TAJBank, one of Nigeria’s leading non-interest financial institutions, is set to raise N20 billion through a Mudarabah Sukuk bond as part of its N100 billion Sukuk program.
This move, aimed at boosting its Additional Tier 1 capital, is poised to fuel the bank’s business expansion.
CEO Hamid Joda revealed that this initiative, which comes two years after the successful issuance of a N10 billion Sukuk bond in 2023, offers an attractive 20.5% per annum return, making it a compelling opportunity for both individual and institutional investors.
The Mudarabah Sukuk bond promises ethical, stable investment returns and aligns with TAJBank’s commitment to financial inclusion and innovative solutions.
This bond allows investors to participate in the bank’s profit-sharing model, offering a unique chance to invest in a growing financial entity.
TAJBank’s listing on the Nigerian Exchange (NGX) broadens access to this ethical investment opportunity. Interested investors can learn more by visiting the bank’s official website or consulting their financial advisors.
