20/05/2025
List of Non-interest Banks in Nigeria
1. Jaiz Bank Plc
www.jaizbankplc.com
[email protected]
2. LOTUSBank
30A Adetokunbo Ademola Street, Victoria Island , Lagos.
www.lotusbank.com
0700 56887 2265
0700 0100 0000
3. Summit Bank Limited
No.5 Amal Pepple off Ameyo Adedovoh Way, Jahi, Abuja.
[email protected]
07007866482265
4. TAJBank Ltd.
Plot 72 Ahmadu Bello Way, Central Business District, Abuja, Nigeria
www.tajbank.com
[email protected]
+2349087937417
+2347008252265
5. The Alternative Bank
239 Ikorodu road, Ilupeju Lagos
[email protected]
02 017 000 555
6. SunTrust Bank Nigeria Ltd (Non Interst Bank Product)
https://suntrustng.com/nib-faq/
HEAD OFFICE
#1, Oladele Olashore Street, Off Sanusi Fafunwa Street, Victoria Island, Lagos State, Nigeria
02-01-2802143, 02-01-2802144
[email protected]
"Non-Interest banking operates on defining principles such as: interest prohibition in debt and exchange contracts; the prohibition of uncertainty or speculative behavior in business transactions; the prohibition of any form of gambling. It also prohibits funding of unethical concerns such as, alcohol, to***co, ammunition manufacturing and adult entertainment institutions; just to mention a few. Non-Interest Banks engage in partnership contracts, trading contracts, leasing contracts, and other financial services that conform to Islamic commercial jurisprudence."
