TAJBank

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TAJBank Limited
TypePrivate
IndustryBanking
Founded2019 (2019)
HeadquartersAbuja, Nigeria
Key people
Alhaji Tanko Isiaku Gwamna(Chairman),Norfadelizan Abdul Rahman (Managing Director & Chief Executive Officer)[1]
ProductsSavings, Transaction accounts, Investments
Total assetsN10 billion (2020)
Websitewww.tajbank.com

TAJBank Limited,[2] is a bank in Nigeria operating under Islamic banking principles and is a non-interest bank. It is the second non-interest bank established in Nigeria and is headquartered in Abuja, the capital city of the country.

The Bank operates 3 branches and provides regular ATM service as well as online, mobile, USSD and SMS banking services.[3]

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] In pursuit of that goal, the bank launched TAJXPRESS, the bank's full-service financial inclusion suite as a part of its drive to significantly boost financial inclusion in Nigeria.[7]

Taj Bank branch in Kaduna State

On 24 August 2020, TAJBank expanded its operation by opening its third branch at Sokoto State, Nigeria.[8]

TAJBank, announces a 150 billion Naira Sukuk Bond as appointed by the Federal Government of Nigeria as a receiving agent, making it the first time the bank will be acting in that capacity.[9]

Ownership[]

The Board of Director of the bank are listed below

Taj Bank Limited Board of Directors
Rank Name Position
1 Alhaji Tanko Isiaku Gwamna Chairman
2 Tata Shakarau Omar Director
3 Barrister Habib Alkali Esq Director
4 Mariam Ibrahim Director
5 Ahmed Joda Director
6 Adekunle James Awe Director
7 Charles Ebienang Director
8 Norfadelizan Abdul Rahman Managing Director
9 Hamid Joda[10] Founder / Chief Operating Officer
10 Kogis Jonathan Luka Director

See also[]

References[]

  1. ^ [1]
  2. ^ "Taj Bank – Our only interest is you" (in American English). Retrieved 2020-07-18.
  3. ^ Independent (2020-01-28). "Taj bank opens national assembly branch". Independent.{{cite web}}: CS1 maint: url-status (link)
  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 (in American English). Retrieved 2020-07-17.
  6. ^ editor (2019-12-12). "TAJBank Unveils Second Branch in Kano". THISDAYLIVE (in American English). Retrieved 2020-07-18. {{cite web}}: |last= has generic name (help)CS1 maint: extra text: authors list (link)
  7. ^ "TAJBank Launches TAJXPRESS To Drive Financial Inclusion". Brand Spur (in American English). 2020-06-26. Retrieved 2020-07-18.
  8. ^ "Islamic Finance: TajBank Expands its Operation In Nigeria, By Launching Sokoto Branch". Islamic Finance: TajBank Expands its Operation In Nigeria, By Launching Sokoto Branch. Retrieved 2020-08-25.
  9. ^ "TAJBank announces issuance of N150bn FGN Sukuk". Businessday NG (in American English). 2020-05-27. Retrieved 2020-07-18.
  10. ^ "TAJBank opens new branch". Punch Newspapers (in American English). Retrieved 2020-07-18.
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