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

USD
128.5491
131.1201
,
GBP
157.6605
160.8137
,
EUR
139.3855
142.1732
,
JPY
0.7603
0.7755
,
SAR
30.9367
31.5554
,
AED
31.5982
32.2302
,
CAD
83.8719
85.5493
,
CHF
139.4284
142.217
,
NOK
10.4232
10.6317
,
DKK
16.8669
17.2042
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

USD
128.5528
131.1239
,
GBP
165.8666
169.1839
,
EUR
139.2741
142.0596
,
AED
35.0023
35.7023
,
CHF
146.2822
149.2078
,
SEK
12.8649
13.1222
,
NOK
12.2549
12.5
,
CAD
89.8091
91.6053
,
SAR
34.2826
34.9683
,
CNY
17.7251
18.0796

abay

USD
128.9858
131.5655
,
GBP
166.7915
170.1273
,
EUR
139.4852
142.2749
,
AED
35.1144
35.8167
,
ZAR
7.0328
7.1735
,
SAR
34.3852
35.0729
,
JPY
0.8639
0.8812
,
CHF
146.2921
149.218
,
AUD
80.5774
82.1889
,
CNY
17.7818
18.1375

zemen

CAD
89.3039
91.09
,
EUR
138.9189
141.6973
,
GBP
165.9932
169.3131
,
SEK
12.7944
13.0503
,
USD
128.4578
131.027

buna

USD
128.5999
131.1719
,
EUR
136.2025
138.9266
,
GBP
159.1011
162.2831
,
AED
34.8035
35.4996
,
SAR
33.9024
34.5804
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
128.4164
130.9847
,
GBP
165.9127
169.2309
,
EUR
138.544
141.3148
,
CHF
145.6546
148.5677
,
CAD
89.7389
91.5337
,
AED
34.9627
35.662
,
SAR
34.2307
34.9153

berhan

wegagen

USD
128.8593
131.4365
,
GBP
166.6666
170.0001
,
EUR
139.4258
142.2143
,
CHF
145.8945
148.8124
,
SEK
12.8473
13.1042
,
CNY
17.731
18.0857
,
JPY
0.8634
0.8806

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
128.8783
131.4559
,
EUR
139.369
142.1564
,
GBP
166.6525
169.9856

ahadu

USD
129.1177
131.7001
,
GBP
154.3672
157.4545
,
EUR
135.5371
138.2478
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
139.2568
142.0419
,
GBP
165.3348
168.6415
,
USD
129.5932
132.1851
,
CHF
147.0645
150.0057
,
JPY
0.8688
0.8861

dashen

USD
128.5495
131.1205
,
EUR
137.548
140.2989
,
GBP
158.0352
161.1959
,
CAD
84.0711
85.7525
,
AED
31.6728
32.3063
,
SAR
31.01
31.6302
,
CNY
16.1144
16.4367

oromia

lion

USD
131.108
133.7302
,
GBP
163.6378
166.9106
,
EUR
140.736
143.5507

developmentbank

USD
128.3104
130.8766
,
GBP
165.9053
169.2235
,
EUR
138.1775
140.941
,
CHF
145.2461
148.151
,
SEK
12.7583
13.0135
,
NOK
12.2037
12.4477
,
DKK
18.5179
18.8882
,
DJF
0.7186
0.733
,
JPY
0.8508
0.8678
,
CAD
89.5147
91.305
,
SAR
34.2061
34.8902
,
AED
34.9306
35.6292
,
INR
1.5006
1.5306
,
KES
0.9908
1.0106
,
AUD
80.7072
82.3214
,
SDR
169.5879
172.9796
,
ZAR
7.0649
7.2061
,
CNY
17.6619
18.0152
,
KWD
415.9823
424.302

coop

USD
128.8606
131.4378
,
GBP
158.331
161.4976
,
EUR
136.4649
139.1942
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

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
130.0618
132.663
,
EUR
142.1318
144.9744
,
GBP
161.5253
164.7558
,
SAR
34.3035
34.9896
,
AED
35.0346
35.7353

amhara

USD
131.05
133.671
,
GBP
169.5001
172.8901
,
EUR
141.1409
143.9637
,
CAD
91.4579
93.287
,
AED
35.6812
36.3948
,
SAR
34.9383
35.637

tsehay

USD
125.9729
128.4923
,
GBP
154.0817
157.1634
,
EUR
130.0158
132.6161
,
CAD
86.9537
88.6927
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
130.4715
133.081
,
EUR
141.0919
143.9138
,
GBP
168.7127
172.081
,
AED
35.5189
36.2293
,
CHF
147.9772
150.9368
,
SEK
13.0023
13.2623
,
NOK
12.3527
12.5997
,
DKK
18.9106
19.2888
,
DJF
0.7307
0.7453
,
INR
1.5269
1.5574
,
JPY
0.8738
0.8913
,
CAD
90.8703
92.6877
,
SAR
34.7813
35.4769
,
ZAR
7.1138
7.2561
,
CNY
17.9866
18.3464
,
KWD
422.8321
431.2888
,
KES
1.0083
1.0284

siinqee

USD
128.0292
130.5898
,
EUR
139.9171
142.7154
,
GBP
159.6959
162.8898
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
32.7831
33.4388

hibret

USD
128.6
131.172
,
EUR
140.8406
143.6574
,
GBP
160.5002
163.7102
,
CHF
145.5739
148.4854

gohbetoch

USD
130.0305
132.6311
,
EUR
135.3352
138.0419
,
GBP
156.7013
159.8353
,
AED
34.3079
34.9941

nbe

JPY
0.8665
0.8752
,
KWD
417.9152
422.0944
,
CNY
17.7875
17.9653
,
ZAR
7.0183
7.0885
,
XDR
171.7917
173.5096
,
EUR
140.5463
141.9518
,
AED
35.0785
35.4293
,
SAR
34.3555
34.6991
,
AUD
81.0576
81.8682
,
CAD
89.3778
90.2716
,
USD
128.847
129.3175
,
KES
0.995
1.0248
,
INR
1.4766
1.4914
,
DJF
0.7216
0.7433
,
DKK
18.8431
19.0315
,
NOK
12.0765
12.1973
,
SEK
12.7837
12.9115
,
CHF
145.9527
147.4122
,
GBP
166.7409
168.4083

binance

USDT
154.65
153.92

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

($)

130.06
132.66

± 2.60

Flag of EUR

EUR

(€)

142.13
144.97

± 2.84

Flag of GBP

GBP

(£)

161.52
164.75

± 3.23

Flag of SAR

SAR

(ر.س)

34.30
34.98

± 0.68

Flag of AED

AED

(د.إ)

35.03
35.73

± 0.70

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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