Business Nigeria: Jaiz Islamic Bank to Open Branches in Lagos, Kwara

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Jaiz Islamic Bank is set to open branch offices in Lagos and Kwara states in Nigeria, Dr. Mizanur Rahman, the bank's representative on Tuesday in Ilorin announced.

He spoke at the jointly organised thematic workshop on Development of Islamic Banking in Africa at the Alhikmah University in Ilorin.

The workshop was jointly organised by the Research and Training Institute (IRTI) in Saudi Arabia, the University of Ilorin and Al-Hikmah University.

According to him, the bank which has 15 branches globally, is set to widen its operation in Nigeria, adding that with much awareness campaign, people will realise the benefit of the bank.

He lamented that due to limited scope within the country, the bank lost about N1 billion but reiterated its hope that it would do well in 2015.

Dr Mohamad Azmi-Omar, the IRTI Director-General, emphasised the need for proper development and improvement of Islamic banking in Nigeria and African countries at all levels.

Prof Abdulganiyu Ambali, Vice-Chancellor of the University of Ilorin, also advocated for expansion of Islamic banking in Africa.

#Nigeria #Islamicbank #Jaiz

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