TAJBank

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.

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

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 12th of 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]

On 24th of 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
  2. "Taj Bank – Our only interest is you". Retrieved 2020-07-18.
  3. Independent (2020-01-28). "Taj bank opens national assembly branch". Independent.
  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. editor (2019-12-12). "TAJBank Unveils Second Branch in Kano". THISDAYLIVE. Retrieved 2020-07-18.CS1 maint: extra text: authors list (link)
  7. "TAJBank Launches TAJXPRESS To Drive Financial Inclusion". Brand Spur. 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. 2020-05-27. Retrieved 2020-07-18.
  10. Published. "TAJBank opens new branch". Punch Newspapers. Retrieved 2020-07-18.
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