• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

TAJBank Signs Agreement For N20bn Mudarabah Sukuk Bond Issuance

by Mark Itsibor
1 month ago
in Business
TAJBank
Share on WhatsAppShare on FacebookShare on XTelegram

TAJBank, Nigeria’s leading non-interest lender, on Tuesday signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme.

Advertisement

The latest investment initiative of the multiple award-winning non-interest lender, which is coming after about two years following the issuance of the first-ever N10 billion Sukuk bond on the Nigerian Exchange in 2023,  presents another opportunity for individuals and corporate investors to stake their funds in an ethical instrument with a competitive 20.5 per cent per annum return.

Specifically, the new Mudarabah Sukuk bond of TAJBank, which has secured all necessary regulatory approvals, is designed to offer a stable and ethical investment option to investors to participate in the bank’s profit-sharing ventures, and underscores TAJBank’s commitment to expanding access to innovative financial solutions and promoting financial inclusion in the country.According to the management of the bank, the new Mudarabah Sukuk bond is open to all investors, both individuals and corporates and the goal is to provide a reliable source of extra income, accessible from the comfort of your home.

Briefing journalists on the importance of the agreement signing ceremony, chairman of TAJBank, Alhaji Tanko Isiaku Gwamna, said: “The offer of the N20 billion Mudarabah Sukuk to the market is to avail members of the public an investment opportunity that aligns with ethical financial principles.

“As the Board and management of our bank demonstrated in the maiden issuance of the bank’s Sukuk, the offer of the new N20 billion Sukuk bond on the NGX will enable a wider range of investors to participate in our growth and benefit from our profit-sharing model,” he assured.

RELATED

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

6 hours ago
Seplat Wins Energy Times’ Corporate Governance Firm Of The Year

Delta State Lauds Seplat Energy’s Commitment To Host Communities

18 hours ago

He further advised interested investors to contact their financial advisors or visit www.tajbank.com for more information on the Sukuk and the listing processes.

Commenting on the historic pact between his company and TAJBank on the Sukuk bond issuance, CEO of the lead issuing house – AVA Capital Ltd, Kayode Fadahunsi, said: “We are very excited to be part of  TAJBank’s success story in the non-interest banking industry, which is being consolidated upon with the planned issuance of its N20 billion Mudarabah Sukuk in the NGX as part of its N100 billion programme.

“I want to assure investors that as was the case in the Bank’s maiden Sukuk bond listing on the Exchange, the bank’s management will surpass their expectations in terms of return on their investment and other benefits in this second outing”, Fadahunsi added.Investment analysts strongly believe that the N20 billion second tranche Mudarabah Sukuk bond issuance with a 20.5 per cent annual return is potentially among the best offer to investors seeking to diversify their investment portfolios and good returns on a sustainable basis.It would be recalled that TAJBank’s Founder/managing director, Hamid Joda had, during the beating of the Gong on the listing of the Bank’s maiden N10 billion Sukuk bond on the NGX in February 2023, which was oversubscribed by over 115 per cent, assured investors of good returns on their investments and the Board has been fulfilling the promise since then.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: TAJBank Limited
SendShareTweetShare
Previous Post

Tinubu Lauds Dangote Petroleum Refinery On Patriotism, Industrialisation

Next Post

African Economies Confront Budget Pressures As World Bank Projects Worse Downturn

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’
Business

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

2025/07/24
Seplat Wins Energy Times’ Corporate Governance Firm Of The Year
Business

Delta State Lauds Seplat Energy’s Commitment To Host Communities

2025/07/24
We Stand By Our Tariff Order – EERC
Business

Tariff Slash Didn’t Tamper With Generation Costs – Enugu Electricity Commission

2025/07/24
3 Years  Post-PIA: NMDPRA Just Engaging Stakeholders On HostCom Fund Regulations
Business

West Africa Targets Q4 To Sign Harmonised Refinery Regulatory Agreements – NMDPRA

2025/07/24
Analysts Laud UBA’s N1trn Market Capitalisation Milestone
Business

Elumelu Donates N25bn To ‘Produce For Lagos’ Initiative

2025/07/24
Shell Sees $6bn Oil, Gas Investment Opportunity In Nigeria  Agency Reports
Business

Zero Emissions: Shell Says It Won’t Halt New Oil Field Development

2025/07/24
Leadership Conference advertisement

LATEST

Ganduje Congratulates Successor APC Chair Yilwatda

Request For New Parties Registration Hit 144 — INEC

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

Nigeria To Host 2025 CAVB U18 Beach Volleyball Championship

1.3m People Risk Severe Hunger As UN Suspends Food Aid In North-East

Court Voids Sack Of 74 Staff Of Delta Polytechnic 

ASUU Kicks Against Renaming UNIMAID After Buhari, Mulls Lawsuit 

New APC Chairman Yilwatda Resumes Work, Pledges To Lead Party To Victory

NDLEA, NARTO Mull Drug Test For Drivers

JUST IN: Wrestling Legend Hulk Hogan Dies At 71

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.