The Central Bank of Nigeria has granted license to the first Islamic Bank in Nigeria, Jaiz Bank to operate nationally. The approval was announced by the Chairman of the Bank, Umaru Mutallab at a meeting with the President-General of the Nigerian National Supreme Council for Islamic Affairs and Sultan of Sokoto, Alhaji Muhammadu Saad Abubakar IV, in Abuja on Monday May 16th.

“As a regional bank, Jaiz has operated in 12 states (in Northern Nigeria) but with the new licence we can now spread to all parts of the country. We will open branches in the 36 states of the federation"he said


SOURCE: http://www.juicygossips.com.ng/2016/05/cbn-grants-nigerias-first-islamic-bank.html

I hope they will give us interest free loans to buy Innoson vehicles

Islamization has js begun...

stmichael001:
Islamization has js begun...

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Bleep it. U only Good in criticizing..abeg dem beg u to transact with them.

I think its a good development... Since the conventional banks won't lend to the real sector of the Nigerian economy, hopefully the Islamic banks will fill the lacuna. Good bless Nigeria

akzamani:
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Bleep it. U only Good in criticizing..abeg dem beg u to transact with them.

People do not know the advantages of the Islamic banking system.