By Uzair Adam
Jaiz Bank, Nigeria’s first Non-Interest Bank, has been recognized as the 2024 Global Most Promising Islamic Bank by the Global Islamic Finance Awards (GIFA).
During the Global Islamic Finance Summit and awards ceremony held in the Republic of Maldives, Jaiz Bank outshined two other nominees in the same category to win the prestigious award.
Professor Humayon Dar, Chairman of GIFA, stated that Jaiz Bank was chosen after a thorough evaluation based on multiple criteria set by the GIFA Awards Committee.
The bank was recognized for its exceptional growth potential, innovation, and financial performance, which helped reinforce its leadership in the industry.
Haruna Musa, Managing Director/CEO of Jaiz Bank, expressed his appreciation upon receiving the award.
He noted that the recognition in accordance with the bank’s strategic vision to become one of Africa’s top non-interest financial institutions in the next five years.
He also revealed that Jaiz Bank had previously won GIFA’s Most Improved Islamic Bank Award in 2020 and 2021.
The Global Islamic Finance Awards, known for celebrating excellence and innovation in the Islamic finance sector worldwide, remains one of the most prestigious honors in the industry.