Islamic Banks in Ethiopia Latest News

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Hijira Bank’s Board Receive Approval

The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on September 14, 2020, under the signature of Frezer Ayalew, director of banking supervision at the central bank, the letter approved the nomination of the 13 board members drawn from the academia, law, ICT, finance and business arenas.

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Hijra Bank to open for business

Hijra Bank the other under formation interest free financial institution announced that it achieved the share sales at the deadline that ended on Monday November 11.
The bank has been effectively going through the formation processes for the past seven months. It has announced the one-billion-birr share sales with half of it or the 500 million birr to be paid.

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Products and Services in Ethiopia

Date: Nov 29, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)47.847648.8046
EuroEuro(EUR)53.996055.0759
Pound SterlingPound Sterling(GBP)60.938262.1570
UAE DirhamUAE Dirham(AED)11.787712.0235
Saudi RiyalSaudi Riyal(SAR)11.542611.7735
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