Ndic
2 articles tagged “Ndic”
Article•19 Sept 2026
Is Lotus Bank an Islamic Bank? (2026): Licence, Shariah Board and Products
Yes. Lotus Bank holds a CBN non-interest banking licence with national authorisation, has an Advisory Committee of Experts, and sells Mudarabah, Murabaha and Ijarah products. Who owns it and who can bank there.
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HalalWallet Editorial Team
Article•5 Aug 2026
NDIC Deposit Insurance and Non-Interest Banks in Nigeria (2026): What Is Actually Protected
Yes, deposits at Jaiz, TAJBank, Lotus, AltBank and Summit are NDIC-insured. What that means for Qard versus Mudarabah balances, microfinance depositors, and the July 2026 licence revocations.
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HalalWallet Editorial Team