Jaiz Bank opens 5 new branches as it looks to bring non-interest banking closer to Nigerians

Nigeria’s first full-fledged non-interest bank, Jaiz Bank Plc., has announced the opening of 5 new branches across Nigeria in a bid to bring non-interest banking closer to Nigerians

In a statement made available to reporters, the bank said it is adding its own quota of increasing financial inclusion with its new branch model and at the same time, bringing ethical and non-interest banking closer to the people.

The statement read, “We intend to open branches in all the geopolitical regions of the country to be able to provide our unique services to the people who have been craving for ethical and non-interest banking. We are also using this medium to help reach our financial inclusion goals.”

The bank, which began full operations with 3 branches located in Abuja FCT, Kaduna and Kano, will see its total branch network increase to 39. The new branches are located in Funtua, Katsina State; Zaria, Kaduna State; Iwo Road and Saki both in Oyo State, and Osogbo in Osun State.

In areas where the bank is not physically present yet, it says there are robust e-banking platforms that are securely accessible.