Central Bank of Nigeria (CBN)

Nigeria’s first Islamic bank begins business in three branches

aiz Bank Plc, has begun full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano.
It seems that most of the early customers were groups of business institutions and private individuals from different religious persuasions making enquiries as well as opening different accounts.
The introduction of Islamic banking is part of a drive by the Central Bank of Nigeria, CBN, to force Nigeria’s economy and promote financial inclusion by presenting alternative products.

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