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THE PROPOSED JAIZ INTERNATIONAL BANK PLC
Jaiz International plc was incorporated on 1 st April 2003 as a public limited company with an authorised share capital of =N= 2.5 Billion ( US $18.5 Million ) . The main objective is to be an investment holding company to set up non interest institutions such as Islamic Bank, Takaful, Pension Fund Administration etc. The Bank, being the major driver of the other institutions is the main focus for now. With Universal banking now fully embraced in Nigeria , once the Bank is set up , it can offer the above services as full fledged subsidiaries , divisions or units
Nigeria with a population of over 125 million people is without doubt the most populous nation in Sub-Saharan Africa. A good proportion of the population is Muslim majority of who have been craving for a non-interest banking institution such as the one we propose to set up. The situation is so acute that a number of the devout faithful have resorted to keeping their money outside the Banking system to avoid usury. We have therefore identified a unique opportunity for the establishment of a non-interest Banking institution to serve this community and the rest of West Africa. |
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NEWS
UPDATE ON THE PROPOSED JAIZ BANK
UK and Dubai based Strategic Investor has sent us an
Expression of Interest (EoI) to invest about US $160m (N19
billion).
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PROPOSED JAIZ BANK GETS A BOOST
UK firm, IDB, Dantata, Dangote to invest
The proposed Jaiz Bank International Plc which has been
given a green light by the Central Bank of Nigeria (CBN) to
set up anon interest bank has recently received a boost from
reputable national and international investors.
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Jaiz
International Plc has engaged the services of Millennium
Finance Corporation (MFC) as Financial Adviser and KPMG
Finance Advisory as co-advisory as part of effort to attract
Foreign Direct Investment (FDI) into the country.
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More |
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