cbe

USD
41.3165
42.1428
,
GBP
54.2261
55.3106
,
EUR
48.4973
49.4672
,
CHF
41.8822
42.7198
,
SEK
4.2832
4.3689
,
NOK
4.364
4.4513
,
DKK
5.903
6.0211
,
DJF
0.2295
0.2341
,
JPY
0.3389
0.3457
,
CAD
29.6287
30.2213
,
SAR
9.9698
10.1692
,
AED
10.1787
10.3823
,
XAF
0.012
0.0122
,
INR
0
0
,
KES
0
0
,
AUD
28.4661
29.0354
,
SDR
0
0
,
ZAR
0
0
,
CNY
5.6895
5.8033
,
KWD
130.4378
133.0466

awash

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
CAD
33.4288
34.0974
,
AED
11.3613
11.5885

abyssinia

USD
41.7012
42.5352
,
GBP
54.8903
55.9881
,
EUR
49.9747
50.9742
,
AED
10.2735
10.479
,
NOK
4.5083
4.5985
,
SAR
10.0622
10.2634
,
SEK
4.4778
4.5674
,
CAD
30.1772
30.7807

abay

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
CHF
45.6428
46.5557
,
AUD
32.4454
33.0943
,
CAD
33.4288
34.0974
,
AED
11.3613
11.5885
,
CNY
6.4135
6.5418
,
DKK
6.7543
6.8894
,
DJF
0.2319
0.2365
,
INR
0.5572
0.5683
,
JPY
0.3858
0.3935
,
KES
0.3866
0.3943
,
NOK
5.0307
5.1313
,
SAR
11.1278
11.3504
,
ZAR
2.9306
2.9892
,
SEK
4.9701
5.0695
,
SDR
59.6864
60.8801

zemen

buna

USD
41.7358
42.5705
,
GBP
55.3742
56.4817
,
CHF
43.5889
44.4607
,
SEK
4.4979
4.5879
,
NOK
4.5528
4.6439
,
DKK
6.1126
6.2349
,
JPY
0.3491
0.3561
,
CAD
30.2531
30.8582
,
SAR
10.0707
10.2721
,
AED
10.282
10.4876
,
EUR
50.229
51.2336
,
CNY
5.8042
5.9203
,
AUD
29.3631
29.9504
,
KWD
132.0883
134.7301

nib

GBP
55.3742
56.4817
,
EUR
50.229
51.2336
,
CHF
43.5889
44.4607
,
CAD
30.2531
30.8582
,
SEK
4.4979
4.5879
,
AED
10.282
10.4876
,
SAR
10.0707
10.2721
,
ZAR
2.9116
2.9698
,
JPY
0.3491
0.3561
,
KES
0.3841
0.3918
,
DJF
0.2319
0.2365
,
INR
0.5536
0.5646
,
CNY
5.8042
5.9203
,
DKK
6.1126
6.2349
,
NOK
4.5528
4.6439
,
AUD
29.3631
29.9504
,
USD
41.7358
42.5705

berhan

USD
41.6753
42.5088
,
EUR
49.8603
50.8575
,
GBP
54.7926
55.8885

wegagen

USD
41.7012
42.5352
,
GBP
54.8903
55.9881
,
EURO
49.9747
50.9742
,
CAD
30.1772
30.7807
,
AUD
29.252
29.837
,
CHF
43.3301
44.1967
,
SEK
4.4778
4.5674
,
NOK
4.5083
4.5985
,
DKK
6.082
6.2036
,
DJF
0.2319
0.2365
,
INR
0.5603
0.5715
,
KSH
0.3877
0.3955
,
JPY
0.3469
0.3538
,
SAR
10.0622
10.2634
,
AED
10.2735
10.479
,
ZAR
2.9148
2.9731
,
CNY
5.7869
5.9026
,
KWD
131.9908
134.6306

dgb

USD
41.7358
42.5705
,
GBP
57.9835
59.1432
,
EUR
50.229
51.2336
,
CHF
45.6428
46.5557
,
CAD
33.4288
34.0974
,
AUD
32.4454
33.0943
,
SEK
4.9701
5.0695
,
NOK
5.0307
5.1313
,
DKK
6.7543
6.8894
,
DJF
0.2319
0.2365
,
INR
0.5572
0.5683
,
KSH
0.3866
0.3943
,
JPY
0.3858
0.3935
,
SAR
11.1278
11.3504
,
AED
11.3613
11.5885
,
ZAR
2.9306
2.9892
,
CNY
6.4135
6.5418
,
KWD
138.3124
141.0786

enat

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
CHF
45.6428
46.5557
,
SEK
4.9701
5.0695
,
NOK
5.0307
5.1313
,
DKK
6.7543
6.8894
,
KES
0.3866
0.3943
,
JPY
0.3858
0.3935
,
DJF
0.2319
0.2365
,
CAD
33.4288
34.0974
,
AUD
32.4454
33.0943
,
SAR
11.1278
11.3504
,
AED
11.3613
11.5885
,
ZAR
2.9306
2.9892
,
CNY
6.4135
6.5418

addis

EUR
42.8476
43.7046
,
GBP
45.2716
46.177
,
USD
36.7223
37.4567

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
41.7358
42.5705
,
GBP
55.3742
56.4817
,
CHF
43.5889
44.4607
,
SEK
4.4979
4.5879
,
NOK
4.5528
4.6439
,
DKK
6.1126
6.2349
,
JPY
0.3491
0.3561
,
CAD
30.2531
30.8582
,
SAR
10.0707
10.2721
,
AED
10.282
10.4876
,
EUR
50.229
51.2336
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
SAR
11.1278
11.3504
,
CHF
45.6428
46.5557
,
AED
11.3613
11.5885

lion

USD
41.7358
42.5705
,
GBP
55.3742
56.4817
,
EUR
50.229
51.2336

coop

USD
40.6279
41.4405
,
GBP
54.013
55.0933
,
EUR
48.4731
49.4426
,
SAR
9.8031
9.9992
,
AED
10.009
10.2092

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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