TAJBank Limited, is Nigeria's second Non-interest

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

, operating under

Islamic banking Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economic ...

principles, established in Nigeria with its headquarters in

Abuja Abuja () is the capital and eighth most populous city of Nigeria. Situated at the centre of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s based on a master plan by International Plann ...

, the

capital city A capital city or capital is the municipality holding primary status in a country, state, province, Department (country subdivision), department, or other subnational entity, usually as its seat of the government. A capital is typically a city ...

of the country. The Bank operates 45 branches, 5 cash centers and provides regular ATM services as well as Online, Mobile, USSD (*898#) and SMS banking services.

History

The institution was founded in 2019, as TAJBank Limited. On 3 July 2019, TAJBank received a license from the

Central Bank of Nigeria The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are ...

, the national banking regulator, to operate as a regional bank. On 2 December 2019, the institution commenced business as TAJBank Limited in offices and branches in

. On 12 December 2019, TAJBank opened its second branch at Kano in the process of expanding to other urban centers in the

Federal Republic of Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of G ...

. TAJBank recorded its early success in August 2022 culminating in the issuance of a National License by the Central Bank of Nigeria. The Bank also opened a branch in Sokoto State on the 24th of August 2020. TAJBank has over 38(Thirty-eight) branches nationwide. On February 14, 2023 TAJBank listed its N10billion Mudarabah Sukuk issuance at the Nigerian Exchange Limited (NGX)

Ownership

The Board of Directors of the bank are listed below.

References

{{reflist Banks of Nigeria Economy of Abuja

History

Ownership

The Board of Directors of the bank are listed below.

See also

References