Jaiz Bank Total Assets Cross N1.2trn

In FY2025, Jaiz Bank Plc increased its sovereign sukuk investments by 40 per cent as its total assets surpassed ₦1.2 trillion, driven by balance sheet expansion and deposit growth.

The bank’s 2025 unaudited financial statements show that sukuk investments increased year-on-year to ₦489.49 billion from ₦349.56 billion in 2024, solidifying its position as a core strategic asset.

Jaiz Bank’s total key investment assets, including interbank placements, increased to ₦539.61 billion from ₦397.69 billion year-over-year due to the expansion.

Nigerian sovereign sukuk comprised the largest portion of the bank’s portfolio at ₦285.63 billion (58% of total sukuk holdings). The bank also held a substantial position in International Islamic Liquidity Management (IILM) sukuk, valued at ₦200.23 billion at year-end.

Jaiz Bank’s total assets rose to ₦1.287 trillion during the period, with sukuk investments accounting for nearly 38 per cent of the balance sheet.

The lender’s aggressive sukuk accumulation was largely supported by strong growth in low-cost customer current deposits, which increased by 47 per cent to ₦724 billion.

Financial disclosures indicated that the bank deployed approximately ₦139.93 billion into sukuk investments within the year, contributing significantly to the ₦151.64 billion net cash used in investing activities.

Investment activities generated ₦52.01 billion in income during the year, providing a major earnings buffer alongside ₦45.92 billion earned from financing contracts.

Jaiz Bank said sukuk income was recognised on a time-apportioned basis over the tenor of the instruments in line with Islamic finance principles.

The bank’s sukuk portfolio also maintained strong asset quality, with impairment allowance standing at just ₦451 million, representing roughly 0.09 per cent of the gross portfolio value.

Analysts said the heavy allocation to sovereign and highly rated Islamic instruments reflects Jaiz Bank’s strategy to strengthen liquidity management, reduce financing risk exposure, and secure stable halal income streams amid macroeconomic volatility.

The report further highlighted that the strategy contributed to the bank’s Profit After Tax of ₦31.04 billion and supported overall net income after provisions of ₦97.47 billion.

Jaiz Bank has continued to position itself as a major player in Nigeria’s growing Islamic finance market through increased participation in sovereign sukuk issuances and international Sharia-compliant liquidity instruments.