TAJBank Limited, one of Nigeria’s fastest-growing non-interest banking services providers, has won the Global Islamic Finance Award (GIFA) 2023 for its ‘Best Sukuk Deal of the Year 2023’, beating scores of other nominees in the competition.
This was even as the bank’s CEO/Founder, Mr. Hamid Joda, was also decorated with the ‘Most Promising CEO of the Year 2023’ insignia by the GIFA’s Awards Committee at the event held in Senegal, and witnessed by the country’s President, Macky Sall, and other global leaders and bankers.
Over the years, GIFA has recognised over 500 governments, individuals, and institutions, commending their significant contributions to the $4 trillion Islamic finance industry.
In his remarks, the bank’s CEO thanked the GIFA leadership for the global recognition, saying, “we are very grateful to the award organisers for recognition of the bank and my humble self for the GIFA 2023.”
“As we keep saying, these awards and several others TAJBank had received in the past three years will further encourage us to do more in surpassing the expectations of our growing customers in terms of quality products and services delivery for invaluable value-addition to them and their businesses,” Joda assured.
Also commenting on the GIFA 2023 awards, the non-interest lender’s Executive Director/Co-Founder, Mr. Sherif Idi, thanked, “the customers for their increasing confidence in TAJBank to offer them superior products and services with, in some cases, personalised touches to confirm to them that our only interest is the customers.”
The listing of TAJBank’s N10 billion Sukuk bond on February 13, this year on the Nigerian Exchange Group (NGX) enjoyed an unprecedented support from investors, recording over 30 per cent oversubscription.
Joda, had during the beating of the Gong’ formalising the listing of the bond on the Exchange, assured subscribers to the debt instrument its invaluable benefits, particularly its potential for good returns on their investments.
The GIFA Chairman, Prof. Humayon Dar, commended the winners for their hard work, persistence, and innovative strategies to still be able to make giant strides even in the economy they operate in.
The selection of winners for the 2023 competition by the GIFA was conducted by the GIFA with support from the Cambridge IFA, a financial services intelligence house which specialises in developing and utilising powerful cutting-edge analytical tools to test business data, assess macroeconomic indicators and understand market trends, leadership positioning and brand development relevant to the development of the financial systems.