The first full-fledged interest-free bank in Ethiopia

Diaspora Financing

Experience financial empowerment with our Sharia-compliant solutions tailored for Ethiopian expatriates. From acquiring homes and vehicles to making sound investments, ZamZam is your partner in fostering prosperity and growth.

Benefits:
  • Sharia-Compliant Solutions
  • Flexible Repayment
  • Financial Inclusion
  • Tailored Financing
ZamZam bank Diaspora Financing

Mortgage Financing

Explore secure and Sharia-compliant long-term financing crafted for Ethiopian Diaspora communities. This specialized product empowers the acquisition or construction of real estate and homes in Ethiopia. Available to eligible diaspora members with verifiable and steady incomes, this financing serves the purpose of supporting various housing needs, including the construction of new residential houses, additional structures within existing compounds, and the acquisition of residential properties. Realize your homeownership goals with ZamZam Bank.

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Features
  • Flexible Loan Duration: Repay over an extended period.
  • Reasonable Equity Contribution: Affordable initial investment.
  • Secured Financing: Property acts as collateral for stability.
  • Collateral Options: Flexibility for additional collateral if needed.
Requirements
  • Proof of Identity: Valid identification documents.
  • Proof of Residence: Documents verifying your residence.
  • Steady Income: Verifiable and consistent source of income.
  • Property Details: Information about the property to be financed.
  • Equity Contribution: Initial investment towards the property.
Eligibility
  • Ethiopian Diasporas with verifiable, steady incomes.
  • Individuals seeking to purchase or construct real estate in Ethiopia.
Benefits
  • Homeownership: Achieve your dream of owning a property.
  • Flexible Repayment: Tailor your repayment plan.
  • Stability: Secure financing with a secured property.

Car/Vehicle Financing

ZamZam Bank’s Car/Vehicle Financing empowers diaspora individuals and businesses to acquire vehicles hassle-free. Enjoy attractive rates, flexible repayment plans, and fast processing, making your dream vehicle a reality.

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Benefits

  • Monthly installments or agreed installment frequency.
  • Attractive markup and repayment plans.
  • Fast processing and approval.
  • Empowers business expansion.
  • Flexible financing options.
  • Supports diaspora entrepreneurs.

Features

  • Finance for brand-new and used automobiles.
  • Repayment period up to 10 years.
  • Purchase from approved vendors with provided Performa or sales agreement.

Eligible

  • Non-resident Ethiopian Nationals.
  • Non-resident foreign nationals of Ethiopian origin.
  • Companies owned by the above non-residents.
  • Ethiopian nationals abroad with authenticated documents.

Requirements

  • Filled and signed application forms.
  • Valid passport or identification card.
  • Ownership certificates or Articles and Memorandum of Association for businesses.
  • Performa Invoice or quotation from vendors.
  • Mandatory vehicle insurance throughout the finance scheme.
  • Details of the feasible project.

How It Work?

Easily manage your finances from anywhere with ZamZam Bank’s Diaspora Account. Discover simple and secure transactions, swift fund transfers, and convenient banking tailored to meet your international needs.

Create Your Account

Ready to experience the convenience of a ZamZam Bank Diaspora account? Apply now and open your account in less than 3 minutes!
Visit our website, fill the form, and upload required documents via our secure portal

Review and Approval account

Our team will review your application promptly. Once approved, you will receive confirmation with your account details, and you can begin depositing into it

Initial Deposit

Make an initial deposit into your new account using our secure online payment options.

Other useful resources that might interest you

Foreign Exchange Rate

Foreign Exchange Rate is defined as the price of the domestic currency with respect to another currency. The purpose of foreign exchange is to compare one currency with another for showing their relative values.

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Trade Registration and Licensing

Obtaining a business license in Ethiopia. The Ministry of Trade and Industry is the main institution responsible for registering a business in Ethiopia

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National Bank Directives

The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. Prior to this proclamation, the Bank used to carry out dual activities.

Read More

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