IslamicFinance.de

Muhammad Nurul Islam, managing director/chief executive officer of Jaiz Bank, explained that wholesale transparency in the bank’s regular operations at all levels has enabled it to move away from huge losses to break-even point in record time. However, there are also challenges for the bank, such as the need for a liquidity management instrument that is non-interest banking compliant to manage our excess liquidity. Islam also said that by 2016 end, the bank will have improved capital to enable it go outside the shores of Nigeria. So in the next five years, Jaiz Bank will go International and expand its business base.