cbe

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EUR
54.6946
55.7885
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
DJF
0.2611
0.2663
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
31.8962
32.5341
,
ZAR
,
CNY
6.6588
6.792
,
KWD
148.6758
151.6493

awash

USD
46.9925
47.9324
,
EUR
54.6946
55.7885
,
GBP
64.8309
66.1275
,
CAD
38.1031
38.8652
,
AED
12.7923
13.0481

abyssinia

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EUR
54.6183
55.7107
,
AED
11.5609
11.7921
,
NOK
5.0939
5.1958
,
SAR
11.3233
11.5498
,
SEK
4.9351
5.0338
,
CAD
34.4242
35.1127

abay

zemen

buna

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
EUR
54.6946
55.7885
,
CNY
6.6588
6.792
,
AUD
31.8962
32.5341
,
KWD
148.6758
151.6493

nib

GBP
61.9135
63.1518
,
EUR
54.6946
55.7885
,
CHF
48.9505
49.9295
,
CAD
34.4833
35.173
,
SEK
4.9615
5.0607
,
AED
11.577
11.808511
,
SAR
54.6946
11.5649
,
ZAR
3.1884
3.2522
,
JPY
0.3734
0.3809
,
KES
0.4204
0.4289
,
DJF
0.2611
0.2663
,
INR
0.6235
0.636
,
CNY
6.653
6.7861
,
DKK
6.653
6.7861
,
NOK
5.1022
5.2042
,
AUD
31.8962
32.5341
,
USD
46.9925
46.8444

berhan

USD
42.6401
43.4929
,
EUR
52.0678
53.1092
,
GBP
57.7916
58.9474

wegagen

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EURO
54.6946
55.7885
,
CAD
34.4833
35.173
,
AUD
31.8962
32.5341
,
CHF
47.7307
48.6853
,
SEK
4.7984
4.8944
,
NOK
4.9038
5.0019
,
DKK
6.5387
6.6695
,
DJF
0.2575
0.2626
,
INR
0.6216
0.634
,
KSH
0.419
0.4274
,
JPY
0.3768
0.3843
,
SAR
11.1765
11.4
,
AED
11.4098
11.638
,
ZAR
3.0903
3.1521
,
CNY
6.5005
6.6305
,
KWD
146.5054
149.4355

dgb

USD
46.9925
47.9324
,
GBP
64.8309
66.1275
,
EUR
54.6946
55.7885
,
CHF
51.2571
52.2822
,
CAD
38.1031
38.8652
,
AUD
35.2444
35.9493
,
SEK
5.4823
5.5919
,
NOK
5.6378
5.7506
,
DKK
7.3514
7.4984
,
DJF
0.2611
0.2663
,
INR
0.6276
0.6402
,
KSH
0.4232
0.4317
,
JPY
0.4126
0.4209
,
SAR
12.5283
12.7789
,
AED
12.7923
13.0481
,
ZAR
3.2093
3.2735
,
CNY
7.3578
7.505
,
KWD
155.6815
158.7951

enat

USD
46.9925
47.9324
,
EUR
54.6964
55.7885
,
GBP
64.8309
66.1275
,
CHF
51.2571
52.2822
,
SEK
5.4823
5.5919
,
NOK
5.6378
5.7506
,
DKK
7.3514
7.4984
,
KES
0.4232
0.4317
,
JPY
0.4126
0.4209
,
DJF
0.2611
0.2663
,
CAD
38.1031
38.8652
,
AUD
35.2444
35.9493
,
SAR
12.5283
12.7789
,
AED
12.7923
13.0481
,
ZAR
3.2093
3.2735
,
CNY
7.3578
7.505

addis

EUR
54.6946
55.7885
,
GBP
61.9135
63.1518
,
USD
46.9925
47.9324

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
46.9925
47.9324
,
GBP
61.9135
63.1518
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
EUR
54.6946
55.7885
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
46.9925
47.9324
,
EUR
54.6946
55.7885
,
GBP
64.8309
66.1275
,
SAR
12.5283
12.7789
,
CHF
51.2571
52.2822
,
AED
12.7923
13.0481

lion

coop

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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