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ZamZam Bank Profile
About ZamZam Bank
1. Pioneering Status: ZamZam
Bank S.C is Ethiopia's first fully licensed Interest-Free Bank, aimed at
enhancing financial inclusion, especially for individuals marginalized due to
religious beliefs or other factors.
2. Capital Strength:
Established with a subscribed capital of Birr 1.683 billion and a paid-up
capital of Birr 872 million from 11,200 shareholders, ZamZam Bank demonstrates
robust financial backing and shareholder commitment.
3. Vision: By 2030, ZamZam
Bank aims to become the leading Sharia Compliant and All-Inclusive Bank in
Africa, showcasing its ambition for growth and leadership in the Islamic
banking sector.
4. Mission: Committed to
Sharia principles, ZamZam Bank focuses on sustainable financial resource
management, excellence through digitization, and fostering a competent
workforce to deliver value to stakeholders.
5. Core Values: Upholding
integrity, Sharia principles, inclusiveness, service excellence,
innovativeness, professionalism, and social responsibility, ZamZam Bank
operates on a strong ethical foundation, ensuring adherence to Islamic banking
principles and community service.
6. Services: ZamZam Bank
offers a range of Sharia-compliant products and services, including Murabahah
(Cost Plus Profit) Mode of Financing, Bai’ Salam, Istisna’, Ijarah, Musharakah,
Mudarabah, Kafalah (Letter of Guarantee), and Personal Financing, catering to
diverse financial needs.
7. Expansion: ZamZam Bank is
actively expanding its branch network in the capital city and other parts of
the country, leveraging advanced digital solutions to enhance customer
experience and accessibility.
Address and Contact Information
Head Office: Wello Sefer Garad City
Center, Addis Ababa, Ethiopia
Phone: 251115582308
Email: info@zamzambank.com
Board of Directors of ZamZam Bank
- Nassir Dino – Chairman
- Idris Mohammed – Member
- Salahadin Mohammed – Member
- Nuredin Mohammed – Member
- Salahadin Khalifa – Member
- Fatuma Ahmed – Member
- W/ro Leyla Nasir – Member
- Ato Nedim Abdusemed - Member
- Adil zekeriya – Member
Executive Management Team
- Mrs. Melika Bedri – CEO
- Kedir Bedewi – VP, Operations
- Kalid Ahmed - Chief Information
Officer
- Endris Omer - Chief Strategy and
Resource Officer
- Abduljuhad Hassen - Director,
Customer Relationship Management
- Hanan Desalgne - Director,
Financing and Investment Appraisal
- Anwar Abrar - Director, Branch
Banking
- Hindia Mohammed - Director,
International Banking
- Abdela Osman - Director, Finance
and Accounts
- Mekia Dino - Director, HR and
Facility Management
- Binyam Tesfaye - Director,
Executive Assistant to the CEO
- Zerihun Girma - Director, Risk
& Compliance
- Meryem Nasser - Director, Internal
Audit
- Semir Teka - Director, Legal
Services
Annual Reports
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