cbe

USD
51.542
52.5728
,
GBP
61.4741
62.7036
,
EUR
54.9541
56.0532
,
CHF
51.0502
52.0712
,
SEK
4.7233
4.8178
,
NOK
4.8467
4.9436
,
DKK
6.6847
6.8184
,
DJF
0.2863
0.292
,
JPY
0.3669
0.3742
,
CAD
36.2859
37.0116
,
SAR
12.4352
12.6839
,
AED
12.6979
12.9519
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
32.9411
33.5999
,
SDR
,
ZAR
,
CNY
6.9823
7.1219
,
KWD
160.7168
163.9311

awash

USD
51.542
52.5728
,
EUR
54.9541
56.0532
,
GBP
64.3708
65.6582
,
CAD
40.0949
40.8968
,
AED
14.0308
14.3114
,
CHF
53.4557
54.5248

abyssinia

USD
51.542
52.5728
,
GBP
61.4741
62.7036
,
EUR
54.9541
56.0532
,
AED
12.6979
12.9519
,
NOK
4.8467
4.9436
,
SAR
12.4352
12.6839
,
SEK
4.7233
4.8178
,
CAD
36.2859
37.0116

abay

zemen

CAD
40.0949
40.8968
,
EUR
54.9541
56.0532
,
GBP
64.3708
65.6582
,
SEK
5.2191
5.3235
,
USD
51.542
52.5728

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
51.542
52.5728
,
EUR
54.9541
56.0532
,
GBP
61.4741
62.7036
,
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
51.542
52.5728
,
EUR
54.9541
56.0532
,
GBP
64.3708
65.6582
,
SAR
13.7405
14.0153
,
CHF
53.4557
54.5248
,
AED
14.0308
14.3114

lion

USD
51.542
52.5728
,
GBP
64.3708
65.6582
,
EUR
54.9541
56.0532

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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