The largest Islamic bank in Nigeria, Jaiz Bank has reported its highest profit in five years.

This was revealed in the bank’s 2022 financial statement submitted to the Nigerian exchange.

According to the statement, the bank’s profit after tax in 2022 rose to N6.9 billion 69% from N4.1 billion recorded in the previous year, LEGIT.NG reports.Information Guide Nigeria

Jaiz Bank also reported that its Pre-tax profit accelerated by 59.5 percent to N6.6 billion. The strong financial performance of the bank during the year(2022) also help increase gross earnings by 29.4 percent to N33.42 billion in 2022 from N25.84 billion in 2021.NYSC Portal

Other Top Stories:

• PoS Operators Refuse to Roll Back Withdrawal Charges
• Man sentenced to 3 years imprisonment for unlawful possession of pistol
• Iran: Students Who Flout Hijab Rules To Be Banned
• Twitter Merges Into Musk’s X Corp

The report showed the mode of operation, how profits and made and key information on why Christians also love the bank.

A comprehensive list of Islamic banks in Nigeria was unveiled, distinguishing between full-fledged non-interest banks and commercial banks that have a subsidiary Islamic bank, LEGIT.NG reports.JAMB Result