Commercial Bank of Ethiopia rolls out a new CBE NUR savings account called Lebeyk Mudarabah.
During a ceremony held on Wednesday June 21, 2023 the bank also officially launched the 3rd round of ‘Hajj for All movement’.
Speaking at the event, vice president of the bank, Nuri Hussein stated that the bank has been providing various banking services to fulfill the needs of the Muslim community following the Sheria principle. As the vice indicated, the bank is currently providing interest free banking service within its 1915 branches and with its 147 fully interest free service branches.
As stated, the new service, Lebeyk Mudarabah is an account where Hajji and Umrah travelers can save up to cover their expenses.
As indicated on the event, on the occasion of the 10 year anniversary of the bank’s interest free service campaign held for the last two month, the bank has gained 3.5 billion birr in deposit and 80,000 new customers.
As data shows, the bank currently has 6 million customers and has more than 90 billion birr in deposit in the CBE Noor interest free service.
