TAJBank

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

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]

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
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

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. 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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