IslamicFinance.de

Jaiz Bank Plc has said it increased its authorised share capital to about N11 billion from only about N5 billion in January 2012 when it commenced operation. The bank is currently financing critical areas such as Agricultural, Small and Medium Scale Industries and Home Finance. General Manager, Business Development, Mallam Hassan Usman said the bank's plan is to expand to 25 branches before the end of the year. Moreover, Jaiz offers financing products and services like other conventional banks except these are devoid of interest. The services are available to all irrespective of race or religion, he added.