TAJBank, a leading non-interest financial institution in Nigeria, is set to launch a N20 billion Mudarabah Sukuk bond to enhance its Additional Tier 1 capital, supporting its ambitious business expansion drive. This issuance forms part of the bank’s broader N100 billion Sukuk programme, aimed at providing ethical and profitable investment opportunities.
A New Era of Ethical Investment
Following the groundbreaking issuance of Nigeria’s first-ever N10 billion Sukuk bond on the Nigerian Exchange (NGX) in 2023, TAJBank is now preparing to offer another innovative investment vehicle. This new Mudarabah Sukuk presents a lucrative opportunity for both individual and institutional investors, delivering an attractive 20.5% annual return while adhering to ethical financial principles.
Investment Benefits and Profit-Sharing Model
The N20 billion Mudarabah Sukuk bond is designed to offer a stable, Shariah-compliant investment opportunity. Investors in this bond will partake in TAJBank’s profit-sharing ventures, reinforcing the institution’s commitment to financial inclusion and innovative financial solutions. With flexible participation options, this bond allows individuals and corporations to access a reliable income source from any location.
TAJBank’s Vision for Financial Growth
The terms and conditions of the Mudarabah Sukuk issuance are undergoing final regulatory approvals, ensuring compliance with financial authorities. The bank emphasizes that the investment is open to all, encouraging interested parties to leverage this opportunity to diversify their financial portfolios.
During a recent virtual press conference, TAJBank’s Founder and CEO, Mr. Hamid Joda, expressed enthusiasm about the upcoming bond issuance, stating:
“We are thrilled to introduce this Mudarabah Sukuk to the market, offering an ethical and rewarding investment alternative. Listing it on the NGX allows a broader range of investors to join our growth journey and benefit from our profit-sharing framework.”
How to Invest in TAJBank’s Mudarabah Sukuk
Prospective investors are advised to consult their financial advisors or visit TAJBank’s official website for further details on the Sukuk issuance and listing process.
Learn more about Sukuk investment principles
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