Jaiz Bank
Jaiz Bank

Jaiz Bank, a non-interest (Islamic) financial institution, has introduced a five-year strategic plan to transform the bank and attain its set mission and vision.

Mr Hassan Usman, the Chief Executive Officer of the bank, said this in a statement in Abuja on Wednesday.

Usman said the plan would reposition the bank to make life better for its customers through ethical finance and for it to become the leader in ethical baking in sub-Saharan Africa.

He said the bank recently inaugurated a modern training centre in Zaria to train its staff on non-interest (Islamic) banking and finance.

The bank chief executive said the new strategy was aimed at positioning the bank to become a lead player non-interest banking by 2022.

He said in line with this, a set of strategic objectives had also been defined with various projects identified and ongoing targeted at enabling the bank to achieve its goals.

He said the changes were intended to bring about efficiency and effectiveness, while building the desired trust with customers.

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Usman listed some of the projects to include a new internet banking which would be rolled out to customers soon and the reopening of Jaiz MasterCard to customers intending to carry out foreign transactions.

Others are the upgrade of the bank’s IT infrastructure, banking application, to the latest IMAL Version 14 and deployment of a robust credit facility solution.

He said the credit facility would facilitate a seamless, automated and swift process for both the retail and corporate customers.

“Others that the bank is currently working on are the introduction of agency banking model, aggressive drive of financial inclusion programmes and the MSME models.

“The bank is working with its strategy consultants to ensure that the overall strategy is properly mapped to the various functions and with relevant initiatives to achieve the desired success.

“We are sure that with the execution of the above, we will be well positioned to deliver quality service, while giving our esteemed customers the deserved excellent experience,” he said.