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TAJBank Limited, Nigeria’s leading non-interest bank, marked its 5th anniversary, celebrating a half-decade of ethical banking success. At a commemorative event held in Abuja, the bank’s board and management lauded customers for their loyalty and staff for their dedication, attributing the bank’s meteoric rise to these key stakeholders.

https://businessafricadigest.com/tajbank-marks-5-years-of-ethical-banking-prosperity/

TAJBank Limited, Nigeria’s fastest growing non-interest bank, has set a new record in Nigeria’s banking sector history with the payment of dividends to its shareholders at the end of its half year ended June 2024, the second in its 4th year of operations.

Another major highlight of the bank’s financial report showed that the bank blazed a major trail in financial management with the shareholders’ fund surging from N5 billion in 2019 to over N53 billion in June this year, representing 960% growth in the investors’ fund.

TAJBank Limited and Nigerian Postal Service (NIPOST) have formalized a new public-private partnership (PPP) initiative to work together for mutual and the nation’s socioeconomic benefits.

TAJBank Ltd has reported a profit before tax (PBT) of N11.3 billion in its 4th year of operations, the best in the non-interest lending sub-sector

TAJBank Ltd has reported a profit before tax (PBT) of N11.3 billion in its 4th year of operations, the best in the non-interest lending sub-sector

TAJBank wins

Innovative Islamic Bank of the year

Islamic Finance Deal of the year in Nigeria (Mudarabah Sukuk)

Islamic Personality of the year ( Mr Hamid Joda )

Recipient of the Best Sukuk Deal 2023 and Most Promising CEO 2023

Recipient of the Business Day Islamic Bank of the Year 2023 by the Banks and other Financial Institutions Awards 2023 (BAFI).

Signing of a Memorandum of Understanding (MOU) with the Islamic Corporation for the development of the Private sector (ICD), a member of the Islamic Development Bank (ISDB) group for growth and investment purposes in Africa.

Recipient of the Business Day Islamic Bank of the Year 2022 by the Banks and other Financial Institutions Awards 2022 (BAFI).

Issuance of National Banking License by the Central Bank of Nigeria in August 2022.

First Financial Institution to list Sukuk bond in the stock exchange in Africa

Pioneering role in issuing Nigeria’s first corporate sukuk under a N100 Billion program. The first tranche of N10 Billion was oversubscribed by 113% which culminates into N11.3Billion Naira.

Achievement of the Payment Card Industry Data Security Standard (PCI DSS) in its first year of operation.

Achievements of ISO 27001, ISO 22303, and ISO 20000 certifications on Information security, Business continuity and IT Service Management systems respectively in its first year of operation.

Unflinching support for the growth of the Islamic Finance system in Africa.

Driving Financial Inclusion through the deployment of a robust Agency banking network.

Achievement of ”break-even” in its 8th month of operation and N850 million in its first year of business as part of the financial performance of the Bank.