License was granted to Jaiz Bank Plc since 2010 to operate as an Islamic Bank in Nigeria. It established three branches in the states in northern Nigeria that are predominantly Muslims. All these years the effect of the Islamic bank has not been felt by Nigerians. This paper poised to survey the reason behind the less impact of the bank in Nigeria. The elites from Babcock University, a university in the Western part of Nigeria were surveyed through the use of questionnaire. Out of 90 pieces of questionnaire distributed, 81 were retrieved and analyzed using Statistical Package for Social Sciences (SPSS). Many lecturers did not understand the operations of Islamic banks neither were they aware of its existence. Many reasons why Islamic banks should be used were discovered. The survey identified some reasons why people might not like to patronize Islamic banks in Nigeria. The paper recommends, among others, that the proprietors of Islamic banks should endevour to create awareness of the existence and usefulness of Islamic banking.

License was granted to Jaiz Bank Plc since 2010 to operate as an Islamic Bank in Nigeria. It established three branches in the states in northern Nigeria that are predominantly Muslims. All these years the effect of the Islamic bank has not been felt by Nigerians. This paper poised to survey the ...