cbe

USD
124.0086
126.4888
,
GBP
152.3866
155.4343
,
EUR
128.3365
130.9032
,
CHF
134.1436
136.8265
,
SEK
11.0023
11.2223
,
NOK
10.7134
10.9276
,
DKK
16.8993
17.2373
,
DJF
,
JPY
0.7759
0.7914
,
CAD
84.628
86.3206
,
SAR
33.0073
33.6675
,
AED
33.7659
34.4412
,
INR
,
KES
,
AUD
75.3049
76.811
,
ZAR
,
CNY
16.6728
17.0063
,
KWD
394.889
402.7867

awash

abyssinia

USD
129.8451
132.442
,
GBP
167.7564
171.1115
,
EUR
141.9513
144.7903
,
AED
35.3532
36.0603
,
CHF
158.9291
162.1077
,
SEK
13.3258
13.5923
,
NOK
12.3272
12.5737
,
CAD
93.636
95.5087
,
SAR
34.6041
35.2962
,
CNY
17.796
18.1519

abay

USD
129.9498
132.5488
,
GBP
173.0412
176.502
,
EUR
147.9479
150.9068
,
AED
35.3778
36.0854
,
ZAR
6.9543
7.0934
,
SAR
34.6422
35.335
,
JPY
0.9127
0.931
,
CHF
157.3624
160.5096
,
AUD
82.934
84.5927
,
CNY
17.8258
18.1823

zemen

CAD
93.6215
95.4939
,
EUR
142.8576
145.7148
,
GBP
168.7083
172.0825
,
SEK
13.4804
13.75
,
USD
129.9938
132.5937

buna

USD
129.9826
132.5823
,
EUR
143.9094
146.7876
,
GBP
164.1011
167.3831
,
AED
35.7075
36.4217
,
SAR
34.1012
34.7832
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
129.8187
132.415
,
GBP
167.7244
171.0789
,
EUR
140.0568
142.858
,
CHF
147.2451
150.19
,
CAD
90.7188
92.5332
,
AED
35.3445
36.0514
,
SAR
34.6045
35.2966

berhan

USD
130.9737
133.5932
,
EUR
146.3914
149.3192
,
GBP
168.68
172.0536
,
CAD
94.7643
96.6596
,
AED
35.6566
36.3697
,
CNY
17.9662
18.3255

wegagen

USD
129.9847
132.5844
,
GBP
172.7107
176.1649
,
EUR
147.3637
150.3109
,
CHF
156.2936
159.4195
,
SEK
13.4924
13.7623
,
CNY
17.8339
18.1906
,
JPY
0.9099
0.9281

dgb

USD
128.1012
130.6632
,
EUR
137.0599
139.8011
,
GBP
157.4803
160.6299
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
36.7329
37.4675
,
CAD
79.1617
80.7449

enat

USD
130.0825
132.6842
,
EUR
145.4317
148.3403
,
GBP
169.3771
172.7646

ahadu

USD
130.0001
132.6001
,
GBP
174.1091
177.5913
,
EUR
149.9811
152.9807
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
146.4079
149.3361
,
GBP
171.4862
174.9159
,
USD
129.981
132.5806
,
CHF
160.0751
163.2766
,
JPY
0.9263
0.9448

dashen

USD
129.8515
132.4485
,
EUR
141.5381
144.3689
,
GBP
167.158
170.5012
,
CAD
84.9226
86.621
,
AED
31.9936
32.6335
,
SAR
31.3241
31.9506
,
CNY
16.2776
16.6031

oromia

lion

USD
131.4923
134.1221
,
GBP
165.6027
168.9148
,
EUR
142.3674
145.2147

developmentbank

USD
129.6586
132.2518
,
GBP
172.407
175.8552
,
EUR
147.7071
150.6612
,
CHF
157.3527
160.4997
,
SEK
13.5217
13.7922
,
NOK
12.4373
12.686
,
DKK
19.784
20.1797
,
DJF
0.7262
0.7407
,
JPY
0.9136
0.9319
,
CAD
93.8127
95.689
,
SAR
34.5655
35.2568
,
AED
35.2985
36.0045
,
INR
1.5174
1.5477
,
KES
0.9997
1.0197
,
AUD
83.0334
84.694
,
SDR
188.6273
192.3999
,
ZAR
6.9797
7.1193
,
CNY
17.7858
18.1415
,
KWD
423.3872
431.8549

coop

USD
129.0606
131.6418
,
GBP
158.331
161.4976
,
EUR
136.4649
139.1942
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128
,
CNY
17.0172
17.3575

gadaa

USD
130.0202
132.6206
,
GBP
161.73
164.9646
,
EUR
141.2437
144.0686
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
131.1285
133.751
,
EUR
142.7201
145.5745
,
GBP
166.8485
170.1855
,
SAR
34.9127
35.611
,
AED
35.6531
36.3662

amhara

USD
131.55
134.181
,
GBP
173.3434
176.8103
,
EUR
145.6916
148.6055
,
CAD
93.1327
94.9954
,
AED
35.8193
36.5357
,
SAR
35.0678
35.7692

tsehay

USD
131.5382
134.169
,
GBP
160.2439
163.4488
,
EUR
130.0158
132.6161
,
CAD
86.9537
88.6927
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
131.5016
134.1316
,
EUR
149.7146
152.7089
,
GBP
175.1075
178.6097
,
AED
35.8003
36.5163
,
CHF
159.2415
162.4263
,
SEK
13.6997
13.9736
,
NOK
12.6352
12.8879
,
DKK
20.0548
20.4559
,
DJF
0.7365
0.7512
,
INR
1.541
1.5719
,
JPY
0.9236
0.9421
,
CAD
94.899
96.797
,
SAR
35.8003
35.7579
,
ZAR
7.0374
7.1781
,
CNY
18.0386
13.3994
,
KWD
428.8793
437.4569
,
KES
1.0143
1.0343

siinqee

USD
129.8515
132.4485
,
EUR
140.3603
143.1675
,
GBP
159.6959
162.8898
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
32.7831
33.4388

hibret

USD
129.9
132.498
,
EUR
142.0016
144.8416
,
GBP
165.9219
169.2403
,
CHF
155
158.1

gohbetoch

USD
131.0805
133.7021
,
EUR
141.1293
143.9519
,
GBP
165.0379
168.3387
,
AED
34.3079
34.9941

nbe

JPY
0.9185
0.9277
,
KWD
427.064
431.3347
,
CNY
17.9273
18.1066
,
ZAR
6.9352
7.0045
,
XDR
167.9726
169.6523
,
EUR
148.7559
150.2434
,
AED
35.6609
36.0175
,
SAR
34.9082
35.2573
,
AUD
83.482
84.3168
,
CAD
94.0908
95.0317
,
USD
130.9932
131.3238
,
KES
1.0088
1.0391
,
INR
1.5287
1.544
,
DJF
0.7336
0.7557
,
DKK
19.9208
20.12
,
NOK
12.328
12.4512
,
SEK
13.3275
13.4608
,
CHF
160.5899
162.1958
,
GBP
173.7101
175.4472

binance

USDT
157.89
156.96

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.

code buying selling Difference
Flag of USD

USD

($)

131.12
133.75

± 2.62

Flag of EUR

EUR

(€)

142.72
145.57

± 2.85

Flag of GBP

GBP

(£)

166.84
170.18

± 3.33

Flag of SAR

SAR

(ر.س)

34.91
35.61

± 0.69

Flag of AED

AED

(د.إ)

35.65
36.36

± 0.71

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 Network: Hijira Bank has expanded its ATM network to over 500 ATMs across Ethiopia.

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.

Hijira Bank’s digital banking services include:

  • Mobile banking app for Android and iOS devices
  • Online banking platform for internet banking

Hijira Bank’s Financial Performance

  1. Total Assets: Hijira Bank’s total assets increased by 20.1% to ETB 65.6 billion (approximately USD 1.3 billion) as of December 2023.
  2. Net Profit: The bank reported a net profit of ETB 2.5 billion (approximately USD 50 million) in 2023, a growth of 22.2% compared to the previous year.
  3. Return on Equity (ROE): Hijira Bank’s ROE improved to 18.5% as of December 2023, up from 16.3% in the previous year.
  4. Return on Assets (ROA): The bank’s ROA increased to 1.83% as of December 2023, up from 1.53% in the previous year.
  5. Capital Adequacy Ratio (CAR): Hijira Bank’s CAR stood at 17.8% as of December 2023, exceeding the regulatory minimum requirement of 15%.
  6. Loan to Deposit Ratio (LDR): The bank’s LDR decreased to 63.2% as of December 2023, down from 66.5% in the previous year.

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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