cbe

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.9124
,
DKK
7.511
7.6612
,
DJF
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.3952
35.0831
,
SDR
,
ZAR
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496

awash

USD
56.9888
58.1286
,
EUR
61.9126
63.1509
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
CAD
37.8309
38.5875

abyssinia

GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
EUR
61.9126
63.1509
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265
,
NOK
4.8161
4.9124
,
SEK
5.3298
5.4364

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.8021
42.6381
,
EUR
61.9126
63.1509
,
GBP
72.1136
73.5559
,
SEK
5.3298
5.4364
,
USD
56.9888
58.1286

buna

nib

GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

berhan

wegagen

USD
56.704
57.8381
,
GBP
68.416
69.7843
,
EURO
61.4501
62.6791
,
CAD
37.8361
38.5928
,
AUD
33.7923
34.4681
,
CHF
59.9428
61.1417
,
SEK
4.8272
4.9237
,
NOK
4.7926
4.8885
,
DKK
7.4566
7.6057
,
DJF
0.2862
0.324
,
INR
0.6803
0.6939
,
KSH
0.4345
0.4432
,
JPY
0.3389
0.3457
,
SAR
13.6809
13.9545
,
AED
13.9722
14.2516
,
ZAR
3.1723
3.2357
,
CNY
7.0934
7.2353
,
KWD
176.0871
179.6088

dgb

USD
56.9757
58.1152
,
GBP
71.5102
72.9404
,
EUR
61.511
62.7412
,
CHF
62.7831
64.0388
,
CAD
41.6855
42.5192

enat

USD
56.8022
57.9382
,
GBP
70.7585
72.1737
,
CHF
62.3446
63.5915
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.4648
15.7741
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.91242
,
DKK
7.511
7.6612
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
EUR
61.9126
63.1509
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.3952
35.0831
,
ZAR
0
0
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496
,
AED

oromia

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

lion

coop

USD
56.9239
58.0624
,
GBP
71.4053
72.8334
,
EUR
61.0167
62.237
,
SAR
15.1761
15.4796
,
AED
15.4967
15.8066

gadaa

USD
56.9586
58.0978
,
GBP
67.8529
69.21
,
EUR
61.1223
62.3447
,
AED
14.0327
14.3134
,
SAR
137438
14.0187
,
CHF
59.8147
61.011

hijra

amhara

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

tsehay

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

tsedey

USD
56.9837
58.1234
,
EUR
61.6735
62.907
,
GBP
68.612
69.9842
,
AED
14.0396
14.3204

Hijra Bank Review

Hijra Bank

Hijra Bank

7.2 Rating

0% Loan Interest

Interest Free Banking

Islamic Bank

AAOIFI based core banking system

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

Good customer service
Convenient for the broad Islamic community 
45 branches
limited number of branchs
suitable for a specific relgion followers
Poor diaspora benefit offer

Hijra Bank Information

Contact Information

  • SWIFT HIJRETAA
  • Ethiopia, Addis Ababa Dembel, on the way to Olompia.
  • +251 15581899
  • @hijra-bank.com

Diaspora Benefits

  • Murabaha Based diaspora mortage
  • Murabaha Based Diaspora Automobile
  • Qard-al-hassan based personal finanace

Internet Banking

  • Can Check Balance
  • Can Transfer Money
  • View Account Statement
  • Can Control Progress
  • Can Pay Bills Online

Mobile Banking

  • Mobile Application
  • Balance Inquery
  • USSD Application
  • Mobile Top Up
  • Money Transfer

Apply for a loan here

Banks Ethiopia gives you the access and information you need to get car loan and house loan services in Ethiopia from the bank of your choice. If you are a non resident and/or a foreigner with origin of Ethiopia looking for these loan services, make sure to visit our diaspora mortgage loan and diaspora vehicle loan pages to acquire a more detailed information.

Hijra Bank Exchange Rate

The exchange rate for Hijra bank can also be found at ourexchange rates page, along with all other banks’ exchange rates in Ethiopia today.

About Hijira Bank

Hijira Bank is one of the developed Banks that recently started bank operations in Ethiopia, targeting to be the premier Partner in Ethical Banking. Hijra was established on January 16, 2022, Hijra bank capital during its establishment was 1.2 billion birr, of which 700 million birr was paid by 9,000+ small farmers, peasants, un banked communities, and small traders from all parts of the country. The Bank is the second full-fledged interest-free Bank in Ethiopia.

The opening of these IFBs has been a relief for the Muslim community, which was financially excluded due to the absence of Sharia-compliant banks in the country. Hijra was established as a bank of the nation and all regions based on the attentive operation plan and strategy. The Bank stands to satisfy its shareholders, customers, and all community by putting its contribution to the national economy and providing full-fledged banking service in all regions of the country; Hijira Bank has demonstrated its strict adherence to its core value of inclusion, fairness, and diversity in all its operations. It can be concluded that Hijra Bank is a center for diversity and inclusive, reflected in branch expansion, resource allocation, and staff recruitment.

More About Hijira Bank

Hijra Bank has built a strong reputation for its firm in accordance with Sharia principles. Hijira provides interest free banking ,All the Bank’s financial products and services are regulated by Islamic Banking principles. They are periodically reviewed and approved by the Sharia Advisory Committee, consisting of 7 members of Sheiks, imams, and respected religious scholars. Furthermore, the Bank is peculiar for using Core Banking System acquired from the first and only AAOIFI-certified Sharia-compliant software solutions.

Currently, the Bank has about 60 branches in different locations and more than 185,000 customers nationwide. Making Hijira Bank one of the fastest-growing IFB banks in the country. The Bank has also leveraged digital technologies with Mobile and Internet banking to enhance financial inclusion in addition to its regular banking operations.

The IFB system can be a bit ambiguous for both customers who are and are not followers of the Islamic religion. How does the Interest-free banking system work, and what do the customers get from it?

Banks that work under Sharia principles, like Hijira Bank, provide a system that allows customers to get a profit out of their savings without interest; this is how: –

  • Through trading via muraban financing
  • By constructing buildings through Istisna
  • By engaging in the import & export trading
  • By working together on feasible projects
  • Extending fee-based service to the customers like guarantee services.

Services provided by Hijira Bank

Murabaha Financing

Murabaha is often used as an alternative to interest-based loans in Islamic finance. It is a sale transaction where the seller pays off the cost of the goods being sold, as well as a profit margin that the seller adds on top of the price. This complies with Islamic law principles because the profit earned is based on selling tangible goods rather than charging interest on a loan the Bank provides interest free bank loans,(direct interest gains from deposits),the service include interest free mortgage loan,interest free vehicle loan,islamic loans interest free.

Mudarabah & Musharekah

  • Mudarabah

    is a profit and loss sharing partnership in which one part (the investor) provides capital to a business venture, and the other (the entrepreneur or mudarib) manages the project. The profits generated by the investment are shared between the investor and the entrepreneur according to a predetermined ratio, while the losses are borne by the investor alone.

  • Musharakah

    is similar to Mudarabah, but in this case, both parties contribute capital to the venture and share in profits and losses.

Wakallah

This refers to an agency or representation contract. It is an agreement in which the principal appoints the agent or wakil to represent them and act on their behalf in a specific matter. The Hijira Bank agent is given the authority to make decisions and take actions on behalf of the principal but is also held responsible for the consequences of those actions.

Istisna & Salam

  • Istisna

    is a contract for the manufacture and future delivery of a specific good. It is used to invest in producing goods that still need to exist, such as buildings or infrastructure projects. Under an Istisna contract, the buyer pays the seller earnest money and then makes the remaining payments after manufacturing the goods. The good is delivered to the buyer when the work is completed.

  • Salam

    is a contract for the good delivered to the buyer with only prepayment, and the rest of the payment is issued at predetermined intervals. It is used to finance the purchase of goods already in existence, such as agricultural products.

Haramain

    1. Haramain Wadia savings account for Hajj and Umrah

The Haramain Wadia Hajj and Umrah Savings Account Service are for customers who want to make Hajj and Umrah trips by saving money in advance permanently/regularly at a particular time and making deposits by Haramain system, meaning that customers can decide the time and amount of savings every month.

In addition, Hijira Bank provides features and benefits like an easier way to perform Hajj and Umrah for religious followers. The fact that the account is open for all Ethiopians living in the country or abroad (foreign currencies users ) with no age limit makes the diversified community inclusive and aware of what the performance of the Hajj system is like, and customers who save 50% of the amount needed for the Hajj and Umrah journey through regular savings, the Bank lends the remaining 50% for free through Qard Al-Hassan.

    1. Haramain Hajj/Umrah Installment Saving

This account’s unique feature is that Qard Al-Hassan offers up to 50% free loans to customers who can make fixed monthly savings for 1-5 years, depending on the situation. The account is open for all Islamic communities regardless of location and age difference (children can open accounts through their guardians ); the Bank works to make travelers aware of what the performance of the Hajj system is like.

 Hijira Bank Digital Banking

Mobile Banking:

    • Allows customers to access their bank accounts and perform financial transactions using a mobile device, check their account balances, view transaction history, transfer money between accounts, pay bills, and more, all from their mobile devices.

Internet Banking: allows customers to manage their finances and complete transactions anytime, anywhere, as long as they have an internet connection. Customers can view their account balances, and transaction history, pay bills, transfer money between accounts, and more, all through a secure website and the additional layer of security, as transactions are protected by login credentials and other security measures

ATM:  Hijira Bank allows customers to access their accounts and perform transactions anytime, with PIN protected transaction system as long as the ATM is available

USSD: allows customers to access their bank accounts and perform financial transactions using their mobile phones without needing a smartphone or internet connection. The customer is only expected to dial *827# on a mobile phone, which connects them to the Bank’s USSD service. They can then follow the prompts to complete transactions or access information about their accounts.

Contact Information

Hijra Bank phone number: +251 15581899

Hijra email address: [email protected]

SWIFT: HIJRETAA, Addis Ababa, Ethiopia

Hijra Bank Head Office: Dembel, on the way to Olompia, Addis Ababa, Ethiopia

7.2

Hijra Bank

Loan Interest

10

Mobile Banking

8

Internet Banking

8

Saving Interest

5

Customer Service

2

Diaspora Benefit

10

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