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GIFA names Jaiz Bank as Most Progressive Islamic Bank in 2025

Bassey Udo by Bassey Udo
September 15, 2025
in News
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Nigeria’s pioneer non-interest bank, Jaiz Bank Plc, has been named as the Most Progressive Islamic Bank in 2025 by the Global Islamic Finance Awards (GIFA).

The GIFA Awards Committee, which has Prof. Humayon Dar, as its Chairman, said Jaiz Bank Plc was chosen to receive the Most Progressive Islamic Bank 2025 Award after a review of several distinguished nominees in this category.

He said after a careful deliberation based on the GIFA Methodology, the Committee decided in favour of Jaiz Bank Plc as the most qualified recipient of the award.

Receiving the award on behalf of the Bank, a representative of the Managing Director/Chief Executive Officer of Jaiz Bank, Dr. Haruna Musa, dedicated the recognition and the award to the staff, customers, and stakeholders of the Bank.

MD/CEO, Jaiz Bank PLC, Dr Haruna Musa

“This achievement reflects the collective dedication of our Board, Management, and Staff, as well as the unwavering trust of our valued customers and stakeholders,” Dr. Musa was quoted as saying at the awards presentation.

“At Jaiz Bank, we remain committed to driving innovation, deepening financial inclusion, and upholding the principles of ethical, Shariah-compliant banking. This award is not only a recognition of our progress but also a motivation to continue setting new standards in Islamic finance, both in Nigeria and globally,” the MD added.

GIFA is a globally recognised platform that honours governments, institutions, and individuals who have made outstanding contributions to the growth and sustainability of Islamic banking and finance within the international financial system. Over the years, the awards have grown into one of the most respected and sought-after recognitions in the industry worldwide.

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Bassey Udo

Bassey Udo

Bassey Udo is a Journalist, Communication & Media Practitioner PERSONAL DETAILS DATE OF BIRTH: March 3, 1965 GENDER: Male NATIONALITY: Nigerian GSM: +234 802 313 7335; 07032308000 EMAIL: bassey.udo@gmail.com CONTACT ADDRESS: Plot 743 Coral Park Street, Lugbe CRD, Abuja, FCT 900128 A multiple award winning investigative reporter with specialised interest in Business & Economy, Energy & Power, Oil, Gas, Mining & Extractive Industry, Environment & Climate Change, etc. at various times for some of Nigeria’s elite newspapers and magazines, including Post Express, NewsAfrica magazine, Independent, 234NEXT and Premium Times. A member of the Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), Nigerian Institute of Public Relations (NIPR) and Society of International Law & Diplomacy (SILD). He is also a distinguished Alumnus of the U.S. International Visitors Leadership Programme (IVLP) 2017.

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