustainable investment opportunity for Small and Medium Scale Enterprise SME’s in Nigeria.

Besides, the pioneer Islamic Financial Institution in the country pledged to deepen mutual business relationship and support with Pharmaceutical marketers in Kano , other corporate bodies and associations to grow their profit margin.

SOLACEBASE reports that Chairman, board of directors of the bank, Alhaji Muhammad Mustapha Bintube made the pledge when he led the board and members of the management team on courtesy visit to Emir of Kano, Alhaji Aminu Ado Bayero, on Wednesday.

Bintube who intimated the Emir on the tremendous achievements in the volume of business transaction and the turn over in it’s dividends and balance sheet over the years, applauded the royal support and blessings the palace has shown the financial institution over the years.

Alh. Bintube told the Emir that the board and the management of Jaiz was at the palace to intimate the emir on the 11th Annual General Meeting (AGM) scheduled to hold Thursday 27th of July, in Kano.

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The managing director of the bank, Dr. Sirajo Salisu who went down history lane on the humble beginning of Jaiz disclosed that the bank secured licensed in 2011 and commenced operations in subsequent year with only 3 branches and at present can now boost of over 40 branches across the country.


Dr. Salisu hinted that with six branches spread across the ancient city, Kano has the largest customer based with high volume of transactions, a development which inform the hosting of the 11th AGM in Kano.

On his part, Emir of Kano, Alh. Aminu Ado Bayero while receiving the top management emphasized the impact of Islamic banking system in the economic development across the globe.

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The first class Monarch explained non-interest banking system which is practiced globally including Nigeria has provided sustainable opportunity to fiscal growth and economic development.

The emir applauded the management of Jaiz Bank for pioneering Islamic banking in Nigeria, thereby providing alternative to the conventional system with the introduction of Islamic products for Muslims and other interested individuals.

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The board and management of the bank  also paid similar courtesy visit to business mogul, Alh. Aminu Alhassan Dantata while seeking his continue support to widen it’s customers base in Kano. Alh. Dantata also commended the bank management for their frantic efforts to promote Islamic banking and contributing to the economic development of the country.

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