ZamZam Bank S.C Information

ZamZam bank S.C is the first bank to get a license from the National bank of Ethiopia to operate as a full-fledged Interest Free Bank in the country. The bank is established to enhance the financial inclusion with a special focus on the part of society that are alienated from the financial system due to their religious beliefs or other factors. At the time of its formation, ZamZam Bank managed to mobilize a subscribed capital of Birr 1.683 billion and a paid up capital of Birr 872 million from 11,200 shareholders. Taking its name from ZamZam Holy Water which gave life to the barren land of Makkah, springing the hills of Safa and Marwa; ZamZam Bank is working towards ensuring a sustained economic growth. The bank carrying a huge responsibility at its back and with the strong commitment of its shareholders, the board, management and professional employees, it primarily focuses on Sharia’h compliance, advanced technology and excellent customer service starting from the first day of its business. Currently, the bank is progressing ahead with its effort to expand its branch network at the capital city and other parts of the country simultaneously by implementing digital solutions that have far-reaching impact to its cherished customers. ZamZam Bank will be able to offer an increasing range of sharia’ compliant & all inclusive products & services through its qualified human resource and a state of the art technology.