cbe

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
DJF
0.2921
0.2979
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
30.9429
31.5618
,
SDR
,
ZAR
,
CNY
6.6419
6.7747
,
KWD
161.8308
165.0674

awash

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
CAD
38.5463
39.3172
,
AED
14.3133
14.5996
,
CHF
53.0922
54.154

abyssinia

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
AED
12.9535
13.2126
,
NOK
4.4353
4.524
,
SAR
12.6515
12.9045
,
SEK
4.2027
4.2868
,
CAD
34.8844
35.5821

abay

zemen

CAD
38.5463
39.3172
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SEK
4.6862
4.7799
,
USD
52.5772
53.6287

buna

nib

berhan

USD
52.573
53.6245
,
EUR
51.2797
52.3053
,
GBP
55.4237
56.5322

wegagen

USD
52.5646
53.6159
,
GBP
56.7402
57.875
,
EURO
51.8707
52.9081
,
CAD
35.2953
36.0012
,
AUD
31.5586
32.1898
,
CHF
52.4516
53.5006
,
SEK
4.5533
4.6444
,
NOK
4.9026
5.0007
,
DKK
6.4737
6.6032
,
DJF
0.291
0.2968
,
INR
0.6574
0.6705
,
KSH
0.437
0.4457
,
JPY
0.3504
0.3574
,
SAR
12.616
12.8683
,
AED
12.8975
13.1555
,
ZAR
3.1723
3.2357
,
CNY
6.9767
7.1162
,
KWD
162.7597
166.0149

dgb

USD
52.4895
53.5393
,
GBP
60.4259
61.6344
,
EUR
52.1273
53.1698
,
CHF
53.4734
54.5429
,
CAD
39.916
40.7143
,
AUD
35.6719
36.3853
,
SEK
4.858
4.9552
,
NOK
5.2494
5.3544
,
DKK
7.0095
7.1497
,
DJF
0.2916
0.2974
,
INR
0.6577
0.6709
,
KSH
0.4363
0.445
,
JPY
0.3737
0.3812
,
SAR
13.9618
14.241
,
AED
14.2902
14.576
,
ZAR
3.0395
3.1003
,
CNY
7.571
7.7224
,
KWD
170.024
173.4245

enat

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
53.9168
54.9951
,
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
59.4718
60.6612
,
USD
52.1166
53.1589

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
52.5772
53.6287
,
GBP
53.9168
54.9951
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
EUR
50.7265
51.741
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SAR
13.9796
14.2592
,
CHF
53.0922
54.154
,
AED
14.3133
14.5996

lion

USD
52.5772
53.6287
,
GBP
56.4574
57.5865
,
EUR
50.7265
51.741

coop

USD
52.5772
53.6287
,
GBP
50.7265
51.741
,
SAR
13.9796
14.2592
,
EUR
50.7265
51.741
,
AED
14.3133
14.5996
ZamZam Bank
ZamZam Bank
Coming Soon

Interest Free Banking

First full pledged Islamic bank

ZamZam Bank , Ethiopia's first Islamic bank to start its operation in early 2021

ZamZam Bank (ZZB) has now secured its license from NBE, the regulatory authority. This will make ZamZam Bank the country’s first Interest-Free Bank.

According to information obtained from NBE, in October 2020, the regulatory body officially awarded the license to ZamZam Bank.

After the government showed an interest in allowing the bank to function under the Islamic Banking Concept, the bank was a champion when it began its operations in 2007. However, when the government enforced interest-free banking to work alongside conventional banking, this was short-lived.

This was not a favorable choice for the founders of the bank, who only wanted to operate an interest-free bank. This prompted the bank to reimburse its shareholders for the received amounts.

On the bank’s side, the government has been undergoing reform for the past two and a half years. The government has now made it possible for Ethiopians to invest in fully-fledged IFBs. This re-sparked the interest of ZamZam Bank, which recently began its activities by raising huge amounts of funds in a short period of time.

ZamZam bank mentioned on their official Facebook page “We are in the final stages of launching ZamZam bank in a couple of months. We would like to extend our appreciation for those who expressed their concern about our bank on different digital and other platforms.”
They also added, “Visit our Facebook page and website which will be re-launched soon for a vacancy and other useful information about the bank”.
Other Ethiopian banks, such as Hijra Bank, Nijashi Bank, and Zad Bank have also shown interest in acquiring a license to operate as a fully-fledged IF Islamic Bank.

ZamZam Bank

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