In Ethiopia, sharia-compliant banking currently accounts for a marginal share of the Ethiopian financial sector. Recent estimates expect that Islamic financial assets in Ethiopia could reach more soon.
Ethiopia is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Ethiopia's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Ethiopia has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
ETHIOPA ONLINE SHARIA BANK