Hijra Bank is a relatively new Islamic bank in Ethiopia that was established in 2019. It is headquartered in Addis Ababa, Ethiopia, and operates under the principles of Islamic finance.
As an Islamic bank, Hijra Bank operates according to the principles of Sharia law, which prohibits the charging or paying of interest (riba) and the investment in certain industries such as gambling, alcohol, and tobacco. Instead, the bank operates on a profit-and-loss sharing model, where the bank and its customers share in the profits or losses generated from investments.
Hijra Bank offers a range of banking products and services, including current accounts, savings accounts, investments, and financing for personal and business purposes. The bank has a growing network of branches and ATMs across Ethiopia, and also offers digital banking services to its customers.
Through the Hijra Bank mobile app, customers can check their account balances, view transaction history, transfer funds, pay bills, and access other banking services. The app is designed to provide a secure and convenient way for customers to manage their finances on the go, and includes features such as biometric authentication and encryption to ensure the privacy and security of customer data.
The mobile app is available for download from the Google Play Store and the Apple App Store, and can be used by Hijra Bank customers who have registered for mobile banking services.