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 18

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
    .

6. Cooperatives Mudarabah Account
Designed for cooperatives and unions

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

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

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