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Tag: JAIZ Bank

  • Jaiz Bank becomes global liquidity primary dealer

    Jaiz Bank becomes global liquidity primary dealer

    Jaiz Bank has signed an agreement with the International Islamic Liquidity Management Corporation (IILM), becoming the first financial institution in Africa to join the global network of IILM’s primary dealers.

    The agreement was formalised during the liquidity management capacity building conference organised by the Central Bank of Nigeria (CBN) and IILM in Abuja.

    IILM is an international organisation that issues high-quality, short-term, Shariah-compliant liquidity instruments that are widely accepted by regulators and central banks across the world.

    Managing Director, Jaiz Bank Plc, Dr. Haruna Musa, described the development as a major step for the institution. “This milestone is historic, as Jaiz Bank becomes the first financial institution in Africa to be admitted into the IILM’s global network of primary dealers,” he said.

    Primary dealers serve as key intermediaries in financial markets, buying and selling liquidity instruments directly from the IILM and helping to maintain an active and stable market environment. Their role supports the implementation of monetary policy, ensures liquidity and provides market intelligence to the IILM.

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    Haruna noted that joining the network would give the bank access to some of the most reputable liquidity management instruments available in the global Islamic finance space. “The onboarding positions Jaiz Bank to access world-class liquidity management instruments with strong credit quality,” he said.

    He added that the partnership would strengthen the bank’s financial buffers. According to him, the agreement would deepen Jaiz Bank’s balance sheet resilience and improve its risk management capacity.

    Haruna further stated that the new status would “enhance its regional and international visibility within the Islamic finance ecosystem,” while also helping to “strengthen its long-term collaboration with the CBN, IILM, ICD, and other global Islamic finance institutions.”

    He said the achievement reflects the bank’s long-term vision. “This accomplishment aligns fully with the board and management strategic aspiration to elevate Jaiz Bank into a leading institution in Africa’s Islamic finance landscape, while supporting the Bank’s growth trajectory and capital-market activities.”

    He expressed appreciation to the CBN, IILM leadership, and the bank’s board and staff for their support in achieving the feat.

  • Jaiz Bank joins IILM as primary dealer

    Jaiz Bank joins IILM as primary dealer

    Jaiz Bank has signed an agreement with the International Islamic Liquidity Management Corporation (IILM), becoming the first financial institution in Africa to join the global network of IILM Primary Dealers.

    The agreement was formalised during the CBN–IILM Liquidity Management Capacity Building Conference held recently in Abuja.

    In a statement issued on Sunday, the Managing Director and Chief Executive Officer of Jaiz Bank, Dr. Haruna Musa, described the development as a major step for the institution. “This milestone is historic, as Jaiz Bank becomes the first financial institution in Africa to be admitted into the IILM’s global network of primary dealers,” he said.

    Primary dealers serve as key intermediaries in financial markets, buying and selling liquidity instruments directly from the IILM and helping to maintain an active and stable market environment. Their role supports the implementation of monetary policy, ensures liquidity, and provides market intelligence to the IILM.

    Dr. Haruna noted that joining the network would give the bank access to some of the most reputable liquidity management instruments available in the global Islamic finance space. “The onboarding positions Jaiz Bank to access world-class liquidity management instruments with strong credit quality,” he said.

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    He added that the partnership would strengthen the bank’s financial buffers. According to him, the agreement would deepen Jaiz Bank’s balance sheet resilience and improve its risk management capacity.

    Dr. Haruna further stated that the new status would “enhance its regional and international visibility within the Islamic finance ecosystem,” while also helping to “strengthen its long-term collaboration with the CBN, IILM, ICD, and other global Islamic finance institutions.”

    He said the achievement reflects the bank’s long-term vision. “This accomplishment aligns fully with the board and management’s strategic aspiration to elevate Jaiz Bank into a leading institution in Africa’s Islamic finance landscape, while supporting the Bank’s growth trajectory and capital-market activities.”

    The Jaiz Bank chief also expressed appreciation to the Central Bank of Nigeria, the IILM leadership, and the bank’s board and staff for their support in achieving the feat.

    The IILM is an international organisation that issues high-quality, short-term, Shariah-compliant liquidity instruments that are widely accepted by regulators and central banks across the world.

  • GCR Ratings upgrades Jaiz Bank’s credit rating on strong fundamentals

    GCR Ratings upgrades Jaiz Bank’s credit rating on strong fundamentals

    GCR Ratings had upgraded its credit rating for Jaiz Bank Plc after a review of the bank’s fundamentals. 

    The rating agency raised the bank’s national scale long-term issuer rating from BBB-(NG) to BBB (NG), with the outlook revised from Positive to Stable.

    Managing Director, Jaiz Bank Plc, Dr. Haruna Musa, described the rating upgrade as a significant achievement that reflects the bank’s financial strength and growing market position.

    “We are pleased to announce that GCR Ratings has upgraded Jaiz Bank Plc’s national scale long-term issuer rating from BBB-(NG) to BBB(NG). This milestone reaffirms our focus on deepening financial inclusion, driving innovation, and upholding the principles of ethical, Shariah-compliant banking,” Musa said.

    He explained that the new rating demonstrated confidence in the bank’s strong financial performance, sound risk management practices, and consistent improvement in balance sheet quality and profitability.

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    “The recognition consolidates Jaiz Bank’s leadership as Nigeria’s pioneer non-interest bank. We remain committed to creating sustainable value for all stakeholders and contributing to the growth of the Nigerian economy,” Musa said.

    He also acknowledged the role of the bank’s board, management, staff, customers, regulators, and stakeholders, noting that their trust and support were instrumental in achieving the latest milestone.

    He pointed out that Jaiz Bank, established in 2012 as Nigeria’s first non-interest bank, has continued to expand its operations across the country, offering Shariah-compliant products and services aimed at promoting financial inclusion.

    The rating upgrade came on the heels of recent conferment of world’s “Most Progressive Islamic Bank 2025” on Jaiz Bank by the Global Islamic Finance Awards (GIFA).

    Announcing the award, Chairman, GIFA Awards Committee, Prof. Humayon Dar said Jaiz Bank was chosen after careful review of several distinguished nominees in the category.

    Dar said the committee’s choice was guided by considerable deliberation based on the “GIFA Methodology” and the conclusion came in favour of Jaiz Bank Plc.

    Dar described the award as a “huge achievement and accolade”, underlining the growing importance of Jaiz Bank in the global Islamic finance market.

    GIFA is a globally recognised platform that honours governments, institutions, and individuals who have made outstanding contributions to the growth and sustainability of Islamic banking and finance within the international financial system. Over the years, the awards have grown into one of the most respected and sought-after recognitions in the industry worldwide.

  • Jaiz Bank wins global honour as most progressive Islamic bank

    Jaiz Bank wins global honour as most progressive Islamic bank

    Nigeria’s pioneer non-interest bank, Jaiz Bank Plc has been awarded as “Most Progressive Islamic Bank 2025” by the Global Islamic Finance Awards (GIFA).

    Announcing the award, Chairman, GIFA Awards Committee, Prof. Humayon Dar said Jaiz Bank was chosen after careful review of several distinguished nominees in the category.

    Dar said the committee’s choice was guided by considerable deliberation based on the “GIFA Methodology” and the conclusion came in favour of Jaiz Bank Plc.

    Dar described the award as a “huge achievement and accolade”, underlining the growing importance of Jaiz Bank in the global Islamic finance market. 

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    Managing Director, Jaiz Bank Plc, Dr. Haruna Musa said the award was  not only a recognition of the progress made by the bank but also a motivation to continue setting new standards in Islamic finance, both in Nigeria and globally.

    “At Jaiz Bank, we remain committed to driving innovation, deepening financial inclusion, and upholding the principles of ethical, Shariah-compliant banking,” Musa said.

    He dedicated the award to the staff, customers, and stakeholders of the bank.

    “This achievement reflects the collective dedication of our Board, Management, and Staff, as well as the unwavering trust of our valued customers and stakeholders,” Musa said.

    GIFA is a globally recognised platform that honours governments, institutions, and individuals who have made outstanding contributions to the growth and sustainability of Islamic banking and finance within the international financial system. Over the years, the awards have grown into one of the most respected and sought-after recognitions in the industry worldwide.

  • Jaiz Bank named most progressive Islamic bank 2025

    Jaiz Bank named most progressive Islamic bank 2025

    Jaiz Bank Plc has been named the Most Progressive Islamic Bank 2025 by the Global Islamic Finance Awards (GIFA).

    The announcement was made by the GIFA Awards Committee, with its Chairman, Prof. Humayon Dar, praising the Bank’s achievements.

    “It gives me immense pleasure to inform you that Jaiz Bank Plc has been chosen to receive the Most Progressive Islamic Bank 2025 Award,” Prof. Dar said.

    According to him, the Committee carefully reviewed several distinguished nominees before deciding in favour of Jaiz Bank based on the GIFA Methodology.

    Receiving the award on behalf of the Bank, Dr. Haruna Musa, Managing Director and Chief Executive Officer of Jaiz Bank, dedicated the recognition to the staff, customers, and stakeholders of the institution.

    Read Also: Jaiz Bank rewards 148 pioneer staff

    “This achievement reflects the collective dedication of our Board, Management, and Staff, as well as the unwavering trust of our valued customers and stakeholders,” Dr. Musa said.

    He further noted that the honour would spur the Bank to deepen its role in Nigeria’s financial system. “At Jaiz Bank, we remain committed to driving innovation, deepening financial inclusion, and upholding the principles of ethical, Shariah-compliant banking. This award is not only a recognition of our progress but also a motivation to continue setting new standards in Islamic finance, both in Nigeria and globally,” he stated.

    The Global Islamic Finance Awards are internationally recognised for celebrating outstanding contributions to the growth and sustainability of Islamic banking and finance. Over the years, the platform has become one of the most respected benchmarks in the global financial industry, acknowledging governments, institutions, and individuals that champion Islamic finance.

  • Jaiz Bank rewards 148 pioneer staff

    Jaiz Bank rewards 148 pioneer staff

    Managing Director, Jaiz Bank, Dr Haruna Musa,  has highlighted the values of hard work , diligence and the dedication of pioneer workers of the organization in achieving the legacies so far consolidated in the sector.

    Musa disclosed this while commending the 148 pioneer staff staff who have spent over ten years in the financial institution.

    He praised them for their  loyalty, dedication, and commitment to the noble vision of our bank.

    Musa said: “ This event is very close to my heart because it recognizes the people who have been part of the Jaiz Bank story for 10 years and more.”

    You are our pioneers, our ambassadors, and the true custodians of the values that have shaped us into the institution we are today.

    “This event is very close to my heart because it recognizes the people who have been part of the Jaiz Bank story for 10 years and more. You are our pioneers, our ambassadors, and the true custodians of the values that have shaped us into the institution we are today.

    “When you first joined this Bank, the journey of non-interest banking in Nigeria was still in its early stages. Many doubted if it could succeed. But through your resilience, sacrifice, and unwavering belief, you helped to turn what once seemed like a dream into a reality that is now positively touching millions of lives.

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    “A decade of service is not just about the passage of time; it is about consistency, about showing up every day with dedication, about going the extra mile when the odds are against you, and about contributing your talent to a cause bigger than yourself. And for those who have spent even longer, your legacy is written into every milestone this Bank has achieved.

    “. You have given your time, your expertise, and your passion to build this institution. Without your commitment, we would not be standing here today as the leading non-interest Bank in Nigeria.

    “As we celebrate you, I also want to assure you that Jaiz Bank will continue to be a place where hard work is recognized, where values are rewarded, and where together we will keep making history. The future holds even greater promise, and I am confident that with your continued dedication, we will achieve even more remarkable success.

    “Thank you for your service. Thank you for believing in Jaiz Bank. You are the pillars on which we continue to build.”

  • Jaiz Bank’s shareholders approve N3.2b dividend

    Jaiz Bank’s shareholders approve N3.2b dividend

    Shareholders of Jaiz Bank Plc yesterday approved a dividend payout of N3.2 billion, translating to seven kobo per share, following a year of what the bank described as “strong financial performance and significant balance sheet growth.”

    The approval was given at the bank’s 2024 Annual General Meeting (AGM) held in Abuja yesterday.

    Speaking to journalists after the meeting, Managing Director of the bank, Dr. Haruna Musa, described the performance as a testament to the resilience of Jaiz Bank’s business model and the confidence reposed in it by shareholders, customers, and stakeholders.

    “Our performance reflects not only the resilience of our business model but also the trust and confidence reposed in us by our shareholders, customers, and stakeholders,” Dr. Musa stated.

    Providing details of the bank’s financial results, he disclosed that gross earnings rose by 75 percent to N82.87 billion in 2024, compared to N47.24 billion in 2023. Total assets grew by 86 percent, reaching N1.08 trillion from N580 billion in the previous year, marking a significant milestone as the bank crossed the N1 trillion asset threshold.

    Profit before tax climbed 121 percent to N24.44 billion, up from N11.05 billion in 2023. Musa added that operational efficiency improved as the bank’s Cost-to-Income Ratio dropped to 60.42 percent from 65.26 percent.

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    Customer deposits expanded by 94 percent to N904 billion, which he said reflected increasing public confidence in the bank. The Capital Adequacy Ratio also strengthened to 23.87 percent, compared to 17.96 percent a year earlier, while net risk assets and investments surged 88 percent to N671 billion. In addition, the Statutory Liquidity Ratio rose to 47.35 percent from 37.24 percent.

    “These achievements underscore our unwavering commitment to delivering sustainable value, promoting ethical banking, and supporting Nigeria’s economic development,” Musa said.

    Looking ahead, the managing director unveiled the bank’s expansion plans, disclosing that Jaiz Bank currently operates about 55 branches across the country. “Our plan in the next one year is to enhance our branch network and other outlets to exceed the 100 mark. The strategic plan in the next five years is to ensure that Jaiz Bank is present in each state of the federation and in all the major business areas of Nigeria,” he explained.

    He added that the bank will continue to prioritize financial inclusion and technological innovation to improve customer experience. “We remain committed to deepening financial inclusion, leveraging technology to serve our customers better, and ensuring that Jaiz Bank continues to set the benchmark for non-interest banking in Africa,” Musa said.

    The dividend approval and performance review come as Jaiz Bank consolidates its position as Nigeria’s premier non-interest bank, reinforcing its role in driving ethical banking and contributing to the country’s broader economic growth.

  • Jaiz Bank targets N100bn capital base in 2026

    Jaiz Bank targets N100bn capital base in 2026

    Jaiz Bank Plc has announced plans to raise its capital base to a minimum of N100 billion within the next one year, after already meeting the Central Bank of Nigeria’s (CBN) current N20 billion capital requirement ahead of schedule.

    The Managing Director/Chief Executive Officer of the bank, Dr. Haruna Musa, disclosed this during a press briefing in Abuja on Tuesday at the unveiling of the bank’s new corporate identity.

    “In the next one year, the plan of the bank is to ensure that we raise our capital to a minimum of 100 billion,” Musa said. “In the next three years, the plan of the bank is to raise our capital to a minimum of 200 billion. So, we will recapitalise Jaiz Bank beyond the minimum regulatory requirement.”

    At the event, the bank unveiled a new corporate logo with a new payoff line of ‘With You For Life’. According to Musa, the rebranding was more than cosmetic.

    “This event goes beyond a ceremonial rebrand. It reflects our deliberate effort to refresh our identity, modernise our platforms, and reaffirm our commitment to ethical, inclusive, and customer-focused banking,” he said.

    On digital innovation, Musa revealed that the bank will soon launch an upgraded mobile application with advanced features, including WhatsApp banking.

    “WhatsApp banking is something that is still fairly new in this country. Through WhatsApp, you can do all the transactions you would like, including the printing of your bank statement for various purposes such as visa applications,” he explained.

    The bank also announced plans to relaunch its Naira MasterCard for international transactions from September 1st, in partnership with MasterCard International. Musa noted that customers have long awaited the return of seamless cross-border payments.

    “So many Nigerians are excited about the fact that the good days are here again, where you can travel with your card and do your transactions abroad. We’re also happy to inform the general public that Jaiz Bank, in partnership with MasterCard International, we are about to relaunch our Jaiz Naira MasterCard effective from September 1st,” he stated.

    Speaking on expansion, Musa confirmed that Jaiz Bank is considering regional growth across Africa, noting that engagements are ongoing with regulators and central banks in countries such as Ghana and Sierra Leone. “Our mission is beyond Nigeria. If our mission is to be the top in Africa, then obviously, we have regional expansion plans. We have been getting invitations from so many countries. Any time soon, honestly, we will see Jaiz Bank coming up across different areas in Africa,” he said.

    On domestic growth, the Jaiz Bank CEO announced a renewed focus on small and medium-sized enterprises (MSMEs), saying that the bank would make it easier for entrepreneurs to access financing.

    “The re-launching of the MSME programme will make it easier for certain enterprises to access financing without much cost. Honestly, our goal is not making a profit. It is focused on making an impact on our society,” he said. He added that the bank’s current financing portfolio exceeds N500 billion, with a target of between N1 trillion and N1.8 trillion in the next three years.

    Read Also: Jaiz Bank doubles net profit to N23.5b

    Musa also provided an update on the bank’s financial performance since he assumed office in 2023. According to him, the balance sheet has grown from N420 billion to over N1.2 trillion. He said deposits now stand at N2.2 trillion. Profitability has also improved, with profits increasing from N6 billion at the start of reforms to N24 billion last year, and N26 billion so far in 2025.

    He also noted a significant rise in the bank’s share price. “When we started these reforms, our share price was 1 Naira in December 2023. As of yesterday, our share price was 5 Naira,” Musa disclosed.

    Looking ahead, the bank said its strategy will continue to focus on inclusive banking that reaches every segment of society, guided by its Shariah-compliant principles. “We believe the journey has just started. With our vision of a new identity, we will be able to attain more and contribute to the growth of this country,” Musa said.

  • Jaiz Bank doubles net profit to N23.5b

    Jaiz Bank doubles net profit to N23.5b

    • Indimi, Kolawole join board

    Nigeria’s pioneer non-interest bank, Jaiz Bank Plc has recommended 75 per cent increase in dividend payouts as net profit doubled to N23.48 billion in 2024.

    Key extracts of the audited report and accounts of Jaiz Bank Plc for the year ended December 31, 2024 released at the Nigerian Exchange (NGX) showed significant growths across all key performance indicators with net profit rising by 109 per cent from N11.05 billion in 2023 to N23.48 billion in 2024.

    Gross earnings rose by 86.5 per cent to N82.87 billion in 2024 from N47.24.4 billion in 2023. Income from financing contracts moved from N17.1327.36 billion in 2023 to N32.04 billion in 2024. Income from investment activities grew significantly to N44.36 billion in 2024 from N17.16 billion reported in 2023.

    The board of the bank recommended increase in dividend per share from 4.0 kobo in 2023 to 7.0 kobo for the 2024 business year.

    The balance sheet of the bank emerged stronger with total assets exceeding the N1 trillion mark to N1.08 trillion in 2024, a significant increase of 86.3 per cent from N580.13 billion declared in 2023. The 86.3 per cent growth in Jaiz Bank’s total assets was driven by primarily by N349.6 billion investment in Sukuk in 2024, a growth of 129.7 per cent from N152.2 billion in 2023 and N493.6904.79 billion customer current deposits in 2024 as against N466.57224.46 billion in 2023.

    Underlying ratios showed improved profitability and operating efficiency, with Jaiz Bank’s return on equity (ROE) closing 2024 at 34.21 per cent from 28.12 per cent in 2023 while return on assets (ROA) stood at 2.26 per cent in 2024 from 1.91per cent in 2023.

    Jaiz Bank’s Capital Adequacy Ratio (CAR) stood at 23.87 per cent in 2024 from 17.96 per cent in 2023, while liquidity ratio (LR) moved from 37.24 per cent to 47.35 per cent in 2024.

    Managing Director, Jaiz Bank Plc, Dr Haruna Musa, said the bank has been well-positioned to compete effectively on all fronts and meet customers’ needs through fair and ethical financing.

    According to him, despite the challenging operating environment, the bank continues to enhance its performance across all indices, recording significant growth in both financial and non-financial metrics.

    Read Also: Jaiz Bank achieves CBN’s capital base

     “We remain on track to become the leading ethical bank in Africa. We will continue to focus on strengthening our relationships with our customers while attracting new ones, supporting not just individuals and businesses but also our communities through digital platforms and innovative products and services.

     “We are confident in our journey to lead the future of ethical finance in Africa and will not relent in our commitment to excellence while delivering long-term value to all stakeholders,” Musa said.

    Meanwhile, the board of the bank has appointed Ahmed Mohammed Indimi as a Non-Executive Director, and Nike Kolawole as an Independent Non-Executive Director.

    The bank stated that the appointments were made to enhancing its leadership with professionals; experienced individuals with track record of ethical and strategic engagement.

    Indimi, a respected entrepreneur and business executive in Nigeria’s energy sector, currently serves as the Director and Head of Crude Marketing at Oriental Energy Resources, where he leads commercial operations; oversees crude sales strategy; negotiates pricing frameworks; and fosters client relationships.

    His leadership in the sector reflects a strong blend of technical understanding, commercial insight, and stakeholder engagement.

    He holds a Bachelor’s degree in Information Technology (Internet Security) and an MBA from the American InterContinental University, Atlanta, after completing his foundational studies at Global International College, Lagos.

    Indimi brings on the board of Jaiz Bank a unique perspective shaped by hands-on experience in one of Nigeria’s most strategic sectors. His appointment supports the Bank’s ambition to deepen industry expertise on the Board and broaden its vision of ethical banking in alignment with national development objectives.

    The bank noted that Kolawole’s appointment, duly approved by the Central Bank of Nigeria (CBN) reflected the bank’s continued commitment to strengthening its governance, enhancing expertise in ethical finance, and accelerating its growth trajectory.

    According to the bank, Kolawole’s experience included successful tenures at leading international institutions such as Merrill Lynch, Citibank, Goldman Sachs, and Credit Suisse, where she served as Vice President, overseeing asset management, credit risk, and Eurobond issuances across global markets.

    In 2007, she joined the Nigerian National Petroleum Corporation (NNPC), where she rose through key finance roles to become Group General Manager, LNG Investment Management Services. Over her tenure, she led critical project financing efforts and helped reposition Nigeria in the global LNG market, including landmark transactions such as the award-winning 2012 RDP Funding deal.

    Kolawole holds a Bachelor’s degree in Economics from Suffolk University, Boston, and an MBA from Durham University Business School, UK. She is also a registered member of the UK’s Securities and Futures Authority (now FCA).

    “Her appointment brings to Jaiz Bank a rare combination of investment banking acumen, deep sectoral knowledge in project and infrastructure finance, and a proven track record of capital mobilization and stakeholder engagement at the highest levels of industry,” the bank stated.

    Chairman, Jaiz Bank Plc, Mohammed Mustapha Bintube, expressed delight at the appointment of Indimi, noting that his commercial acumen, sectoral knowledge, and long-term view on investment and governance would be a great asset as we continue our mission to lead in non-interest banking and value-based financial services in Nigeria.

    He said: “We are honoured to welcome Nike Kolawole to the Board of Jaiz Bank. Her exceptional expertise, integrity, and strategic insight will be invaluable as we continue to drive our mission of providing ethical, inclusive, and value-based banking in Nigeria and beyond.”

  • Jaiz Bank votes N10b to boost tour operators

    Jaiz Bank votes N10b to boost tour operators

    Nigeria’s pioneer non-interest bank, Jaiz Bank Plc has set aside a N10 billion facility for tour operators in Nigeria.

    Managing Director, Jaiz Bank Plc, Dr. Haruna Musa, said the credit facility was designated particularly for tour operators in the Hajj and Umrah segment with a view to enhancing pilgrims’ experience.

    Musa, who spoke at the 2nd National Hajj Stakeholders Summit in Abuja, said the facility was accessible to operators at any Jaiz Bank branch.

    He reiterated the bank’s commitment to supporting the pilgrims’ effort to meet their Hajj obligations, assuring that the bank would continue to provide funds to ease Hajj and Umrah operations.

    He praised the National Hajj Commission (NAHCON) for giving Jaiz Bank the opportunity to participate in the Hajj Savings Scheme (HSS).

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    He said the the bank would continue to enhance the value of pilgrims’ savings through the scheme.

    He added that the bank’s deliberate move to collect Hadaya payments in Naira was aimed at reducing the financial burden on pilgrims, urging them to take advantage of the opportunity.

    Vice President Kashim Shettima commended Jaiz Bank for collecting Hadaya payment in Naira, saying that the initiative would ease the pilgrims’ affairs in the holy land.

    Represented by Alhaji Bashir Maidugu, Shettima congratulated the organisers of the summit and urged stakeholders to ensure that Nigerian pilgrims enjoy a reduction in their Hajj fare.

    Chairman, National Hajj Commission (NAHCON), Prof. Abdullahi Saleh Usman, assured participants of the Commission’s support to sustain Hajj financing in the country.