After months of controversy generated by the introduction of the non-interest banking in the country, also known as Islamic banking, Jaiz Bank Plc quietly opened its doors for business on Friday, January 6, 2011 in Abuja, the Federal Capital Territory (FCT).

The bank, which has its head office in Kano House, Central Business District, Abuja, has been offering banking services for about a month, ditto its branches in Kaduna and Kano which were also opened simultaneously.

The commencement of interest-free banking business has obviously ended months of speculation and suspense associated with the birth of a new form of banking in the country. Indeed, the controversy surrounding interest-free banking may have caused Jaiz Bank to open without the usual pomp and ceremony associated with conventional banking marketing gimmicks, to herald commencement of business.