Profile
Shabelle Bank S.C. is a fully licensed Ethiopian commercial bank operating exclusively according to Islamic banking principles and free from interest-based transactions.
The bank evolved from a microfinance institution and received its banking license in December 2021. It provides retail, SME, corporate, diaspora, treasury, trade-finance, and microfinance services. Its Sharia-compliant financing products include Murabaha, Salam, Istisna’a, Ijarah, and Musharaka, supporting areas such as home, vehicle, business, construction, property, and trade financing.
Customers can also access internet and mobile banking, debit cards with SMS alerts, online account opening, 365-day banking, extended hours, and 24/7 cash-deposit machines. Shabelle Bank is headquartered in Jigjiga and has been expanding its branch network across Ethiopia.
