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Jaiz Bank, Nigeria: A Case Study on Non-Interest Bank

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  • Sapovadia, Vrajlal

Abstract

This case study is on Jaiz Bank, Nigeria; first full fledged non-interest bank of Nigeria. Jaiz Bank commenced operations with three branches in Abuja, Kaduna and Kano states in 2012, after it received license from the Central Bank of Nigeria (CBN) on the 11November 2011 to operate as a non-interest bank. Currently the bank operates in six states with eighteen branches. The Paid up Capital as on 31st December 2014 was ₦ 11,829,700,000. The bank plans to operate in all 36 states by upgrading and availing national operating license and increasing the share capital base to N15 billion (USD $78 million). The Central Bank of Nigeria has granted a national license and a waiver on the reduction of its liquidity ratio from 30% to 10%. The bank have massive expansion plan and intends to open 100 branches in first five years.

Suggested Citation

  • Sapovadia, Vrajlal, 2015. "Jaiz Bank, Nigeria: A Case Study on Non-Interest Bank," MPRA Paper 68763, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68763
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    References listed on IDEAS

    as
    1. Munawar Iqbal & Philip Molyneux, 2005. "Thirty Years of Islamic Banking," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-0-230-50322-9, September.
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    More about this item

    Keywords

    Banking; Non-interest banking; Islamic Finance; Islamic Banking;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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