Jaiz Bank – History, Ownership, Transfer Code, Branches

Jaiz Bank Plc, is a bank in Nigeria operating under Islamic banking principles and is a non-interest bank. It is the first non-interest bank established and is headquartered in Abuja, the capital city of the country.

As of December 2012, the bank was a medium-sized, financial services provider in Nigeria. At that time, the bank’s total assets were valued at US$88.8 million (NGN:14.1 billion), with shareholders’ equity of about US$63.6 million (NGN:10.1 billion. The Bank operates 27 branches and provides regular ATM service as well as online, mobile, and SMS banking services.


The institution was founded in 2003, as Jaiz International Plc. On 11 November 2011, Jaiz International received a license from the Central Bank of Nigeria, the national banking regulator, to operate as a regional bank. On 6 January 2012, the institution commenced business as Jaiz Bank Plc in offices and branches in Abuja, Kaduna and Kano.

In 2013, Jaiz Bank was in the process of expanding to urban centers in all states of the Federal Republic of Nigeria. In pursuit of that goal, the bank had received approval to increase shareholders’ capital from the then current value, to US$92.3 million (NGN:14.3 billion). In January 2013, print media reports indicated that, at that time, shareholder’s equity in the bank exceeded US$71 million (NGN:11 billion). The bank is expected to apply for a national banking license, once it meets its shareholders’ capital objectives.

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The stock shares of Jaiz Bank Plc, are privately held. Although the detailed shareholding remains largely unknown, the five major shareholder groups are depicted in the table below:

Jaiz Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Islamic Development Bank
2 Foreign Institutional Investors
3 Foreign Private Investors
4 Nigerian Institutional Investors
5 Nigerian Private Investors
Total 100.00

USSD Transfer code

To transfer funds from your Jaiz account, dial *389*301*Account number*Account# on your mobile device and follow the on-screen instruction(s) to complete your transaction.

Branch Network

Some of Jaiz Bank Plc maintains networked branches at the following locations, meanwhile, there are many more branches all across Nigeria including campuses:

  1. Head Office – 73 Ralph Shodeinde Street, Central Business District, Abuja
  2. Kano Branch One – 55A Tafawa Balewa Road, Off Murtala Mohammed Way, Kano
  3. Kaduna Branch – 11A Ali Akilu Road, Kaduna
  4. Gombe Branch – 8A New Market Road, Commercial Area, Gombe
  5. Maiduguri Branch – 18, Shehu Laminu Way, Opposite State Specialist Hospital, Maiduguri
  6. Kano Branch Two – 13 Bello Road, Kano
  7. Katsina Branch – 109, IBB Way, Kofar, Kaura, Katsina
  8. National Assembly Branch – National Assembly, White House Basement, Abuja
  9. Wuse Branch – 36 Douala Street, Erisco Bonpet Plaza, Zone 5 Wuse, Abuja
  10. Gusau Branch – 21 Canteen Road, Opposite CBN Building, Gusau
  11. Ikeja Branch – 119 Awolowo Road, Allen junction Ikeja
  12. Marina Branch – 2/4 davies street, ground floor, Marina Lagos
  13. Apapa Branch – 17 Wharf road, Opposite Eleganza Apapa
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