10 articles tagged “Comparison”
Four full non-interest banks, four very different institutions. Audited numbers, branch footprints, Shariah governance and fee structures compared side by side, with Summit Bank as the wildcard.
Same NDIC insurance, same BVN, same transfers. Different contracts, different balance sheets, different failure modes. A precise account of where Nigerian non-interest banking genuinely diverges.
The pioneer against the challenger: a trillion naira versus 84% growth, 51 branches versus 13,000 agents, home finance versus retail sukuk. Which fits which customer.
Both launched full non-interest operations within two years of each other, both court the fee-weary retail customer, and they fail in exactly opposite ways: Lotus hides prices, AltBank hides branches.
Every ranking of Nigerian Islamic savings accounts that quotes rates is making them up. Here is what can honestly be compared: structures, fees, access and governance, account by account.
Twenty SEC-registered Shariah funds manage over ₦130 billion. They differ widely on strategy, fees, lock-ins and Shariah governance. Here is the full comparison with verified terms.
All Nigerian PFAs must offer the non-interest Fund VI, but they run it very differently. We compare the 2024 returns of all ten reporting PFAs and profile the five in our database, with verified numbers.
You can own Nigeria's sovereign sukuk two ways: subscribe directly during DMO offers from ₦10,000, or buy a fund that holds them year-round. The trade-offs are real and the right answer depends on what you need.
Noor, Jaiz, Salam, Hilal and Crown hold Nigeria's takaful licences. Verified surplus records, wakala loads, scholar benches and digital claims stacks, compared honestly.
Third-party motor cover is now enforced with ₦250,000 fines, so you are buying something. Motor takaful matches conventional pricing where published, and adds a surplus conventional insurers keep.