TAJBank, Nigeria’s leading non-interest bank, is set to raise ₦20 billion through a Mudarabah Sukuk Bond as part of its broader ₦100 billion Sukuk programme. This strategic move aims to bolster the bank’s Additional Tier 1 capital, supporting its business expansion and financial inclusion initiatives.

Building on the success of its ₦10 billion Sukuk Bond issuance in 2023, this latest offering presents a unique ethical investment opportunity for individuals and institutions, with a competitive return of 20.5% per annum.

What Investors Should Know

The Mudarabah Sukuk Bond is designed to provide a stable, ethical, and high-yield investment option. Investors will have the opportunity to participate in TAJBank’s profit-sharing model, reinforcing the bank’s mission to offer innovative and Shariah-compliant financial solutions.

According to the bank’s management, the issuance terms and conditions are in the final regulatory approval stage. Once approved, the Sukuk will be open to both individual and corporate investors, offering a convenient and reliable income source accessible from anywhere.

TAJBank’s CEO Speaks on the Sukuk Issuance

Commenting on the upcoming ₦20 billion Sukuk Bond listing on the Nigerian Exchange (NGX), TAJBank’s Founder and CEO, Mr. Hamid Joda, said:

“We are excited to bring this Mudarabah Sukuk to the market, offering a compelling investment opportunity that aligns with ethical financial principles.

This listing on the NGX will enable a wider range of investors to participate in our growth and benefit from our profit-sharing model.”

How to Invest in the TAJBank Sukuk

TAJBank encourages interested investors to reach out to their financial advisors or visit www.tajbank.com for detailed information on the Sukuk offering and listing process.

This move reaffirms TAJBank’s commitment to expanding access to ethical investment instruments and promoting financial inclusion in Nigeria.