Jaiz Bank Wins Most Improved Islamic Bank Award

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Jaiz Bank Plc, Nigeria’s premier non-interest bank has been awarded as the Most Improved Islamic Bank 2020 in the world by the Global Islamic Finance Awards (GIFA).

The Global Islamic Finance Awards (GIFA) are one of the most prestigious awards in Islamic banking and finance. Other prestigious awards are Islamic Development Bank Prize in Islamic Banking and Finance (also known as ‘IDB Prize’) and The Royal Award for Islamic Finance, founded by the government of Malaysia.

Jaiz Bank Wins Most Improved Islamic Bank Award
Jaiz Bank Wins Most Improved Islamic Bank Award – www.brandspurng.com

In a congratulatory letter to Hassan Usman, Managing Director/CE of Jaiz Bank, Professor Humayon Dar, the Chairman of GIFA, said the award Committee picked Jaiz Bank as the best out of three organisations considered and “after long deliberations decided in favour of Jaiz Bank based on a number of factors included in the GIFA Methodology. Please accept our heartiest congratulations on this huge achievement and accolade.”

The GIFA methodology – on which the awards are based and winners selected – is the most detailed approach to screen only the best of the best in their respective award categories.

- Advertisement -

Basically, there are three factors considered in the selection of a winner. These include;

Social Responsibility:

An organisation is considered socially responsible if it makes continuing efforts to behave ethically and contribute to economic development while improving the quality of life of its employees and the local community and society at large.

Read Also:  NADDC To Collaborates With BOI & JAIZ BANK to Finance Made-in-Nigeria Vehicles

Shari’a Authenticity:

An organisation is considered Shari’a authentic if it commits itself to the Shari’a Standards issued by an independent body like the Accounting and Auditing Organisation for Islamic Finance Institutions (AAOIFI) or a national body set up to issue Shari’a guidelines.

Commitment to Islamic Banking and Finance:

The selection criteria allocate maximum points to full-fledged stand-alone Islamic banks and financial institutions According to the Awards Committee, Jaiz Bank was able to meet all the above factors, hence the basis for its selection as the winner.

- Advertisement -

In his response, the Managing Director/CE of Jaiz Bank Hassan Usman thanked GIFA for choosing the bank as the Most Improved Islamic Bank in the world.

He said: “We are pleased that the world watches and appreciates our modest contributions to the development of Islamic Finance. This award is dedicated to our creator, in whose Grace all things are perfected. We are deeply appreciative of the contributions of our loyal customers, dedicated staff and committed shareholders.’’

- Advertisement -
Jaiz Bank Wins Most Improved Islamic Bank Award - Brand SpurJaiz Bank Wins Most Improved Islamic Bank Award - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Jaiz Bank Wins Most Improved Islamic Bank Award - Brand SpurJaiz Bank Wins Most Improved Islamic Bank Award - Brand Spur

Latest News

The First CCG Card Mobile Game with The Theme of Werewolf Killing” Werewolves Untamed” Officially Launched Today

KUALA LUMPUR, MALAYSIA - Media OutReach - 29 October 2020 - Today, the 1v1 confrontational reasoning competition CCG mobile game "Werewolves...

CUHK Business School Research Looks at Why Global Efforts to Move Production Away from China May Not Mitigate Supply Chain Risks

HONG KONG, CHINA - Media OutReach - 29 October 2020 - The unprecedented COVID-19 pandemic has posed severe challenges for the global economy and supply chains have been in the eye of...

7-Eleven’s Own Brand 7-SELECT New Product Update – Introducing Fish Meat Shao Mai with Spicy Chicken Flavoured Sauce and the Bee Bun with Red...

Heartfelt, Simple and Tasty HONG KONG, CHINA - Media OutReach - 28 October 2020 - Hongkongers lead hectic lifestyles and are always on the lookout to...

NEFIN establishes rooftop solar partnership with The Park Lane Hong Kong, a Pullman Hotel

10,493 kWh of clean energy to be generated per year HONG KONG, CHINA - Media OutReach - 28 October 2020 - Leading bespoke solar developer and asset management company NEFIN Solar...

Thailand’s Best Workplaces Honoured Amidst Pandemic

HR Asia Best Companies to Work For in Asia Awards celebrates caring side of Thai employers  BANGKOK, THAILAND - Media OutReach - 28 October 2020...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Jaiz Bank Wins Most Improved Islamic Bank Award - Brand SpurJaiz Bank Wins Most Improved Islamic Bank Award - Brand Spur