TAJBank

Last updated
TAJBank Limited
Company type Private
Industry Banking
Founded2019 (2019)
Headquarters Abuja, 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 assets N50 billion (2020)
Website www.tajbank.com
TAJBank Headquarters in Abuja, Nigeria.jpg

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]

Contents

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

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

The Board of Directors of the bank are listed below.

Taj Bank Limited Board of Directors
RankNamePosition
1Alhaji Tanko Isiaku GwamnaChairman
2Hamid JodaFounder/Managing Director/CEO
3Sherif IdiCo-Founder/Executive Director/ECO
4Ahmed JodaNon-Executive Director
5Mariam IbrahimNon-Executive Director
6Barrister Habib AlkaliNon-Executive Director
7Dr. Nura Manu SoroNon-Executive Director
8Charles EbienangNon-Executive Director
9Kogis Jonathan LukaNon-Executive Director
10Hafsat Lawal GarbaNon-Executive Director
11Dr. Jameel Muhammad SadisNon-Executive Director
12Tata Shakarau OmarIndependent Non-Executive Director
13Adekunle James AweIndependent Non-Executive Director

See also

References

  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. Archived from the original on 2020-07-18. 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.
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