Jaiz Bank Plc is the first and most popular Non-Interest Bank in Nigeria. Jaiz bank was established on the 11th of November, 2011. Its funding beliefs include trust, professionalism and excellence to deliver innovative financial solutions and exceptional customer experience to Nigerians. Jaiz bank was granted regional license by the Central Bank of Nigeria wherein the bank was allowed to operate in the Northern part of the country. On the 12th of May, 2016. Jaiz bank was transformed to a national bank, now with key presence in all the geopolitical zones of the country.
Jaiz bank’s core value are entrenched on 7 principles which are put together in an acronym called RESPECT. RESPECT stands for Responsibility, Entrepreneurship, Simplicity, Excellence, Customer Focus and Trust. The bank set these principles as a guiding rule to steer it towards its goal of becoming a leading bank in ethics in Sub-Saharan Africa.
As of today, Jaiz bank is a quoted public company trading on the floor of the Nigerian Stock Exchange (NSE). As of September 31st, 2019, Jaiz bank had a balance sheet size of N152 billion from N12 billion in 2012. Its financing assets also grew from over N30 billion in 2012 to N138.84 billion in September 31, 2019. Jaiz bank has witnessed tremendous growth with a Profit (after tax) of N1.25billion at the end of its 3rd quarters in 2019. Other critical banking parameters such as customer deposits, branch network and profitability have also witnessed growth since the bank began its operations. Although Jaiz bank has its head office in the Federal Capital Territory, it also has branches in many other states of the federation. This article covers all Jaiz bank branches in Nigeria.
List of JAIZ Bank Branches in Nigeria
Read on below:
Jaiz bank Head office
Kano house on Number 73 Ralph Shodeinde Street Central Business District, Abuja.
Jaiz bank Bannex branch
Bannex Plaza, Wuse II, Abuja
Jaiz bank EFCC Head Quarter branch
Number 5, Formella Street, Off Ademola Adetokunbo Crescent, Wuse II, Abuja
Jaiz bank National Assembly Branch
National Assembly, White House Basement, Abuja
Jaiz bank NNPC Branch
Block D, NNPC Tower, Abuja
Jaiz bank Sahad Stores branch
Sahad Stores at Area 11 Garki Abuja
Jaiz bank Sahad Stores CBD branch
Adjacent Moshood Abiola House on Abubakar Tafawa Balewa Way at Central Business District, Abuja.
Jaiz bank Wuse Branch
Number 36 on Douala Street at Erisco Bonpet Plaza, Zone 5 Wuse, Abuja
Jaiz bank POWA Plaza branch
POWA Plaza, Apo Resettlement, Abuja
Jaiz bank Dutse branch
Olajumoke Akinjide Shopping Mall on Bwari express way at Dutse Alhaji, Dutse, Abuja
Jaiz bank Gwarimpa Branch
1st Avenue, DBB Plaza at Gwarimpa, Abuja
Jaiz bank ATBU Bauchi
Abubakar Tafawa Balewa University, Bauchi
Jaiz bank Bauchi Main branch
Mohammed Kirfi road, off Ahmadu Bello way, Bauchi
Jaiz bank Gombe Main branch
Number 8, New Market Road, Commercial Area, Gombe state, Nigeria
Jaiz bank Federal Medical Center, Gusau
Federal Medical Center, Gusau
Jaiz bank Ali Akilu Branch
Number 11A, Ali Akilu Road, Kaduna state
Jaiz bank Kaduna 2 Branch
Farida Venture Building on Kano Road, Kaduna
Jaiz bank Samaru branch
Ahmadu Bello University Road, opposite Main Gate, Samaru, Zaria
Jaiz PZ Branch
Number 2, Crescent Road, Sabon Gari- Zaria, Kaduna state
Jaiz bank Kabuga BUK branch
Kabuga Shopping Complex, Along Bayero University Road, Kabuga, Kano
Jaiz bank Kano1 Tafawa Balewa Road Branch
Number 55A, Tafawa Balewa Road, off Murtala Mohd Way, Kano state
Jaiz bank Kano2 Bello Road branch
Number 13, Bello Road, Kano state
Jaiz bank Zoo Road Branch
Opposite SKY Memorial Plaza, Zoo road, Kano
Jaiz bank Shop Sheshe branch
Shop Sheshe, Hadeja road, kano
Jaiz bank Dala Orthopadic Hospital branch
Kafar Ruwa Road, Kofar Danwawu, Kano
Jaiz bank Northwest University branch
Northwest University campus, Kofar Ruwa Road at Kofar Nassarawa in Kano state
Jaiz bank Hotoro Branch
Plot 140, Opposite NNPC Depot on Maiduguri Road, Hotoro, Kano
Jaiz bank Katsina main branch
Number 109, IBB Way, Kofar, Kaura, Katsina state
Jaiz bank, Al Qalaam University branch
Al Qalaam University Campus on Dutsin-Ma Road, Katsina state
Jaiz bank Funtua Branch
Number 69, Sokoto Road, Funtau Katsina
Jaiz bank Birnin-Kebbi branch
Plot 20, Ahmadu Bello way, Birnin-Kebbi, Kebbi State
Jaiz bank Lokoja branch
Number 4, John Holt Road, Along Paparanda Square, Lokoja, Kogi state
Jaiz bank University of illorin branch
University of illorin Campus, Kwara state
Jaiz bank, Ilorin branch
Number 11, Unity Road, (Beside Kasmag Transport) Ilorin, Kwara state
Jaiz bank Apapa branch
Number 17, Wharf Road, Opposite Eleganza Plaza, Beside Unity Bank, Apapa, Lagos
Jaiz bank Ikeja branch
De Plazaville Shopping Complex on 119 Awolowo Way, (Allen Round About) Ikeja
Jaiz bank Ikoyi branch
Number 39, Awolowo Road, Ikoyi, Lagos.
Jaiz bank Marina branch
Number 2/4 Davies Street, Kingsway Building, Beside Eco Bank, Marina, Lagos.
Jaiz bank Maiduguri Branch
Number 18, Shehu Laminu Way, opposite State Specialist Hospital, Maiduguri State
Jaiz bank Mararaba Branch
Plot 644, Cadastral Zone A11 at Mararaba, Gurku, Nassarawa state
Jaiz bank Osogbo branch
Number 4, Gbongan Road, Osogbo, Ogun state
Jaiz bank Saki Branch
Oke-Dio Junction, Secretariat Road, Saki, Oyo state
Jaiz bank Ibadan branch
Number 3, Fajuyi Road, Dugbe Ibadan
Jaiz bank Jos Branch
Number 25, Ahmadu Bello Way, Jos Plateau State
Jaiz bank Port Harcourt branch
Number 186, Abba Road, Porth Harcourt (Opposite Water Line), River state
Jaiz bank Sokoto Main branch
Number 5, Ahmadu Bello Way, former FINBank Building, Sokoto
Jaiz bank Yola Branch
Muhammed Mustapha Way, opposite Modern Market,Jimeta, Yola
Gusau Main Branch
Number 21, Canteen Road, Opposite CBN Gusau, Zamfara state
Jaiz bank Yarima Bakura Specialist Hospital branch
Yarima Bakura Hospital, Zamfara
About Islamic Banking
Islamic banking, otherwise known as Non-Interest Banking is a profitable banking model currently practiced in nearly 70 countries across the world. Some other non-Islamic banks, such as Citibank, Barclays Bank, etc. also offer non-interest banking products and service. Note that, Non-interest banking is an alternative financial service open to all irrespective of race or religion. It offers almost all the services of other conventional banks. It is based on the ethical principles of fairness, transparency and objectivity.
The major difference between Islamic banking and other conventional banking methods is that non-interest Islamic banks do not give or receive interest. They are also intentional about not partaking in or finance anything that is harmful to society which includes things alcohol, tobacco, gambling businesses, etc. Islamic banking adheres to ethical and moral standards.
Many people prefer Islamic banking because it provides for socially responsible investment outlets. The major mode of financing in Islamic banking is via leasing and partnership.
The Potential for Non- Interest Bank in Nigeria
The potential for Non-Interest bank in Nigeria are enormous because many Nigerians have been waiting for such banking options. Although Jaiz Bank majorly focuses on retail banking, it also offers corporate and commercial banking services.
Details you need to know about Jaiz bank
100% Shari’ah compliant
Highly ethical, with best practices in corporate governance and sound risk management framework.
Proactive and innovative towards customer’s needs
Best-practice operations and functional framework
Fair to all Stakeholders
Ideal business partner
Jaiz bank is not any of the following:
An imitator of other banks
Jaiz bank will not sacrifice Shari’ah principles for profit
Financial products offered by Jaiz bank
Jaiz Wakala Investment
This is a financial product specially tailored to corporate and high-net-worth individuals who are looking to yield high returns with commensurate risk on their investment. Under the Jaiz Wakalah investment, the bank will collect deposits from its customers and invest in a specific business venture that must have been earlier agreed on with the customer. The Bank, therefore, acts as an agent in investing the depositor’s funds in an ethical manner. The bank and the customer will have agreed on the expected profit rate to the customer and the fee of the bank.
Working Capital Financing (Murabaha)
This product is used to finance the purchase of inventory or raw materials from local sources for the customers, by the bank. The bank selects the customer as its agent to source for the goods the customer wishes to buy. The customer negotiates price, quality, and quantity, and will later communicate the outcome of the negotiation to the bank via the presentation of a proforma invoice. After which the bank will then purchase the goods by making payment to the supplier, while the agent handles the delivery of the goods. The customer pays for the cost and profit to the bank on an earlier agreed date.
Project financing/ Constructing (Istisna)
This contract is such that the customer will request that Jaiz bank should construct and sell the project to be constructed at the bank’s selling price. Thereafter. the bank will request another party (contractor) to construct the project. The payment of the bank’s selling price may be paid in full or in installments as earlier agreed. On completion of the project, the contractor will handover the project to the bank, after which the contractor will deliver the project (based on authorization) directly to customer.
Lease to own finance (Ijarawaliqtina)
This is a banking product that allows you to hire and subsequently purchase assets from the bank.