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[Jan 2018] Intinterest Free Banking in Ethiopia Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Oromia Co-op Bank to Offer Interest Free Services

The Cooperative Bank of Oromia is to begin interest free banking services nearly seven months after getting the licence in February, 2015, focusing on deposits, financing, as well as investment.

Services include Wadiya accounts for cash, Wadiya current accounts for cheques, Muharaba investment savings account and Haji Umra account to save for the pilgrimage to Mecca, Saudi Arabia.

Among its financing services are Muharaba financing, where the bank delivers any good after receiving the full money and specification of the

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