Africa
Ethiopia· Addis AbabaZamzam Bank Reports Over 1.5 Billion Birr Profit for 2025/26 Financial Year
Zamzam Bank announced a pre-tax profit exceeding 1.5 billion Birr for the 2025/26 financial year, marking it as the first interest-free bank to achieve this milestone.
Background
Ethiopia's financial sector has seen the emergence of interest-free banking, a system adhering to Islamic finance principles. These institutions operate without charging or paying interest, focusing instead on profit-and-loss sharing and ethical investments. This development offers an alternative financial service within the country's economy.
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Zamzam Bank Reports Strong Financial Performance with Over 1.5 Billion Birr Profit
First report 22h agoLast update 18h ago1 takes 1
profit and growth announcementneutralShow 4 posts
started 22h ago•Last update 18h ago
The bank highlights its significant profit, deposit growth, and increased customer base, attributing success to digital expansion and institutional capacity.
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