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Non-interest finance works on a profit sharing basis, where profits derived from permissible transactions are shared amongst the depositors and the bank’s shareholders

10 June 2015 Non-Interest Jaiz Bank Declares 157m Naira Profit

By Channels Television

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Nigeria’s foremost non-interest financial institution, Jaiz Bank Plc, has declared a profit before tax of 157 million Naira for the year 2014.

The achievement was disclosed on Wednesday by the Chairman of the Bank, Dr Umaru Abdul Muttalab, at the third Annual General Meeting of the bank in Abuja, Nigeria’s capital.

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