The first full-fledged interest-free bank in Ethiopia

Mudaraba Account

Elevate your banking experience with ZamZam Bank! Our tailored personal banking solutions bring convenience and reliability to your everyday transactions, health, retirement, and your child’s savings. Experience financial ease with us

Mudarabah saving account

Mudarabah is a profit-sharing partnership where you provide capital (rab-al-maal), and the bank offers management expertise (mudarib). The bank responsibly invests in lawful activities, and profits are shared based on pre-agreed ratios. Our Mudarabah Saving Account can be in the form of a savings account or time deposit.

Benefits

Higher Investment Levels

Benefit from higher levels of Halal investment, contributing to your financial growth.

Financial Stability

The partnership model ensures a shared responsibility for both profits and losses, promoting stability.

Eligibility Requirements

Basic KYC and Due Diligence

Fulfill standard Know Your Customer requirements

Declaration of Halal Sources

Confirm that your deposit originates from Halal or Shariah-compliant sources.

Key Features

Islamic Principles:

Grounded in Shariah, our Mudarabah Saving Account ensures ethical financial transactions.

Profit-Sharing:

Experience equitable distribution of profits based on pre-agreed ratios, fostering a sense of financial stability.

Flexible Operation

Whether with or without a passbook, manage your account effortlessly, tailored to your preferences.

Minimum Initial Deposit:

Open your account with a modest deposit of Birr 1000, making ethical banking accessible to all.

Customer Target Group

Individuals (18 years and above)

Legal Persons (Sole Proprietors, Corporates, Partnerships, etc.)

Open an account today and embark on a journey of responsible and rewarding banking.

Mudarabah Investment/Time Deposit Account

Zamzam Bank is proud to offer you the Mudarabah Investment/Time Deposit Account, a unique way to earn a share of profits based on your investment, in accordance with Islamic principles. This account is ideal for individuals and businesses seeking a Sharia-compliant alternative to conventional fixed-term deposits.

What is Mudarabah?

Mudarabah is a profit-sharing partnership contract between two parties:

  • Rab-ul-Mal: The investor who provides the capital (you).
  • Mudarib: The manager who invests the capital on behalf of the investor (Zamzam Bank).

Profits earned from the bank’s investments are shared between you and Zamzam Bank based on a pre-agreed ratio. This means your potential return is directly linked to the bank’s performance, encouraging shared success.

Benefits of Zamzam Bank’s Mudarabah Investment/Time Deposit Account:

  • Competitive profit sharing: Enjoy potentially higher returns compared to traditional savings accounts, based on the bank’s investment success.
  • Sharia-compliant: Rest assured your investment adheres to Islamic principles, free from Riba (interest).
  • Flexible options: Choose a term length that suits your needs, ranging from short-term to long-term deposits.
  • Transparency: Stay informed with regular updates on your account performance and profit distribution.
  • Security and expertise: Leverage Zamzam Bank’s experience and commitment to ethical investment practices for financial peace of mind.

Two Account Options:

  1. Fixed-Term Mudarabah:

    • Lock in your investment for a predetermined period (from 3 months to 5 years).
    • Enjoy higher profit sharing potential for longer tenures.
    • Early withdrawals may incur profit distribution adjustments.
  2. Mudarabah Investment Account:

    • Deposit funds at any time and withdraw at your convenience, subject to a minimum balance requirement.
    • Profit distribution calculated based on the average monthly balance and investment period.
    • Offers greater flexibility but potentially lower profits compared to fixed-term options.

Ready to Partner with Zamzam Bank?

Visit your nearest branch or contact our customer service team to learn more about opening your Mudarabah Investment/Time Deposit Account today. Our dedicated advisors will guide you through the process and help you choose the option that best aligns with your financial goals.

Additional Information:

  • Please note that profit sharing is not guaranteed and subject to the bank’s overall investment performance.
  • For detailed terms and conditions, including profit-sharing ratios and minimum deposit requirements, please refer to our website or visit your nearest branch.

Together, let's grow your wealth in a way that aligns with your values and beliefs

Mudarabah Eid(Holiday) Saving Account

Gear up for a joyous Eid celebration with financial peace of mind, courtesy of Zamzam Bank’s Mudarabah Eid Saving Account. This unique Sharia-compliant solution allows you to save for the festive season while sharing in the profits of ethical investments, all in line with your Islamic principles.

What is the Mudarabah Eid Saving Account?

It’s a special savings account designed to help you accumulate funds for Eid festivities, or any other upcoming occasion. Unlike conventional savings accounts, it operates under the Islamic principle of Mudarabah, fostering a profit-sharing partnership between you and Zamzam Bank.

How Does it Work?

  • Deposit at your own pace: Contribute to your account throughout the year, with the flexibility to deposit any amount at any time.
  • Profitable partnership: Your funds are invested in Sharia-compliant assets, and the generated profits are shared between you and Zamzam Bank based on a pre-agreed ratio.
  • Celebrate with ease: Access your savings conveniently at the time of Eid or your chosen occasion, along with your accumulated profit share.

Benefits of Zamzam Bank’s Mudarabah Eid Saving Account:

  • Boost your Eid celebrations: Enjoy a financially secure Eid with a dedicated savings plan tailored for the festive season.
  • Sharia-compliant investment: Feel confident knowing your money is invested ethically and adheres to Islamic principles.
  • Profit-sharing potential: Earn potentially higher returns compared to traditional savings accounts, benefiting from the bank’s investment success.
  • Flexible and convenient: Deposit and access your funds at your convenience, making saving effortless.
  • Transparent and reliable: Stay informed about your account performance and profit distribution through regular updates.

Open your Mudarabah Eid Saving Account today and:

  • Celebrate Eid with joy and financial security.
  • Experience the benefits of Sharia-compliant banking.
  • Partner with Zamzam Bank for a prosperous future.

Visit your nearest Zamzam Bank branch or contact our customer service team to learn more about opening your Mudarabah Eid Saving Account and start your journey towards a rewarding Eid.

 

By choosing Zamzam Bank's Mudarabah Eid Saving Account, you can celebrate Eid with peace of mind, knowing you're saving responsibly and ethically.

Mudarabah Atea’lim (Education) Savings Account

Empowering your educational aspirations, one step at a time. At Zamzam Bank, we understand the value of education and its transformative power. That’s why we’re proud to introduce the Mudarabah Atea’lim (Education) Savings Account, a Sharia-compliant solution designed to help you achieve your educational goals, for yourself or your loved ones.

Building a Brighter Future, Together:

  • Mudarabah Partnership: Based on the Islamic principle of profit-sharing, you entrust your savings to Zamzam Bank, acting as the manager. We invest your funds in Shariah-compliant assets, and any generated profits are shared between us based on a pre-determined ratio.
  • Dedicated for Education: This account is specifically tailored for educational expenses, whether pursuing your own academic dreams or securing your children’s future.
  • Sharia-compliant Assurance: Rest assured, your investments align with Islamic principles, approved by our dedicated Shariah board.
  • Transparent and Convenient: Track your progress with regular account statements and enjoy the flexibility of unlimited transactions through your debit card, supporting Mada Pay and virtual card options.
  • Deposit with Ease: Contribute to your account at any time, and access your funds when needed without any restrictions or penalties.
  • Profitable Potential: Earn monthly returns based on the daily average balance, maximizing your savings potential.
  • Accessible and Inclusive: Open your account with a minimum balance of 500 Birr and start reaping the benefits. For profit sharing eligibility, simply maintain a minimum balance of 1000 Birr.
  • Global Reach: Save in your preferred currency, catering to diverse needs.

With Zamzam Bank’s Mudarabah Atea’lim (Education) Savings Account, you can:

  • Plan confidently for your educational journey.
  • Nurture your children’s academic aspirations.
  • Embrace the values of ethical and transparent finance.
  • Invest in a brighter future, for yourself and your loved ones.

Visit your nearest Zamzam Bank branch or contact our customer service team to learn more about opening your Mudarabah Atea’lim (Education) Savings Account today.

Let us be your partner in building a knowledge-rich tomorrow.

Mudarabah Nikah (Wedding) Saving Account

Make your dream wedding a reality with a Sharia-compliant savings plan from Zamzam Bank. Introducing the Mudarabah Nikah (Wedding) Savings Account, your trusted partner in turning wedding dreams into joyous memories.

Embrace a Blessed Partnership:

  • Mudarabah Principle: Partner with Zamzam Bank based on the Islamic principle of Mudarabah. You entrust your savings, and we act as your manager, investing them in Shariah-compliant assets. Any generated profits are shared between us, according to a pre-agreed ratio.
  • Dedicated for Weddings: This account specifically caters to your wedding expenses, allowing you to plan your special day with peace of mind.
  • Sharia-compliant Assurance: Rest assured, your savings adhere to Islamic principles, approved by our dedicated Shariah board.
  • Transparent and Convenient: Track your progress with regular statements and enjoy the flexibility of unlimited transactions through your debit card, supporting Mada Pay and virtual card options.
  • Deposit and Access with Ease: Contribute to your account at any time and access your funds when needed, without any restrictions or penalties.
  • Quarterly Profit Sharing: Earn quarterly returns based on the daily average balance, maximizing your savings potential.
  • Accessible and Inclusive: Open your account with a minimum balance of 500 Birr and start your journey towards a dream wedding. For profit sharing eligibility, simply maintain a minimum balance of 1000 Birr.
  • Global Reach: Save in your preferred currency, catering to diverse needs.

With Zamzam Bank’s Mudarabah Nikah (Wedding) Savings Account, you can:

  • Plan your wedding stress-free, knowing your finances are secure.
  • Experience the joy of Sharia-compliant financial planning.
  • Invest in a blessed union, built on ethical principles.
  • Celebrate your special day with confidence and joy.

Visit your nearest Zamzam Bank branch or contact our customer service team today to learn more about opening your Mudarabah Nikah (Wedding) Savings Account. 

Let us be your partner in making your wedding dreams a beautiful reality.

Mudarabah Almerah (Women) Saving Account

ZamZam Bank presents Mudarabah Almerah Saving Account, a special account for women, that enables financial empowerment and ethical prosperity.

Features:

  • Sharia-Compliant Principles: Based on Mudarabah, a partnership where the bank invests funds according to Sharia principles.
  • Profit Distribution: Profit earned is shared based on predetermined ratios, enhancing financial growth for women savers.
  • Flexible Deposits: Customized for short, medium, or long-term savings, offering financial versatility.

Benefits:

  • Empowering Women: Committed to supporting women’s financial autonomy and well-being.
  • Profitable Savings: Benefit from competitive profit rates, optimizing returns on your savings.

Exclusive Offerings:

  • Financial Inclusion: Accessible to women of all ages, encouraging financial inclusion.
  • Secure Banking: Avail secure and convenient banking services, including passbook, Card Banking, mobile banking, internet banking, and branch services.

How It Works:

  1. Deposit and Partnership: Women savers provide funds, and the bank handles investments, ensuring a mutually advantageous partnership.
  2. Profit and Loss Sharing: Profits generated are divided among partners, creating a sense of financial cooperation.

Why Choose Mudarabah Almerah Saving Account?

  • Tailored for Women: Specially designed to meet the unique financial needs of women.
  • Ethical Banking: Complies with Sharia principles, providing a trustworthy and ethical banking experience.

Empower your financial journey with ZamZam Bank’s Mudarabah Almerah (Women) Saving Account. Experience financial freedom with a dedicated focus on women’s prosperity and well-being. Open your account today and step into a future of empowered finances.

Mudarabah Almerah (Women) Saving Account - Achieving Financial Success

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