Jaiz Bank, the Premier Non-Interest Bank in Nigeria has recorded a N.67 billion Profit Before Tax, at the close of its 2022 operation year.  


The figure, according to the statement by the bank, yesterday, represented a significant increase in Profit Before Tax (PBT) by 52.63% from the N4.37 billion recorded in December 2021.

The bank also declared a 29.35% increase in gross earnings, from N25.84billion realised in December 2021 to N33.4billion at the end of December 2022.


During the period under review, the Bank’s Total Asset grew by 35.61% from N279. 27billion as at end of December 2021 to N378.69billion at the end of December 2022.

The Managing Director/CEO, Dr Sirajo Salisu, described the result as a testimony that Islamic finance has gained acceptance among its stakeholders in Nigeria.

He said that the bank made outstanding progress despite the fluctuating currency rate and the effects of the current Russia/Ukraine war on the entire world.