cbe

USD
51.5358
52.5665
,
GBP
61.5651
62.7964
,
EUR
55.1794
56.283
,
CHF
50.9279
51.9465
,
SEK
4.7567
4.8518
,
NOK
4.8455
4.9424
,
DKK
6.7122
6.8464
,
DJF
0.2863
0.292
,
JPY
0.3658
0.3731
,
CAD
36.4659
37.1952
,
SAR
12.434
12.6827
,
AED
12.6963
12.9502
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.021
33.6814
,
SDR
,
ZAR
,
CNY
6.9894
7.1292
,
KWD
160.7565
163.9716

awash

USD
51.5358
52.5665
,
EUR
55.1794
56.283
,
GBP
64.4661
65.7554
,
CAD
40.2938
41.0997
,
AED
14.0291
14.3097
,
CHF
53.3276
54.3942

abyssinia

USD
51.5358
52.5665
,
GBP
61.5651
62.7964
,
EUR
55.1794
56.283
,
AED
12.6963
12.9502
,
NOK
4.8455
4.9424
,
SAR
12.434
12.6827
,
SEK
4.7567
4.8518
,
CAD
36.4659
37.1952

abay

zemen

CAD
40.2938
41.0997
,
EUR
55.1794
56.283
,
GBP
64.4661
65.7554
,
SEK
5.256
5.3611
,
USD
51.5358
52.5665

buna

nib

GBP
61.5651
62.7964
,
EUR
55.1794
56.283
,
CHF
50.9279
51.9465
,
CAD
36.4659
37.1952
,
SEK
4.7567
4.8518
,
AED
12.6963
12.9502
,
SAR
12.434
12.6827
,
ZAR
3.2658
3.3311
,
JPY
0.3658
0.3731
,
KES
0.4387
0.4475
,
DJF
0.2862
0.2919
,
INR
0.6601
0.6733
,
CNY
6.9894
7.1292
,
DKK
6.7122
6.8464
,
NOK
4.8455
4.9424
,
AUD
33.021
33.6814
,
USD
51.5358
52.5665

berhan

USD
51.5358
52.5665
,
EUR
55.1794
56.283
,
GBP
61.5651
62.7964

wegagen

USD
51.5173
52.5476
,
GBP
61.3414
62.5682
,
EURO
54.428
55.5166
,
CAD
36.4415
37.1703
,
AUD
32.9066
33.5647
,
CHF
49.1526
50.1357
,
SEK
4.6121
4.7043
,
NOK
4.7406
4.8354
,
DKK
6.5015
6.6315
,
DJF
0.2862
0.2919
,
INR
0.6645
0.6778
,
KSH
0.4426
0.4515
,
JPY
0.3611
0.3683
,
SAR
12.4187
12.6671
,
AED
12.681
12.9346
,
ZAR
3.1723
3.2357
,
CNY
6.8581
6.9953
,
KWD
159.9388
163.1376

dgb

USD
51.5358
52.5665
,
GBP
64.4661
65.7554
,
EUR
55.1794
56.283
,
CHF
53.3276
54.3942
,
CAD
40.2938
41.0997
,
AUD
36.4873
37.217
,
SEK
5.256
5.3611
,
NOK
5.3541
5.4612
,
DKK
7.4168
7.5651
,
DJF
0.2863
0.292
,
INR
0.6644
0.6777
,
KSH
0.4416
0.4504
,
JPY
0.4042
0.4123
,
SAR
13.7392
14.014
,
AED
14.0291
14.3097
,
ZAR
3.2872
3.3529
,
CNY
7.7231
7.8776
,
KWD
168.3314
171.698

enat

USD
51.5358
52.5665
,
EUR
55.1794
56.283
,
GBP
64.4661
65.7554
,
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

EUR
54.9457
56.0446
,
GBP
61.906
63.1441
,
USD
51.5245
52.555

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
51.4676
52.497
,
GBP
59.9796
61.1792
,
CHF
49.3242
50.3107
,
SEK
4.6044
4.6965
,
NOK
4.7213
4.8157
,
DKK
6.5305
6.6611
,
JPY
0.3618
0.369
,
CAD
35.7304
36.445
,
SAR
12.4172
12.6655
,
AED
12.6795
12.9331
,
EUR
53.6859
54.7596
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
51.5358
52.5665
,
EUR
55.1794
56.283
,
GBP
64.4661
65.7554
,
SAR
13.7392
14.014
,
CHF
53.3276
54.3942
,
AED
14.0291
14.3097

lion

USD
51.5245
52.555
,
GBP
64.823
66.1195
,
EUR
54.9457
56.0446

coop

ZamZam Bank Review

ZamZam Bank
ZamZam Bank
Coming Soon

Interest Free Banking

First full pledged Islamic bank

Pros and Cons

Ethiopia’s first Islamic bank
Full interest free bank
  • No saving interest

    ZamZam Bank Information

    Contact Information

    About ZamZam Bank

    ZamZam Bank is the primary genuinely committed Islamic bank set up in Ethiopia. It has gotten a permit from the Central Bank on 28 September 2020 to provide clients within the nation with interest-free banking exercises. ZamZam Bank plans to receive a technology-based approach from the initial day of its benefit, building on the skill of the establishing individuals.

     

    ZamZam bank plans to take after a technology-based approach from the primary day of its operation, capitalizing on the encounter of the establishing individuals. The customer is at the centre of this approach, which can make the bank adjust to advancing client needs powerfully.

    ZamZam Bank Share

     

     

    ZamZam Bank Milestones

    2006 Members of Zemzem Bank Organizer (Dr. Nasir Dino, Dr.Ahmed Hussein, Dr. Andris Mohamed and Jamal Muzein) began talking to the country’s top officials.

     

    2007:The House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia (FDRE)Proclamation amended June 2000 Banking Proclamation No. 592/2000 August 19/2000 by Negarit GazetaPublished.Sub-Article 2 of Article 22 of this Proclamation National Bank Interest-Free Deposit.

     

    It may issue directives to regulate banking activities related to fundraising and use.It came out with a historic change.Official application of Zemzem Bank organizers to the National Bank and they began preparations for banking.
    2009: National Bank of Ethiopia announces the first draft to stakeholders for Interest-Free BankingJune 2010 Guidelines.
    2010: On September, 2011, the National Bank of Ethiopia (NBE) released the 2nd Interest-Free Bank Directive. On  October 8 All banks and founding banks are invited for discussion Zemzem Bank organizers are actively involved. On November 2011 An important and hopeful meeting for the members of Zemzem Bank Held at Addis Ababa Theater and Culture Center.

     

    December 2010  ZamZam Bank’s modified share document, which was formed Prospectus submitted to the National Bank of Ethiopia was presented and collection of capital started.

     

    At the time, the banking industry’s initial capital was 137 million birr. This was collected from 6300 people Collected (at the time, the National Bank’s small banking capital was 70 million birr). A meeting of signatories was held at the Millennium Hall on April 2012 and by approving the Memorandum  of Article of Establishment, the board of directors was chosen. Directors.

    2011:
    September 9, 2014 – The National Bank of Ethiopia (NBE) announced that it has decided to establish an interest-free bank with a regular bank and provide only window services. After discussing the matter with the signatories of Zemzem, who were gathered to form a full interest-free bank, they expressed their dissatisfaction with the proposal.

    The peaceful struggle continued with political leaders. Letter to former Prime Minister Meles Zenawi was written by Zemzem Bank organizers. And There was no answer.

    In a letter dated January 10, 2004, Zemzem Bank announced that it would increase its capital to 500 million and start regular interest-free services through the window or return the money collected to its members. Later when Hailemariam Desalegn is the Prime Minister of Ethiopia there was still no answer. The 137 million birr collected was returned to share holders through a long and arduous process.

    2017: A letter requesting the rebirth of Zemzem Bank from Zemzem Bank organizers was presented to Prime Minister Dr Abiy Ahmed. Expert discussions were held for several months.

    2018: A letter to the Governor of the National Bank of Ethiopia, Dr. Yinager Dessie, on May, 2018, a letter was written asking him not to forget about the re-establishment of the bank. The Governor of the National Bank of Ethiopia, Dr. Neger Dessie, has announced that he will re-establish the Zemzem Bank SC on May, 2018. In the evening, Prime Minister Abiy Ahmed congratulated the people of Ethiopia.

    The National Bank of Ethiopia (NBE) has ordered the opening of a bank account for the sale of shares based on a May 2019 application.

    2019: On September, 2019, the organizers of Zemzem Bank announced that they have met the National Bank with a capital limit of 500 million birr.
    Stock sales continued under public pressure. November, 2019 Millennium Hall Signatories Conference held in full swing. The constitution and bylaws were approved. Board of Directors elected.

    September 2019: Zemzem Bank Managers 630 June 5, 2012 Office
    June 2020: The Board of Directors of Zemzem Bank was approved by the National Bank of Ethiopia. Members of the Board with advanced education, financial skills and business experience Are included.
    July 2010: As soon as the signing ceremony is completed, the bylaws and bylaws are approved.
    July 2010: Business Registration Certificate (with a capital of 1,709,707,000) in business Ministry was given.
    September 2020: Date of signing of the National Bank’s banking license
    October 2020: The National Bank of Ethiopia has launched its first banking operation in the country Date of issuance of license to Zemzem Bank SC in a special ceremony.

    ZamZam Bank Address

    ZamZam Bank head office is located at Ethio China Street Kadko Building Addis Ababa, Ethiopia. ZamZam Bank’s website is under construction, they have a social media account to follow recent news.

    Read more about other Bank’s benefits and services here.

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