Shabelle Bank
in Ethiopia 🇪🇹
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About Shabelle Bank in Ethiopia
Shabelle Bank is a fully licensed commercial bank in Ethiopia operating exclusively under the principles of Islamic banking (Interest-Free Banking). The bank offers the complete spectrum of Shari'ah-compliant financial services including retail banking, SME banking, corporate banking, treasury operations, and trade finance. Shabelle Bank is notable as the first Somali-owned bank in Ethiopia and the third interest-free banking provider in the country.
The bank takes its name from the Wabi Shabelle River, one of the longest rivers in the Horn of Africa that flows through the Somali region of Ethiopia. The regional government holds the largest shareholding in the bank, reflecting its mission to create financial inclusiveness for communities in the region.