Mutallab narrated how the bank started in 2012 as the pioneer Islamic non-interest bank and had grown in 10 years to a non-interest pioneer.
The chairman of Nigeria’s first non-interest bank, Jaiz Bank Plc, Umaru Abdul Mutallab, has said the idea of establishing the bank was geared towards driving growth in different sectors of the economy.
He stated this yesterday in Abuja during his address at a dinner to mark the 10th anniversary of the bank.
Mutallab narrated how the bank started in 2012 as the pioneer Islamic non-interest bank and had grown in 10 years to a non-interest pioneer.
He said: “The main pillar to the establishment of Jaiz Bank was the approval by the Director General of Securities and Exchange Commission (SEC) to start operations and our mission is to ensure investments in critical sectors that will drive economic growth. Since coming on board, some Islamic banks have also been established and many more are coming
Speaking further, the chairman noted that the bank would have kicked off earlier if not for the recapitalization policy of the Central Bank which took place in 2005
In 2005, the Central Bank of Nigeria introduced a programme of reforms which created a new minimum paid‐up capital for all banks, from two billion naira to 25 billion naira.
He added the collective efforts of shareholders, partners and investors had made it possible for the bank to be what it is currently, adding that it is gradually becoming a model for social impact in the banking sector.
Yarenmu na Hausa abin alfaharib mu
Wasu Hausawan kunyar magana suke yi da shi koda a ranar Hausa kamar jiya.
Ranar Hausa tana tare da abubuwan kala-kala tunawa da magabata kwarai waɗanda suka yi gwagwarmaya domin mu, tunatarwa da litattafan magabata don yaran manyan gobe su san irin gwagwarmayar da suka kafin kowa ga Allah madaukakin sarki, tunawa da abubuwan ban sha'awa da mamaki na al'adun Hausawa.
Ƙara fitowa da darajojin Mallam Bahaushe, halayyar Hausawa don nuna tarbiyyar mu da kyakkyawan mu'amala da sauran harsuna duniya