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TAJBank

Made Today

بنك تاج

Nigeria's second non-interest bank, operating under Islamic banking principles and headquartered in Abuja; it received a regional licence from the Central Bank of Nigeria on 3 July 2019 and opened on 2 December 2019.

Depth

At a glance

Region
West Africa & Sahel
Identifiers
Wikidata

Trade and financeThe halal economy

In the Modern Islam Browser

Modern Islam BrowserEnterprise, brands and finance2019Nigeria

Footprint

On Wikipedia in:enha (read on 2026-11-07)

Wikidata:Q97516275

Summary

TAJBank Limited is Nigeria's second non-interest bank, operating under Islamic banking principles and headquartered in Abuja, the capital. 1

Origins

It was founded in 2019; on 3 July 2019 it received a Central Bank of Nigeria licence to operate as a regional bank, and on 2 December 2019 it began business with offices and branches in Abuja. 1 It opened its second branch, in Kano, on 12 December 2019 as it expanded to other cities. 1

Sukuk

In 2020 it took part in announcing an issue of N150 billion in Nigerian government sukuk. 1

References

  • English Wikipedia, "TAJBank", revision 1376869804. 1

People and things also explored

Islamic banks and conventional banks — the difference, the doubts and the performance· Abu Dhabi Islamic Bank· Alrajhi Bank· Alinma Bank· Bank Albilad· Dubai Islamic Bank· Dukhan Bank· Emirates Islamic

Sources

  1. TAJBank — English Wikipedia
  • Wikidata
Cite this page

islam.museum contributors. “TAJBank”. islam.museum, https://islam.museum/en/listing/tajbank/. CC BY-SA 4.0. Last updated 2026-11-07.

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Islamic banks and conventional banks — the difference, the doubts and the performance

The two 'Al-Wasatiyya' episodes on Islamic banks. In the first, 56% of the studio audience said they could not define riba, 79% that they knew nothing of the murabaha, mudaraba, tawarruq and salam contracts, and they split into thirds on whether Islamic banks are free of doubt; in the second, 65% chose to buy by murabaha from an Islamic bank, 57% thought abolishing riba impossible while the world economy runs on interest, and 49% judged Islamic banks' social role weaker. The guests agreed that conventional bank interest is riba and differed over the existing Islamic banks.