Wednesday, 18 May 2016

Nigerian First Islamic Bank granted National License

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.

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