Jaiz Bank Plc, Nigeria’s first non-interest financial institution, has been awarded the Most Progressive Islamic Bank 2025 by the Global Islamic Finance Awards (GIFA).
The recognition was announced by the GIFA Awards Committee, chaired by Prof. Humayon Dar, in a statement released on Friday.
“It gives me immense pleasure to inform you that Jaiz Bank Plc has been chosen to receive the Most Progressive Islamic Bank 2025 Award,” Dar said, noting that the selection followed a rigorous review of top contenders before the final decision was reached.
Receiving the award on behalf of the bank, the Managing Director and Chief Executive Officer, Dr. Haruna Musa, dedicated the honour to the bank’s staff, customers, and stakeholders.
“This achievement reflects the collective commitment of our Board, Management, and Staff, alongside the unwavering trust of our customers and stakeholders,” Musa said.
He added that the award was not only a recognition of the bank’s progress but also an inspiration to continue driving innovation, promoting financial inclusion, and maintaining ethical, Shariah-compliant banking.
The Global Islamic Finance Awards are globally respected for recognising governments, institutions, and individuals contributing significantly to the growth and sustainability of Islamic banking and finance.
Jaiz Bank also clinched the Most Promising Islamic Bank award in 2024.
Founded in 2003 as Jaiz International Plc, the bank commenced operations on January 6, 2012, after receiving a regional banking licence in 2011.
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Since then, it has expanded nationwide, growing its balance sheet from about ₦12bn in 2012 to over ₦1.08tn by the end of 2024.
