JAIZ BANK : QUARTER 5 - FINANCIAL STATEMENT FOR 2022

ANNUAL REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2022

JAIZ BANK PLC

Annual Report and Financial Statements

For the year ended 31 December 2022

Contents

OVERVIEW	page
Corporate Philosophy	1
Directors, Officers & Professional Advisors	2
Our People, Culture and Diversity	3-4
GOVERNANCE & STEWARDHIP
The Board	6-10
Advisory Committee of Expert	11
Management Team	12-14
Directors' Report	15-24
Corporate Governance Report	25-36
Corporate Responsibility for Financial Statements	37
Directors' Responsibilities	38
Customers' Complaints & Feedback	39-41
Whistleblowing report	42
Report of the Statutory Audit Committee	43
Advisory Committee of Expert Report	44-45
Financial Highlights	46
FINANCIAL STATEMENTS
Independent Auditor's Report	47-50
Statement of Financial position	51
Statement of comprehensive income	52
Statement of Changes in Shareholders' Equity	53-54
Statement of Cash flows	55
Statement of Sources and Uses of Qard Fund	56
Statement of Sources and Uses of Charity Fund	57
Notes to the Financial Statements	58-105
Other National Disclosures
Value Added Statement	106
Five Year Financial Summary	107-108

JAIZ BANK PLC

Annual Report and Financial Statements

For the year ended 31 December 2022

VISION - To be the clear leader in Ethical Banking in Sub-Saharan Africa

MISSION - Making life better through Ethical Finance

CORE VALUES

• Responsibility
• Entrepreneurship
• Simplicity
• Partnership
• Excellence
• Customer Focus
• Trust

BUSINESS PHILOSOPHY

To deliver world class Shari' ah-compliant nancial services to our clientele irrespective of social status, race or religious belief and to contribute to the socio-economic development of the society.

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JAIZ BANK PLC

Annual Report and Financial Statements

For the year ended 31 December 2022

DIRECTORS, OFFICERS & PROFESSIONAL ADVISERS
Alh. (Dr.) Umar Abdul Mutallab, FCA, CON	- Chairman
Alh. (Dr.) Aminu Alhassan Dantata, CON	- Non-Executive Director
Alh. Musbahu Muhammed Bashir	- Non-Executive Director
Alh. Mukhtar Danladi Hanga	- Non-Executive Director
H.R.H. Engr. Bello Muhammad Sani, OON	- Non-Executive Director
Mall. Falalu Bello, FCIB, OFR	- Non-Executive Director
Mr. Mohammed Seedy Njie	- Non-Executive Director
Alh. (Dr.) Umaru Kwairanga, F.IoD, FCS, FCIP	- Non-Executive Director
Alh. (Dr.) Muhammadu Indimi, OFR	- Non-Executive Director
Alh. Mamun Ibrahim Maude	- Non-Executive Director
Mrs. Aisha Waziri Umar	- Independent Director
Dr. Abdullateef Bello	- Independent Director
Dr. Sirajo Salisu Ph.D.	- Managing Director
Mr. AbdulFattah Olanrewaju Amoo, FCA	- ED, Business Development, South
Mal. Ahmed Alhaji Hassan	- ED, Services/CFO
Mal. Alhassan Abdulkarim	- ED, Business Development, North

COMPANY SECRETARY	CORPORATE HEAD OFFICE:
Mr. Shehu Mohammed	Jaiz Bank Plc.
FRC/2017/NBA/00000016416	Kano House No 73 Ralph Shodeinde Street,
Plot 1073 J.S. Tarka Street,
Area 3, Garki Abuja.
REGISTRAR AND TRANSFER OFFICE:
Africa Prudential Plc.
(Formerly UBA Registrars Plc.)
220B Ikorodu Road, Lagos.
INDEPENDENT AUDITOR
Deloitte & Touche
Civic Towers,
Plot GA1 Ozumba Mbadiwe Road,
Victoria Island, Lagos, Nigeria.

INVESTOR RELATIONS

Jaiz Bank Plc has a dedicated investors' portal on its corporate website which can be accessed via this link https://jaizbankplc.com/investor-relations/annual-report-and-accounts/

For further information please contact:

Jaiz Bank Plc.

Investor Relations Team [e-mail]

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JAIZ BANK PLC

Annual Report and Financial Statements

For the year ended 31 December 2022

OUR PEOPLE, CULTURE AND DIVERSITY

At Jaiz Bank PLC, we recognize the importance of having a diverse and inclusive workplace. We are aware that having a variety of viewpoints and experiences helps our business because it enables us to provide better service to our clients. We also acknowledge that it promotes a cooperative atmosphere in which dynamic idea exchange benefits everyone. It is essential to be able to collaborate with people who have a variety of values and cultures in today's very diverse workplaces. The guiding principles of an organization shape its culture. Employees wanted to experience a sense of belonging, of having their values recognized, appreciated, and understood. They must feel that their worries and ideas are being taken seriously. High levels of drive and momentum are fostered by those conditions, which also promote high levels of performance and job satisfaction.

At Jaiz Bank PLC, we encourage a diverse workplace where everyone is treated fairly regardless of gender, ethnicity, religion, nationality, or physical condition. We are better able to represent both the people we serve and the wider world thanks to this broad collection. But it achieves much more than that. Research shows that diversity in the workplace fosters innovation. Some cultures and ethnic groups value fierce competition and individualism. While some people value patience, a sense of community, and teamwork, others can cherish direct power and seclusion. Other cultures could be overly obedient to the ruler. When it comes to private matters, some cultures are highly reserved

Employees might not be aware of how drastically different their ideals are. Cultural homogeneity is not guaranteed by international law. It's important to maintain an open mind to variances and solicit the help of your personnel because it might be challenging to continue understanding the cultures within your firm.

In line with what we demand of our clients and partners, the Bank is committed to establishing herself as a pioneer among member organizations that include diversity and inclusion. This entails establishing a welcoming workplace where each worker can realize their full potential as well as luring, nurturing, and preserving a varied talent pool.

Promoting workforce diversity in the workplace is an important aspect of good people management. It is about valuing everyone in the organisation as an individual. However, to reap the benefits of a diverse workforce, its vital to have an inclusive environment where everyone feels able to participate and achieve their potential.

It may be a significant challenge to figure with people and cultures where others have values, beliefs and certain conventions that are distinctly different from yours. Differences can result in increased resistance to leadership and alter because others may not understand and trust you.

Although working in highly diverse and multicultural organizations comes with its unique challenges, it comes with many benefits, as well. There are few other such powerful experiences within which employees learn a lot about people and the systems and also about our self.

As at December 2022, the Bank currently employs 821 permanent employees, representing all genders, ages, nationalities, and Nigeria's six geopolitical zones. The diversity of Jaiz Bank's staff is summarized below.

The summary of Jaiz Bank's workforce diversity.
STAFF BY AGE CATEGORY
S/N	Age Category	No
1	Baby Boomers (56-75 Yrs)	4
2	Generation X (41-55 Yrs)	187
3	Millennials (26-40 Yrs)	627
4	Generation Z (18-25 Yrs)	3

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