Interest Free Deposit Products

 Wadiah-Based (Safekeeping) Deposit Accounts
Safe. Flexible. Sharia-Compliant.
Keep your money secure without compromise — with full access and complete peace of mind.

1. Wadiah Saving Account
Start saving without earning interest, while staying true to your values.

• 100% capital guarantee
• Free deposits and withdrawals
• Ideal for everyday savers

2. Wadiah Current Account
Simplify your business and personal transactions with a non-interest-bearing current account.

•  Cheque book and full transaction access
•  Flexible and secure for daily use

3. Labbaik Wadiah Saving Account
Save purposefully for your Hajj or Umrah journey.

• Structured, long-term savings
• Fully Sharia-compliant
• Peace of mind while preparing for your spiritual goal

4. Gaammee Junior Wadiah Account
Build your child’s financial future from an early age.

• For children aged 0–15
• Managed by parents or guardians
•  Converts to an adult account at age 18l

5. ECX Wadiah Current Account
Tailored for Ethiopian Commodity Exchange (ECX) participants.

• Easy settlement and trading
•  Opened in collaboration with ECX

 Mudarabah-Based (Profit-Sharing) Accounts
Earn halal returns while Coopbank grows your savings responsibly.
Your money works for you — ethically.

1. Ordinary Mudarabah Saving Account
Share in Coopbank’s Sharia-compliant profits

•  Periodic returns based on performance
• Minimum balance required to earn returns

2. Siinqee – Women’s Mudarabah Account
Empowering women with higher returns.

• For women aged 30+
• Enhanced profit-sharing
• A tool for financial independence

3. Dargaggoo – Youth Mudarabah Account
For youths aged 15–29

• Start smart saving early
•  Earn profit while studying or working

4. Gaammee – Junior Mudarabah Account
For children under 15

•  Grows alongside your child
• Earns halal returns over time

5. Labbaik Mudarabah Saving Account
Save for Hajj (5–15 years) or Umrah (1–3 years)

• Earn returns while fulfilling your religious obligations

7. Gudunfaa Mudarabah Saving
Save small amounts daily, earn more tomorrow

•  Ideal for low-income or informal earners
•  Daily collection via Gudunfa box
• Earn disciplined, Sharia-compliant returns

6. Cooperatives Mudarabah Account
Designed for cooperatives and unions

•  Joint savings and investments
•  Ethical return-sharing for community growth

Mudarabah Investment (Time Deposit)
Lock in your savings. Grow with confidence.

1. Mudarabah Investment / Time Deposit
Fixed tenure: 3 to 24+ months

• Higher returns for longer investment periods
• Ethical investment, peace of mind guaranteed

IFB Foreign Currency Deposit Accounts
Earn or save in foreign currencies — the Islamic way.

1. Diaspora Wadiah Saving Account

For Ethiopians living abroad

• Secure, Sharia-compliant FCY savings
•  Full capital guarantee

2. Diaspora Wadiah Current Account
Convenient FCY transactions

• Cheque privileges
• No interest — full control

3. Diaspora Mudarabah Saving Account
Ethical FCY profit-sharing

• Available in USD, EUR, GBP
•  Trusted by the diaspora community

4. Diaspora Mudarabah Time Deposit
Long-term, high-return FCY investments

• Available in multiple currencies
• Fixed tenure with halal earnings

5. Non-Resident Transferable & Non-Transferable Accounts
For all non-resident Ethiopians

•  Supports personal and business needs
•  Convertible to Birr or maintained in FCY

6. Wadiah Ethiopian Citizens or Origin Living in Foreign Land (ECOLFL) Account

• Special savings account for Ethiopians living overseas
•  Hassle-free, interest-free, and secure

Wadi’ah Retention Accounts
Exclusive to exporters — control and flexibility over your foreign currency earnings

(a) Foreign Exchange Retention Account A

•  Deposit 10% of export earnings (as per NBE directive)
• Use funds to settle obligations in FCY
• Convertible to local currency upon request

(b) Foreign Exchange Retention Account B

• Deposit 90% of export proceeds
•  Retain for up to 28 days
•  Automatically converted to local currency after 28 days