Islamic bank to be launched in Nigeria by Aug ’11

Nigerian Jaiz International PLC is working to launch its banking operation by August 2011with technical support from the Islami Bank Bangladesh Limited (IBBL).
An agreement on technical services was signed between the IBBL and Jaiz Bank in the capital Friday in this connection.
The IBBL will make available suitable, qualified and experienced personnel required for the efficient operation of the business, develop capacity building programmes for the training and development of the workforce, design and implement appropriate procedures for all processes, transactions and products to ensure smooth operations of the proposed Nigerian bank.

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