Sadiiq Banking
Abay Sadiiq - Interest Free Banking
Abay Sadiiq which is a full-fledged Sharia compliant banking services which is an independent interest free banking service putting the Bank in the ranks of those pioneered services in the industry. Abay Sadiiq is offered in an independent interest free banking branches which are opened to provide a full-fledged interest banking services, and on separate windows in all branches. Sadiiq service can be used by individuals, government institutions and non-governmental organizations (NGOs).
WADIA ACCOUNTS
Wadia savings customers can deposit and withdraw money at any time without restrictions.
The Wadia current account allowing unlimited withdrawals and deposits, and is secured by the bank using prepared cheque books.
WADIA SPECIAL ACCOUNTS
Wadia Youth aims to encourage young individuals to develop financial habits in accordance with Sharia compliance, thereby impacting the country's economy.
Encourage women individuals who want to develop the habit of saving and managing their money in accordance with Sharia compliance.
Mudarabah - Investment Deposits
Abay Sadiiq customers deposit money in IFB services' Mudarabah Savings Account, participating in the fund's profits.
IFB services for the purpose of participating in the profits made from the utilization of the fund.
MURABAHA FINANCING
Murabaha Financing provide finance across various sectors, including consumer finance, real estate, and production.
Qard transaction the borrower repays the principal amount of the financing without mark-up or a share in the business for which the financing was used.
Kafalah is the guarantee for a loan and all loans must be repaid in due course according to Islamic law.
Abay partners with multiple money transfer institutions to ensure fast and safe money transfer service to our customers.
Smart Banking
Abay mobile banking allows you to manage your money and pay your bills — all while on-the-go.
24/7 access to digital tools and money transfers with security you can bank on. — Anytime, anywhere.
We offer a wide range of Debit Cards customized to suit your needs.
Our E-channels (ATM & POS) allows our customers to withdraw cash, pay bills and manage their cards.
Please feel free to get in touch with us
Jomo Kenyatta, avenue, Ziquala Complex, 2nd floor Addis Ababa, Ethiopia