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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 Read more…

Tsedey Bank S.C. is an Ethiopian commercial bank offering conventional and interest-free banking services to individuals, businesses, SMEs, and institutional customers. The bank provides deposit accounts, lending, international banking, foreign-exchange services, remittances, card banking, and digital financial services. Its digital channels include mobile and internet banking, while its interest-free banking division provides Sharia-compliant financial solutions. Tsedey Bank has expanded rapidly Read more…

ZamZam Bank S.C. is Ethiopia’s first full-fledged interest-free bank, established to provide Sharia-compliant financial services to individuals, businesses, and institutions. The bank offers a comprehensive range of interest-free products, including Mudarabah, Murabaha, Ijarah, Musharakah, Istisna, Qard Al Hassan, and Bai’ Salam financing. Its banking services also include savings and current accounts, foreign-currency and diaspora accounts, international trade services, foreign exchange, Read more…

Siket Bank S.C. is a privately owned Ethiopian commercial bank focused on providing accessible and technology-driven financial services. The bank offers savings and deposit products, personal and business loans, MSME financing, vehicle and housing loans, guarantees, international banking, diaspora accounts, import and export services, and remittance facilities. Siket Bank also provides interest-free banking (IFB) for customers seeking Sharia-compliant financial solutions. Read more…

Rammis Bank S.C. is a fully fledged interest-free bank in Ethiopia, established on October 4, 2022, with a vision of becoming a hub for interest-free banking in East Africa. The bank provides Sharia-compliant financial services to individuals, businesses, and communities. Its offerings include savings accounts and Islamic financing products such as Mudarabah, Murabaha, Ijara, and Musharakah. Rammis Bank also emphasizes Read more…

Sidama Bank S.C. is a privately owned Ethiopian commercial bank established in 2022 and headquartered in Hawassa, Sidama National Regional State. The bank provides financial services to individuals, businesses, SMEs, and other customers, with a focus on expanding financial inclusion and supporting economic activity in Sidama and across Ethiopia. Its services include deposit accounts, lending, money transfers, foreign exchange, international Read more…

Omo Bank S.C. is an Ethiopian commercial bank headquartered in Addis Ababa, with roots in the Omo Microfinance Institution. The bank focuses on providing accessible financial services to individuals, businesses, SMEs, and communities, particularly supporting savings, credit, and financial inclusion. Its services include deposit accounts, lending, money transfers, digital banking, account management, cheque services, loan repayment, and electronic payment solutions. Read more…

Gadaa Bank S.C. is a private commercial bank in Ethiopia, incorporated on 26 April 2022 and focused on providing financial services to wholesale, retail, and small and medium-sized enterprise (SME) customers. The bank offers both conventional and interest-free banking services, with products covering deposits, lending, business finance, international banking, and digital financial services. Gadaa Bank has developed digital channels including Read more…

Amhara Bank S.C. is a privately owned Ethiopian commercial bank that officially commenced operations on 18 June 2022 after receiving its banking license from the National Bank of Ethiopia. The bank serves retail, SME, and wholesale customers through a growing nationwide branch network. Its services include savings and demand-deposit accounts, fixed-term deposits, loans, trade and international banking, foreign transfers, remittance Read more…

Ahadu Bank S.C. is a privately owned Ethiopian commercial bank established in 2021 and licensed by the National Bank of Ethiopia in October 2021. The bank provides banking services to individuals, MSMEs, corporate customers, rural communities, and premium clients. Its services include deposit accounts, lending, international banking, money transfers, foreign exchange, card banking, and digital financial services. Ahadu Bank offers Read more…