TAJBank Limited has officially become Nigeria’s largest non-interest bank, achieving a remarkable milestone with total assets surpassing ₦1.017 trillion in the first half of 2025. This performance solidifies the bank’s leadership in the country’s fast-growing non-interest banking segment.

Reports from Nairametrics and BusinessDay reveal that TAJBank’s assets grew from ₦953.1 billion as of December 2024 an increase that placed it about ₦53 billion ahead of its nearest competitor in the non-interest banking space.

The bank’s gross earnings also surged to ₦53.75 billion, representing a robust 64% growth from ₦32.86 billion recorded at the end of 2024. Meanwhile, its earnings per share (EPS) climbed to ₦0.6136 (61.36 kobo), approximately 92% higher than that of its closest rival.

Industry experts say the strong showing highlights TAJBank’s growing dominance and the broader expansion of non-interest banking in Nigeria. Once viewed as a niche model, the sector has evolved into a competitive and profitable segment of the financial industry.

TAJBank’s management credited its success to innovative product offerings, a strong digital banking network, and adherence to ethical finance principles. The bank has also deepened its involvement in capital project financing through Sukuk instruments and collaborations with international development finance partners.

Established in 2019, TAJBank’s rise to industry leadership within just six years underscores the increasing appeal of interest-free financial solutions among Nigerian consumers and businesses. Analysts predict the bank’s growth trajectory will continue as more customers seek inclusive and Sharia-compliant banking options.