Jaiz Bank wins Global Most Promising Islamic Bank award

Lagos, Sept. 23, 2024 – Jaiz Bank, Nigeria’s pioneer non-interest bank, has emerged the Global Most Promising Islamic Bank in 2024.

According to a statement by the bank, the Global Islamic Finance Awards (GIFA) announced the award on Friday.

It said Jaiz Bank emerged the overall winner in this category over 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, Prof. 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 said Jaiz Bank was recognised for reinforcing its leadership position as a financial institution that stood out in terms of exceptional growth potential, innovation, and financial performance.

Receiving the Award, the Chief Executive of Jaiz Bank Plc, Haruna Musa, expressed the gratitude 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 realising 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.

Musa recalled that Jaiz Bank also won GIFA’s Most Improved Islamic Bank Award in 2020 and 2021 respectively.

The Global Islamic Finance Awards is renowned for its prestigious accolade in the Islamic finance industry, highlighting excellence and innovation across the sector globally.   (GBN)