Licensed by the Central Bank of Nigeria
Put your business cash to work the halal way — profit-sharing, not interest.
The TAJBank Mudarabah Business Deposit Account lets your company earn ethical profit on balances it already holds. You provide the capital, we invest it in Shariah-compliant activity, and profit is shared with you on an agreed ratio.
Takes about a minute. A relationship manager completes the account opening with you.
Before anything else: your money's safety
You are handing your business capital to a bank. Here is exactly who holds it and under what protections.
CBN licensed and regulated
TAJBank Limited operates as a licensed non-interest bank under the supervision of the Central Bank of Nigeria, with an independent Shariah advisory framework.
Deposit protection
Business deposits are held under Nigeria's deposit insurance arrangements (NDIC); coverage limits and conditions apply. [Assumption — verify with TAJBank.]
Scale you can check
Serving businesses across Nigeria through a growing branch and digital network since 2019. [Placeholder figures — replace with verified TAJBank data.]
Your data stays protected
This page collects contact details only. No BVN, NIN, RC number or financial documents are requested or stored here.
How Mudarabah profit-sharing works
Plain business terms: a partnership between your capital and our management, with the outcome shared.
- 1
Your business deposits funds
Your company is the capital provider (rabb-ul-mal). You decide how much operating cash or reserve to place in the account.
- 2
TAJBank invests them ethically
As the manager (mudarib), TAJBank deploys the funds into Shariah-compliant, real-economy activity. No interest-bearing instruments, no prohibited sectors.
- 3
Profit is shared on an agreed ratio
Any profit generated is split between your business and the bank on a ratio agreed up front — 60 : 40 (business : bank) in this illustration. Profit is shared, not guaranteed.
No interest is paid or charged. Under Mudarabah the return depends on the performance of the underlying investments, so profit is shared and is never guaranteed, fixed, or expressed as a rate.
An illustrative profit example
Move the slider to an approximate balance your business holds. This is a worked illustration of how profit-sharing could look — not an offer, quote, or rate.
- Balance
- ₦25,000,000
- Profit-sharing ratio
- 60 : 40 (business : bank)
- Illustrative shared profit
- ₦1,050,000
- over 12 months (about ₦87,500 a month)
Illustration only. Profit is shared under Mudarabah and is not guaranteed. Actual profit depends on the performance of the underlying investments and the agreed profit-sharing ratio. The ratio and underlying assumptions shown here are placeholders pending confirmation by TAJBank.
Why businesses choose this account
Fully non-interest and values-aligned
Every naira is deployed under Shariah-compliant contracts, reviewed by an independent advisory board. Your banking matches your principles.
Idle cash earns ethical profit
Reserves and float that sit flat elsewhere participate in real economic activity, with any profit shared with your business on the agreed ratio.
A named relationship manager
One person who knows your business, handles account opening and stays your point of contact afterwards.
Access to your funds
Built for working balances, with digital and branch access. [Withdrawal and notice terms are placeholders — confirm with TAJBank before launch.]
Access and terms, in plain language
The most common question we get is "will my money be locked away?" It will not. Here is how the account behaves day to day.
- Minimum opening balance
- ₦500,000 to open and maintain the account. [Placeholder — confirm with TAJBank.]
- When profit is shared
- Profit, where generated, is calculated on your average qualifying balance and credited monthly. [Placeholder — confirm frequency with TAJBank.]
- Access to your funds
- Your money is not locked away. Withdrawals are available through digital banking and branches; larger withdrawals may require notice. [Placeholder — confirm notice terms with TAJBank.]
- What it costs
- Standard account maintenance charges apply as published in the TAJBank tariff. There is no interest charged or paid on this account. [Placeholder — confirm tariff with TAJBank.]
Who this account is for
If your business looks like one of these, a relationship manager can take you through opening.
- Registered SMEs holding operating cash or reserves
- Trading, distribution and import businesses managing float
- Manufacturers and agro-processors with working capital cycles
- Professional services firms holding client or retainer balances
- Schools, clinics and NGOs with term-based funds
- Businesses already banked elsewhere adding a halal secondary account
Questions businesses ask us
Start your business account
Share your business and contact details. A TAJBank relationship manager will call you to complete account opening, KYC and verification.