Jaiz bank rebrands, targets N150bn capital base

Nigeria’s foremost non-interest bank, Jaiz Bank has announced its rebranding as part of efforts to boost non-interest banking. The Managing Director of Jaiz Bank PLC, Haruna Musa, said the unveiling of the bank’s new corporate identity represents a fresh chapter in its journey as Nigeria’s pioneer non-interest financial institution. Speaking in Abuja on Tuesday, Musa […]

Nigeria’s foremost non-interest bank, Jaiz Bank has announced its rebranding as part of efforts to boost non-interest banking.

The Managing Director of Jaiz Bank PLC, Haruna Musa, said the unveiling of the bank’s new corporate identity represents a fresh chapter in its journey as Nigeria’s pioneer non-interest financial institution.

Speaking in Abuja on Tuesday, Musa described the rebrand as more than a cosmetic change, noting that it symbolises Jaiz Bank’s renewed commitment to ethical, inclusive, and customer-centred banking.

He further stated that Jaiz Bank Plc plans to raise its capital base to N150bn after confirming compliance with the Central Bank of Nigeria (CBN’s) recapitalisation directive.

He explained that the transformation involved a new logo, payoff line, and vibrant colour scheme, replacing the familiar green and gold with deep blue, yellow, and grey.

“Deep blue reflects trust and stability, yellow conveys optimism and innovation, while grey represents sophistication and balance,” Musa said.

The Jaiz Bank Chief stressed that while the bank’s outward expression is evolving, its foundation of Shariah-compliant principles remains unchanged.

He added that the new payoff line, “With You for Life,” reflects Jaiz Bank’s promise to support customers at every stage of their financial journey.

He said Jaiz Bank was recently ranked 12th among the Top 100 Strongest Islamic Banks Globally by The Asian Banker, ahead of institutions such as IBBL Bangladesh and HSBC Amanah Malaysia.

“These awards affirm the trust our customers and stakeholders have placed in us,” Musa said.

He noted that the rebrand signals the bank’s ambition to redefine ethical banking in Nigeria, Africa, and beyond.

Musa explained that the bank had already surpassed the regulatory minimum but was working to go beyond the threshold.

In fact, we are among the first few banks that have met the new capital requirement well ahead of the capitalisation deadline. Beyond meeting regulatory requirements, the shareholders also approved the capitalisation to the tune of N150 billion. Therefore, beyond meeting regulatory requirements, Jaiz Bank is now moving on to ensure that we bring in the additional N150 billion capital in the short and medium term.”