ZamZam Bank

ZamZam Bank, established in 2020, is one of Ethiopia's newest and first full-fledged interest-free Islamic banks. The bank is dedicated to supporting long-term economic growth and development. With a strong sense of responsibility, it thrives through the collective efforts of its shareholders, board, management, and dedicated staff. From day one, ZamZam Bank has prioritized Shariah compliance, cutting-edge technology, and exceptional customer service, aiming to provide a unique and sustainable banking experience.

Vision

To be the Leading Sharia Compliant and All-Inclusive Bank in Africa by the Year 2030.

MISSION

We are committed to demonstrating Sharia principles in harnessing sustainable financial resources, being a model of excellence through digitization and competent workforce to realize our stakeholder’s values.

Core Value

-Integrity

-Upholding Sharia principles

-Inclusiveness

-Service Excellence

-Innovative

-Professionalism

-Social Responsibility

Zemzem Bank offers variety of products and services they are:

Saving Account

Zemzem Saving Account Are:

1. Mudarabah Acount
2. Wadia Account
3. Amana Account
4. Foregn Currency Account
5. Diaspora Account
6. Zamzam SafeBox
7. Other Special Account

In Detail

1. Mudarabah Saving Account: A partnership contract where the client provides funds, and the bank invests them in compliance with Shariah principles.
2. Mudarabah Investment/Time Deposit Account: An investment account that allows you to earn a share of profits based on your deposit, in line with Islamic principles.
3. Mudarabah Eid (Holiday) Saving Account: A special savings product designed for holiday celebrations, offering rewarding returns while ensuring financial security.
4. Mudarabah Atea’lim (Education) Savings Account: Designed to support your educational goals, this account empowers you to save for the future with Islamic principles.
5. Mudarabah Nikah (Wedding) Saving Account: A dedicated account to help you save for your wedding, ensuring your special day is filled with financial peace of mind.
6. Mudarabah Almerah (Women) Saving Account: A savings account designed for women, promoting financial empowerment and ethical prosperity under Islamic guidelines.
7. Wadiah Saving Account: A Sharia-compliant savings account for individuals seeking a safe and ethical way to save their money, respecting Islamic principles.
8. Wadiah-Current Account: A current account offering convenience and security while aligning with Islamic beliefs and values.
9. Wadiah Labbaik (Hajj/Umrah) Saving Account: A savings account specifically designed for those planning to perform Hajj or Umrah, helping you save for these sacred pilgrimages.
10. Wadia Kids Saving Account: A savings account for children to instill financial discipline and ethical values from an early age, preparing them for a bright future.
11. Wadia Salary Saving Account: Tailored to meet the financial needs of working individuals, this account helps manage your savings ethically and securely.
12. Wadia FCY Saving Account for Residents of Ethiopia: A foreign currency savings account for Ethiopian residents, offering secure international transactions in compliance with Islamic principles.
13. Wadiah Waqf Saving Account: A unique savings account where you can secure your funds while contributing to charitable causes in accordance with Islamic values.
14. Wadiah Zakat Saving Account: A savings account that helps you manage your funds while fulfilling your Zakat obligations, making a positive social impact.
15. Wadiah Almerah (Women) Saving Account: A savings account specifically designed for women, promoting financial independence and security.
16. ZamZam Safebox Wadiah Saving Account: Combines ethical savings with top-tier security, offering access to a safebox facility while adhering to Wadiah principles.
17. AMANA DIASPORA FCY: A foreign currency account for the diaspora community, designed to facilitate smooth international transactions.
18. AMANA CURRENT FCY (DIASPORA)
19. A Sharia-compliant current account for those living abroad, providing an ethical way to manage finances across borders.
20. Amana Current Account- Local: A local current account offering seamless financial solutions while adhering to ethical, interest-free banking principles.
21. Murabahah Term Financing: A Sharia-compliant financing solution catering to the needs of individuals and businesses for various financial purposes.
22. Murabahah Revolving Financing: A revolving financial facility based on cost-plus financing, ensuring compliance with Islamic principles while providing continuous financial support.
23. Musharakah Financing: A partnership financing model where profits and losses are shared, based on mutual consent between the parties involved in a joint venture.

Financing Product

1. Murabaha
2. Mudarabah
3. Ijarah
4. Qard Al Hassan
5. Istisna
6. Musharakah
7. Bai’ Salam
8. Kafalah Guarantees
9. Diaspora Financing

Mobile Banking

Zemzem Bank provides a mobile app and USSD services for convenient mobile banking.

Android App: Download Here

USSD: *803#

Card Banking

1. ATM
2. Pos

Diaspora Banking

Learn More about Zemzem Bank Diaspora Banking.