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The Board of Directors of Jaiz Bank Plc has approved the appointment of Mahe Abubakar as the acting Managing Director/CEO of the bank. He succeeds Muhammad Nurul Islam, whose two-year contract ended on November 17, 2015.
Until his appointment, Abubakar was an Executive Director in charge of Business Development. A statement by the Head, Corporate Communications Department of the Bank, Idris Salihu described Abubakar as an astute banker with over 20 years cognate experience.
Before he joined Jaiz bank, he was a General Manager/ Group Zonal Head of Zenith Bank Plc in charge of the Northwest region. His wealth of experience is expected to impact greatly on Jaiz Bank's business development drive. Abubakar has a Master Degree in Business Administration from the Ahmadu Bello University, Zaria and he is a qualified Dealing Clerk of the Nigerian Stock Exchange.
He had attended several trainings in and outside Nigeria including High Potential Leader: Accelerating Your Performance at Wharton School, Pennsylvania, USA; High Performance People Skills, London Business School; and Senior Management Programme, Lagos Business School.

Jaiz Bank Plc, Nigeria’s sole Islamic bank has announced the appointment of Mahe Abubakar as the acting Managing Director/CEO of Jaiz Bank Plc.
Until his appointment, Abubakar was an Executive Director in charge of Business Development.
A statement from the Head, Corporate Communications Department of the Bank, Idris Salihu said Abubakar is taking over from Muhammad Nurul Islam, whose two-year contract ends on the 17th of November, 2015.
Salihu said the Board expressed gratitude to Islam for his innumerable contributions towards the growth and success of Jaiz Bank Plc in the last two years.
Nurul Islam joined Jaiz Bank in November 2013 and turned it around from a negative balance-sheet to a positive result in 2014. “He came in on a Technical Agreement Jaiz Bank has with the Islamic Bank of Bangladesh to train and put the staff of Jaiz Bank through Islamic Banking because of their long experience in the subsector” the statement said.
Jaiz Bank is now operating in 21 locations from the 10 locations he met. Under Islam’s leadership, Jaiz also obtained Approval-in-Principle for a license from the Central Bank of Nigeria to operate nationwide.

It is a common opinion that Africa offers excellent opportunities for the global development and expansion of Islamic finance. The bank's managing director, Alhaji Mohammed Mustapha Bintube, explained that the bank has made steady progress regarding number of accounts opened, number of deposits, and numbers of proposals that received on a daily basis. The bank offers various products in the field of retail such as Jaiz Home Finance, Jaiz Auto Finance, Jaiz Home Appliance Finance etc. After the approval of the shareholders, the bank plans to increase its capital base from N7bn to N12bn.

More on: http://www.theislamicglobe.com/index.php?option=com_content&view=article...

Alhaji Mohammed Mustapha Bintube, the Managing Director of Jaiz Bank Plc, stated that even though the bank started on a low key, it has been making steady progress in terms of number of accounts opened, deposits, and numbers of proposals received every day. Of course, there are some challenges the bank is facing which it intends to adress by relying on several publicity initiatives. The goal of these initiatives is to teach Nigerian people confidence about the new kind of banking model.

More on: http://allafrica.com/stories/201209210292.html

According to its Managing Director/Chief Executive - Mallam Mohammed Bintube - Jaiz Bank Plc is ready for the acquisition of a a national banking license in the following year. The required minimum capital is already raised usong private placement. Mallam Mohammed Bintube pointed out that it took as little as three months for all shares on offer to be fully subscribed.

More on: http://www.thisdaylive.com/articles/jaiz-bank-to-acquire-national-bankin...