Nigeria's Sole Islamic Bank Gets CBN National Licence - Business

Nigeria's Sole Islamic Bank Gets CBN National Licence - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Nigeria's Sole Islamic Bank Gets CBN National Licence (610 Views)

Nigeria's Sole Islamic Bank Gets CBN National Licence by londonrivals(op): 3:27pm On May 17, 2016

Jaiz Bank plc, Nigeria’s sole Islamic bank, has just received a licence from the Central Bank of Nigeria (CBN) to now operate nationally, after long and intense effort to get that approval.

According to reports Chairman, Jaiz Bank, Umaru Mutallab, announced the development on Monday during a courtesy call on the Sultan of Sokoto, Muhammadu Sa’ad Abubakar IV.

It will be recall that the apex bank has earlier postulated that the national NIMFB shall have a minimum paid-up capital of N2 billion, and be allowed to open branches and operate in all states of the federation, FCT included. This is subject to the availability of free funds and the prior approval of the CBN for each new branch or cash centre.

http://www.metronaija.com/2016/05/nigerias-sole-islamic-bank-gets-cbn.html

cc: lalasticlala mynd44

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by haywire1: 3:32pm On May 17, 2016

Allahu akbar

#

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by Hengineer: 3:33pm On May 17, 2016

Can they lend to non-muslims?

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by OlujobaSamuel: 3:34pm On May 17, 2016

londonrivals:
Jaiz Bank plc, Nigeria’s sole Islamic bank, has just received a licence from the Central Bank of Nigeria (CBN) to now operate nationally, after long and intense effort to get that approval.

According to reports Chairman, Jaiz Bank, Umaru Mutallab, announced the development on Monday during a courtesy call on the Sultan of Sokoto, Muhammadu Sa’ad Abubakar IV.

It will be recall that the apex bank has earlier postulated that the national NIMFB shall have a minimum paid-up capital of N2 billion, and be allowed to open branches and operate in all states of the federation, FCT included. This is subject to the availability of free funds and the prior approval of the CBN for each new branch or cash centre.

http://www.metronaija.com/2016/05/nigerias-sole-islamic-bank-gets-cbn.html

cc: lalasticlala mynd44

ok now, we go see for Lagos, but know sey if you no fit cope for lag, na to run down be dat.

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by Nobody: 3:36pm On May 17, 2016

I support them because they are against usury. Hope to get 15,000,000 Naira loan from them free of interest with 20 yr repayment.

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by Yeecar(m): 3:40pm On May 17, 2016

Good news

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by haywire1: 3:42pm On May 17, 2016

Hengineer:
Can they lend to non-muslims?

Yea, islam is a religion of peace that doesn't discriminate

I hope to work in this bank

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Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by queenoflafia(f): 3:58pm On May 17, 2016

Alhamdulillah

Re: Nigeria's Sole Islamic Bank Gets CBN National Licence by Nobody: 5:35pm On May 17, 2016

Islamic bank... smh

1 Reply

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