Earn 20.5% Annually from TAJBank’s Ethical Sukuk Offering

Yemi

— 2 min read
Earn 20.5% Annually from TAJBank’s Ethical Sukuk Offering

AssetBase is pleased to announce the listing of Taj Sukuk Issuance Programme SPV Plc’s ₦20 billion Series II Mudarabah Sukuk under its ₦100 billion Sukuk Issuance Programme. This Shariah-compliant investment presents a compelling opportunity for investors seeking strong returns and ethical alignment. The proceeds from this issuance will help strengthen TAJBank’s capital base and support its expansion within Nigeria’s growing non-interest financial sector.

About TAJBank and the Issuance

TAJBank Limited is Nigeria’s fastest-growing non-interest bank, licensed nationally and regulated by the Central Bank of Nigeria. As a pioneer in ethical banking, TAJ Bank offers inclusive financial solutions grounded in Islamic finance principles.

The Series II Sukuk is issued by Taj Sukuk Issuance Programme SPV Plc and is structured under the Mudarabah model, a profit-sharing partnership in which investors provide capital to a Mudarib (TAJBank) to undertake Shariah-compliant ventures. The instrument qualifies as Additional Tier 1 Capital under regulatory guidelines, with proceeds earmarked to support TAJBank’s balance sheet and enhance its service offerings.

TAJBank has received credit ratings of BBB+ from Agusto & Co. and A- from DataPro, validating its governance, financial strength, and growth prospects.

Why Invest in the TajBank Mudarabah Sukuk:

  1. Strong and Ethical Financial Partner: TAJBank is a leading force in Nigeria’s non-interest banking sector, recognised for upholding high ethical standards and robust corporate governance. With a consistent growth record, regulatory oversight from the Central Bank of Nigeria, and a focus on financial inclusion, TAJBank offers investors confidence, transparency, and alignment with purpose-driven values.
  2. Attractive Return and Profit-Sharing Model: The Sukuk offers a projected annual return of 20.5%, paid quarterly, making it one of the most attractive income-generating investment instruments currently available on the market. The Mudarabah structure ensures that investors share in the actual profits of TAJBank’s ventures, with a transparent and equitable 75% to 25% profit-sharing split—TAJBank receives 75% as Mudarib and investors 25% as capital providers.
  3. Shariah-Compliant and Perpetual Capital Instrument: This investment is structured to meet the requirements of Islamic finance, avoiding interest-based returns and speculation. It qualifies as Additional Tier 1 capital under banking regulations and is perpetual in nature, although. It is callable by TAJBank after five years, providing long-term potential with the possibility of early liquidity.
  4. Retail and Institutional Accessibility: Retail and Institutional Accessibility. With a low minimum investment threshold of just ₦10,000, this Sukuk is designed for both everyday investors and large institutions.

Offering Details

  • Issuer: Taj Sukuk Issuance Programme SPV Plc
  • Sponsor: TAJBank Limited
  • Asset Type: Mudarabah Sukuk
  • Series: II
  • Programme Size: ₦100 Billion
  • Current Offer Size: ₦20 Billion
  • AssetBase Allocation: ₦30 Million
  • Projected Annual Profit: 20.5%
  • Return Structure: Paid quarterly (every 3 months)
  • Profit Sharing Ratio: TAJBank – 75%, Investors – 25%
  • Minimum Investment: ₦10,000
  • Issue Price: ₦10,000 per unit
  • Tenor: Perpetual (Callable after 5 years)
  • Currency: Naira (₦)
  • Offer Opens: June 27th, 2025
  • Maturity Date: June 27th, 2030
  • Issuer Ratings: Bbb+ (Agusto & Co), A- (DataPro)

How to Invest:

  1. Log into your AssetBase account.
  2. Click on "TajBank Mudarabah Sukuk" under "Available Deals".
  3. Enter your investment amount (minimum of ₦10,000).
  4. Make payment via card or bank transfer.
  5. Receive confirmation and begin earning quarterly profits.

This listing represents more than just a high-yield opportunity. It enables investors to support inclusive finance while earning competitive returns. Subscribe to the TAJBank Mudarabah Sukuk today on AssetBase.

Important Notice:Returns are subject to a 10% Withholding Tax and a 2% processing fee, both of which are charged on the profit only.

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