ZamZam bank S.C is the first bank to get a license from the National bank of Ethiopia to operate as a full-fledged Interest Free Bank in the country. The bank is established to enhance the financial inclusion with a special focus on the part of society that are alienated from the financial system due to their religious beliefs or other factors.
At the time of its formation, ZamZam Bank managed to mobilize a subscribed capital of Birr 1.683 billion and a paid up capital of Birr 872 million from 11,200 shareholders.