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| Jaiz Bank Wins Most Progressive Islamic Bank 2025 |
Jaiz Bank wins the Most Progressive Islamic Bank 2025 Award at the Global Islamic Finance Awards, showcasing its growth, innovation, and commitment to ethical banking.
Jaiz Bank Plc, Nigeria’s pioneer non-interest financial institution, has once again taken the spotlight in the global Islamic banking industry. The bank was officially recognized as the Most Progressive Islamic Bank 2025 by the prestigious Global Islamic Finance Awards (GIFA), reaffirming its position as a leader in ethical, Shariah-compliant financial services.
This recognition highlights Jaiz Bank’s continuous efforts to promote innovation, financial inclusion, and sustainable banking practices across Nigeria and beyond.
Global Recognition at the GIFA Awards
The announcement was made by the GIFA Awards Committee, chaired by Prof. Humayon Dar. In a congratulatory statement, Prof. Dar emphasized that Jaiz Bank was carefully selected after an extensive review of several distinguished nominees.
“It gives me immense pleasure to inform you that Jaiz Bank Plc has been chosen to receive the Most Progressive Islamic Bank 2025 Award,” he said.
The GIFA Awards are globally acknowledged for recognizing outstanding contributions to Islamic finance. Over the years, the awards have become one of the most respected platforms celebrating excellence in Shariah-compliant banking and finance.
For more on the GIFA Awards and their impact, you can explore the Global Islamic Finance Awards official site.
Dedication to Customers, Staff, and Stakeholders
Receiving the award on behalf of Jaiz Bank, the Managing Director and Chief Executive Officer, Dr. Haruna Musa, attributed the success to the dedication and teamwork of the entire organization.
He stated:
- The award reflects the collective effort of the Board, Management, and Staff.
- It is a recognition of the trust placed in Jaiz Bank by its customers and stakeholders.
- It serves as a motivation to continue building innovative solutions while upholding Shariah principles.
Dr. Musa reaffirmed the bank’s mission to drive innovation, deepen financial inclusion, and maintain ethical standards in all its operations.
Jaiz Bank’s Journey: From Humble Beginnings to Industry Leader
Jaiz Bank has a rich history as Nigeria’s first full-fledged Islamic bank.
- 2003: Originally incorporated as Jaiz International Plc.
- 2011: Secured a regional banking license.
- 2012: Officially commenced operations on January 6 with a few branches.
- 2024: Expanded into a robust network with a balance sheet growing from ₦12 billion in 2012 to over ₦1.08 trillion by the end of 2024.
This remarkable growth reflects the bank’s resilience and its ability to attract customers who value transparency and Shariah-compliant financial solutions.
For additional information on Jaiz Bank’s financial services, visit the official Jaiz Bank website.
Why Jaiz Bank Stands Out in Islamic Banking
Jaiz Bank has become a trailblazer in the Nigerian and African financial space by focusing on non-interest, Shariah-compliant banking.
Some key reasons behind its success include:
- Ethical and Transparent Banking Practices – rooted in Islamic finance principles.
- Financial Inclusion Initiatives – making banking accessible to underserved communities.
- Innovation in Digital Banking – expanding online and mobile platforms to meet modern customer needs.
- Strong Stakeholder Confidence – consistently growing deposits and customer loyalty.
Previous Recognition and Industry Impact
This is not the first time Jaiz Bank has been recognized on a global stage. In 2024, the bank was named the Most Promising Islamic Bank by the GIFA Awards, signaling its potential for greater achievements.
The 2025 award further solidifies Jaiz Bank’s reputation as a progressive leader in Islamic finance, both in Nigeria and internationally.
A Milestone for Islamic Banking in Nigeria
The recognition of Jaiz Bank as the Most Progressive Islamic Bank 2025 is more than just an award—it is proof of the bank’s unwavering commitment to Shariah-compliant banking, financial inclusion, and sustainable growth.
As Jaiz Bank continues to expand its reach and adopt innovative solutions, it remains a beacon of trust and excellence in Nigeria’s financial sector.
To learn more about Jaiz Bank’s services and ethical banking model, visit the official Jaiz Bank Plc website.
