TAJBank, Nigeria’s foremost non-interest lender, on Tuesday finalised the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme.
The offering—coming nearly two years after the bank launched its inaugural N10 billion sukuk on the Nigerian Exchange in 2023—offers retail and institutional investors a fresh opportunity to invest in a shariah-compliant instrument, delivering a competitive annual return of 20.5%.
Specifically, the new issuance, 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.
