Jaiz Bank Wins 2024 Global Most Promising Islamic Bank Award   

By Toyin Ajadi

Nigeria’s pioneer Non-Interest Bank, Jaiz Bank has emerged the Global Most Promising Islamic Bank in 2024.

The Global Islamic Finance Awards (GIFA) announced Jaiz Bank 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 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 stated 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.

The Managing Director/CEO of Jaiz Bank Plc, Haruna Musa , who received the award,  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.”

Jaiz Bank had won GIFA’s Most Improved Islamic Bank Award in 2020 and 2021 respectively.