cbe

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
DJF
0.3047
0.3108
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
XAF
0.002
0.0122
,
INR
,
KES
,
AUD
32.8737
33.5312
,
SDR
,
ZAR
,
CNY
6.9052
7.0433
,
KWD
168.8466
172.2235

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

AED
13.4029
13.671
,
CAD
36.8768
37.6143
,
CHF
57.1241
58.2666
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
NOK
4.4889
4.5787
,
SAR
13.1274
13.3899
,
SEK
4.5341
4.6248
,
USD
54.4025
55.4906

abay

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
CHF
59.8158
61.0121
,
AUD
36.3245
37.051
,
AED
14.8098
15.106
,
CNY
7.6301
7.7827
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
JPY
0.3891
0.3969
,
KES
0.3904
0.3982
,
NOK
4.9601
5.0593
,
SAR
14.5054
14.7955
,
ZAR
2.8707
2.9281
,
SEK
5.0101
5.1103
,
SDR
72.3662
73.8135

zemen

CAD
40.7479
41.5629
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
SEK
5.0101
5.1103
,
USD
54.4025
55.4906

buna

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899
,
CAD
36.8768
37.6143
,
CNY
6.9052
7.0433
,
USD
7.0919
7.2337
,
EUR
4.5341
4.6248
,
GBP
57.1241
58.2666
,
AED
0.3522
0.3592
,
SAR
4.4889
4.5787
,
CAD
168.8466
172.2235
,
CNY
32.8737
33.5312

nib

GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
USD
54.4025
55.4906
,
CAD
36.8768
37.6143
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899

berhan

USD
54.3861
55.4738
,
EUR
58.2693
59.4347
,
GBP
64.6741
65.9676
,
CAD
36.7611
37.4963
,
AED
13.3989
13.6669
,
YUA
6.9193
7.0577

wegagen

USD
54.2965
55.3824
,
GBP
64.0075
65.2877
,
EURO
58.1841
59.3478
,
CAD
36.1417
36.8645
,
AUD
32.1413
32.7841
,
CHF
56.8974
58.0353
,
SEK
4.6669
4.7602
,
NOK
4.6606
4.7538
,
DKK
7.1482
7.2912
,
DJF
0.3031
0.3092
,
INR
0.6588
0.672
,
KSH
0.4039
0.412
,
JPY
0.3681
0.3755
,
SAR
13.0258
13.2863
,
AED
13.3071
13.5732
,
ZAR
3.1723
3.2357
,
CNY
7.1053
7.2474
,
KWD
168.0519
171.4129

dgb

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358
,
CHF
59.8158
61.0121
,
CAD
40.7479
41.5629
,
AUD
36.3245
37.051
,
SEK
5.0101
5.1103
,
NOK
4.9601
5.0593
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
KSH
0.3904
0.3982
,
JPY
0.3891
0.3969
,
SAR
14.5054
14.7955
,
AED
14.8098
15.106
,
ZAR
2.8707
2.9281
,
CNY
7.6301
7.7827
,
KWD
176.8027
180.3388

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

GBP
61.7297
62.9643
,
USD
53.7176
54.792

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
EUR
58.3684
59.5358
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358

coop

USD
54.3747
55.4622
,
GBP
67.4953
68.8452
,
EUR
58.1483
59.3113
,
SAR
14.4991
14.7891
,
AED
14.8027
15.0988

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

Hijra Bank Review

Hijra Bank

Hijra Bank

7.2 Rating

Interest Free Banking

Islamic Bank

AAOIFI based core banking system

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

    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 name buying buyingTrend selling sellingTrend
    EUR Euro 59.0833 60.265
    USD United States Dollar 54.2297 55.3143
    GBP British Pound Sterling 64.8713 66.1687
    AED United Arab Emirates Dirham 13.3629 13.6302
    KWD Kuwaiti Dinar 168.8489 172.2259
    SAR Saudi Riyal 13.3629 13.3481

    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 llows 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.

    7.2

    Hijra Bank

    Mobile Banking

    8

    Internet Banking

    8

    Customer Service

    2

    Diaspora Benefit

    10

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