ETHIOPIA ISLAMIC FINANCE
ETHIOPIA

ETHIOPIA ISLAMIC HOUSING FINANCE ETHIOPIA HALAL MORTGAGE MURABAHA MUDARABA TAKAFUL ADDIS ABABA

ETHIOPIA ISLAMIC MORTGAGE ISLAMIC BANK

In Ethiopia, Islamic mortgage aims to offer a halal financing solution to Ethiopian Muslims and non-Muslims living in Iran who wish in the context of Islamic sharia to use Islamic financial products in Ethiopia.

Islamic finance remains embryonic in Ethiopia despite obtaining an agreement from the government, to let Ethiopian financial institutions to provide the halal financial products.

In Ethiopia, currently out of 18 Ethiopian banks and lenders financial institutions, 9 offer an Islamic window including financial products which are compliant with the principles of the sharia, however with a market share of 1% of the Ethiopia’s total deposit.

The Ethiopian Central Bank (NBE) has approved a directive that will pave the way for the creation of the full first Islamic bank in the country.

This new initiative will allow to any bank established in Ethiopia to carry out operations excluding usurious interests prohibited by Islamic Sharia. The objective of this measure to improve the financial inclusion of the Ethiopian Muslims and consists of the government's efforts to mobilize domestic resources to diversify the Ethiopian economy.

The Ethiopian Islamic bank which will have to adapt to sharia banking by prohibiting the usurious interest, by sharing losses and profits and by sharing the risks between the Ethiopian Islamic lender it and the Ethiopian customer.

ETHIOPIA'S ISLAMIC MORTGAGE LENDERS

HALAL MORTGAGE   TAKAFUL INSURANCE   STUDENT INSURANCE   CAR INSURANCE   HOME INSURANCE   REAL ESTATE INSURANCE   LIFE INSURANCE   BUSINESS INSURANCE   TRAVEL INSURANCE   HAJJ UMRAH INSURANCE   FUNERAL INSURANCE   MOSQUE INSURANCE   AUSTRALIA INSURANCE   GERMANY INSURANCE   ISLAMIC CAR LOAN   ISLAMIC MICROFINANCE    WITHOUT INTEREST   BUSINESS LOAN   FOR WOMEN    TAKAFUL MORTGAGE   LOAN WITH POOR CREDIT   ISLAMIC DEBT CONSOLIDATION    DISABILITY LOAN   STUDENT LOAN   ISLAMIC LEASING    LETTER OF CREDIT   PERSONAL LOAN   FOR STARTUP    PRIVATE LOAN   CROWDFUNDING   CALCULATOR    FOR WEDDING   FOR EXPATRIATE   ISLAMIC INSURANCE    INDIA TAKAFUL   ISLAMIC HEALTH INSURANCE   USA TAKAFUL    CANADA TAKAFUL   UK TAKAFUL   FARMER LOAN   CORONOVIRUS LOAN   TAXI LOAN   RAMADAN LOAN   ALBANIA   ALGERIA   AUSTRALIA    BAHRAIN   BANGLADESH   BOSNIA-HERZEGOVINA    BRUNEI   CANADA   CHINA    DENMARK   DJIBOUTI   EGYPT    ETHIOPA   FRANCE   INDONESIA    IRAN   IRAQ   IVORY COAST    JORDAN   KAZAKHSTAN   KENYA    KUWAIT   KYRGYZSTAN   LEBANON    LIBYA   LUXEMBOURG   MALAYSIA    MALI   MAURITANIA   MOROCCO    NETHERLANDS   NIGERIA   NORWAY    OMAN   PAKISTAN   PALESTINE    PHILIPPINES   QATAR   RUSSIA    SAUDI-ARABIA   SENEGAL   SINGAPORE    SRI-LANKA   SUDAN   SWITZERLAND    SYRIA   TAJIKISTAN   TANZANIA    THAILAND   TUNISIA   TURKEY    U.A.E   UNITED-KINGDOM   U.S.A    UZBEKISTAN   YEMEN   AZERBAIJAN    INDIA   BELGIUM   GERMANY    IRELAND   ITALY   NEW-ZEALAND    SPAIN   SWEDEN    BULGARIA   KOSOVO   SOUTH-AFRICA    LONDON