TAJBank Limited,[2] is Nigeria's second Non-interest bank, operating under Islamic banking principles, established in Nigeria with its headquarters in Abuja, the capital city of the country.[3]

TAJBank Limited
Company typePrivate
IndustryBanking
Founded2019 (2019)
HeadquartersAbuja, Nigeria
Key people
Alhaji Tanko Isiaku Gwamna(Chairman), Hamid Joda (Founder, Managing Director/ Chief Executive Officer), Sherif Idi (Co Founder & Executive Director)[1]
ProductsSavings Account (Mudarabah), Current Account (Qard)Term Deposit Account, Sales Products, Leasing Products, Partnership Products (Financing)
Total assetsN50 billion (2020)
Websitewww.tajbank.com

The Bank operates 45 branches, 5 cash centers and provides regular ATM services as well as Online, Mobile, USSD (*898#) and SMS banking services.

History

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The institution was founded in 2019, as TAJBank Limited. On 3 July 2019, TAJBank received a license from the Central Bank of Nigeria, the national banking regulator, to operate as a regional bank.[4] On 2 December 2019, the institution commenced business as TAJBank Limited in offices and branches in Abuja.[5]

On 12 December 2019, TAJBank opened its second branch at Kano in the process of expanding to other urban centers in the Federal Republic of Nigeria.[6] TAJBank recorded its early success in August 2022 culminating in the issuance of a National License by the Central Bank of Nigeria.

[7] The Bank also opened a branch in Sokoto State on the 24th of August 2020. TAJBank has over 38(Thirty-eight) branches nationwide.

On February 14, 2023 TAJBank listed its N10billion Mudarabah Sukuk issuance at the Nigerian Exchange Limited (NGX)

Ownership

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The Board of Directors of the bank are listed below.

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Taj Bank Limited Board of Directors
Rank Name Position
1 Alhaji Tanko Isiaku Gwamna Chairman
2 Hamid Joda Founder/Managing Director/CEO
3 Sherif Idi Co-Founder/Executive Director/ECO
4 Ahmed Joda Non-Executive Director
5 Mariam Ibrahim Non-Executive Director
6 Barrister Habib Alkali Non-Executive Director
7 Dr. Nura Manu Soro Non-Executive Director
8 Charles Ebienang Non-Executive Director
9 Kogis Jonathan Luka Non-Executive Director
10 Hafsat Lawal Garba Non-Executive Director
11 Jamel Muhammad Sadis Non-Executive Director
12 Tata Shakarau Omar Independent Non-Executive Director
13 Adekunle James Awe Independent Non-Executive Director

See also

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References

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  1. ^ "Executive Management – Taj Bank".
  2. ^ "Taj Bank – Our only interest is you". Retrieved 2020-07-18.
  3. ^ Falaiye, Henry (2023-07-03). "TAJBank profit rises by 300%, pays dividend". Punch Newspapers. Retrieved 2023-10-19.
  4. ^ "Central Bank of Nigeria | All Financial Institutions | TAJ Bank Limited". www.cbn.gov.ng. Retrieved 2020-07-17.
  5. ^ Jeremiah (2019-12-02). "TAJ Bank Launches Operations Today". Leadership Newspaper. Retrieved 2020-07-17.
  6. ^ "TAJBank Unveils Second Branch in Kano". THISDAYLIVE. 2019-12-12. Retrieved 2020-07-18.
  7. ^ "TAJBank announces issuance of N150bn FGN Sukuk". Businessday NG. 2020-05-27. Retrieved 2020-07-18.