IslamicFinance.de

Beginning with 2002, Jaiz has become synonyms with non interest banking in Nigeria. But it seems that Jaiz is not the first institution that was proposed as Islamic Bank before it there were many attempts, starting with WAPA (West African Pilgrimage Agency) of the colonial era.
Since that CBN directive little was heard about Jaiz, the few moves made by it organizers to raise the new minimum capital are never completed, this included looking for foreign investors and multilateral corporations to come and invest in the Bank.