ZamZam Bank

Ethiopia’s First Interest-Free Bank Achieves Record Deposits in Third-Generation Banks

ZamZam Bank S.C. announced that its deposits reached Birr 7.7 billion as of December 29, 2024, marking a 38% increase from the Birr 6.8 billion recorded during the 2023/24 fiscal year. #EBR

@PatternFin

Massive drone show in Shanghai, China 🇨🇳!

Happy New Year💥

የኢትዮጵያ ጠለፋ መድህን ከታክስ በኃላ ከ 400 ሚሊዮን ብር ላይ ትርፍ ማስመዝገቡን አስታዉቋል

የኢትዮጵያ ጠለፋ መድን አክስዮን ማሀበር ( ሪኢንሹራንስ ) የጠቅላላ እና የረዥም ጊዜ የጠለፋ መድን ሥራ ለመሥራት የተቋቋመ ሲሆን በተጠናቀቀው 2016 የሂሳብ ዓመት ኩባንያው የብር 317.7 ሚሊዮን የኢንቨስትመንት ገቢ ማስመዝገቡን ገልጿል።

በሂሳብ ዓመቱ ኩባንያው ከታክስ በኋላ ብር 400.2 ሚሊየን ትርፍ ማስመዝገቡን እና ይህ ከቀድሞው ተመሳሳይ ዓመት ጋር ሲነፃፀር የ 155.7 ሚሊየን ብር ወይም 63 በመቶ ጭማሪ አሳይቷል ብሏል ። በዚህም እያንዳንዱ አክሲዮን ያስገኘው ትርፍ (Earnings Per Share) 22.25 በመቶ መሆኑን ካፒታል ተመልክቷል ።

ከመንግስት የልማት ድርጅቶችና ከግሉ ዘርፍ የተውጣጡ በአጠቃላይ 7 ባንኮች፣ 17 መድን ሠጪ ኩባንያዎች፣ 102 ግለሰቦች እና እንድ የሠራተኛ ማህበርን ጨምሮ በአጠቃላይ 127 ባለአክሲዮኖች ያሉት ኩባንያው በበጀት ዓመቱ ከሀገር ውስጥ እና ከውጭ ሃገራት በጠቅላላ እና በረዥም ጊዜ መድን ዘርፎች ብር 2.2 ቢሊዮን አጠቃላይ የሪኢንሹራንስ ገቢ ውጤት መገኘቱን ገልጿል። #Capital

@PatternFin

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How Murabaha Works?

Murabaha In Islamic Banking:

Murabaha is a Cornerstone of Islamic Finance

Unveiling the Essence of Murabaha:

In the realm of Islamic banking, where ethical principles guide every transaction, Murabaha stands as a cornerstone of financing. Derived from the Arabic word "riba," meaning "profit," Murabaha is a cost-plus financing method that aligns with Islamic principles.

How Does Murabaha Work?

* The Customer's Request: A customer identifies an asset they wish to purchase but lacks the immediate funds.

* The Bank's Acquisition: The bank purchases the asset from the supplier on behalf of the customer.

* Cost Disclosure and Profit Markup: The bank discloses the cost price to the customer and adds a pre-agreed profit margin.

* Resale to the Customer: The bank resells the asset to the customer at the cost-plus-profit price.

* Repayment: The customer repays the bank in installments over an agreed period.

Key Advantages of Murabaha

* Transparency: The cost price is disclosed, ensuring transparency and fairness.

* Profit-Sharing: The profit margin is clearly defined and shared between the bank and the customer.

* Risk-Sharing: The bank assumes the risk of asset acquisition, while the customer assumes the risk of repayment.

* Flexibility: Murabaha can be tailored to various financing needs, from consumer goods to large-scale projects.

Murabaha in Action

Imagine a customer desires a new car. Instead of a conventional loan, they opt for Murabaha financing. The bank purchases the car from the dealership and resells it to the customer at a cost-plus-profit price. The customer then repays the bank in installments, enjoying the use of the car while fulfilling their financial obligations.

A Pillar of Ethical Finance

Murabaha exemplifies the core principles of Islamic finance: fairness, transparency, and risk-sharing. By adhering to these principles, Murabaha provides a viable and ethical alternative to conventional financing methods, fostering a just and equitable financial ecosystem. #AlsayedFarag

#Murabaha #IslamicBanking #IFB #EthicalFinancing

@PatternFin

★ባንኪ ንግዲ ኢትዮጵያ ብመንገዲ ኣብ ትግራይ ማእኸል ወርቂ ዝኾነ ሽረ እንዳስላሰ ዝርከብ ጨንፈሩ ኣቢሉ ኣብ ውሽጢ ሰለስተ ወርሒ ጥራሕ 132 ሚልዮን ዶላር ዝግመት ወርቂ ከምዝዓደገ ድምፂ ኣሜሪካ ክፍሊ እንግሊዝኛ ሓቢሩ ።

ድምፂ ኣሜሪካ ንኣካያዲ ባንኪ ንግዲ ኢትዮጵያ ጨንፈር ሽረ እንዳስላስ ኣይተ ተኪኤ ግዳይ ጠቒሱ ከምዝሓበሮ ኣብዚ ቐረባ እዋናት ኣብ ውሽጢ ሰለስተ ወርሒ ጥራሕ 132 ሚልዮን ዶላር ዝግመት ወርቂ ከምዝዓደገ ሓቢሩ ኣሎ ።

ሎሚ ክልል ትግራይ ናይ ሙሉእ ዓመት በጀታ ዳርጋ 100 ሚልዮን ዶላር እዩ ዝበለ እቲ ፀብጻብ ኣብ ሰለስተ ኣዋርሕ ግና 132 ሚልዮን ዶላር ዝዋግኡ ወርቂ ናብ ካዝና ማእኸል ዓዲ ኣታዊ ዝገበረት ዘይተረበሐት ክልል ክብል ይሕብር ።

ሰበስልጣን ትግራይ፡ እቲ ክልል ኣብ እዋን ኲናት ዝተቛረጸ ወይ ዝዓነወ ኣገልግሎት ንምምላስ ኣብ ዝጽዕረሉ ዘሎ እዋን፡ ሕጽረት በጀት የጋጥሞም ከምዘሎ ሓቢሮምለይ ክብል ድማ ፀብፂቡ ።

——

የኢትዮጵያ ንግድ ባንክ በትግራይ ክልል የሚገኘውን ሽረ እንዳስላሰ ቅርንጫፍ ብቻ በሶስት ወር ውስጥ 132 ሚልዮን ዶላር የሚያወጣ ወርቅ መግዛቱን VOA የቅርንጫፍ ስራ አስኪያጁ አቶ ተኪኤ ግደይን በመጥቀስ ዘግቧል፡፡

@PatternFin

How do Countries make currency swap agreements work?

Nigeria’s currency swap with China has proven successful in simplifying trade, easing forex pressure, and strengthening the Naira.

👉 In 2018, the Central Bank of Nigeria (CBN) and People's Bank of China (PBOC) signed a 15 billion yuan swap agreement to allow Nigerian businesses to directly exchange Naira for Yuan, bypassing USD.
👉The agreement has been renewed twice (in 2021 and 2024) to enhance liquidity and ease transaction complexities between the two countries.
👉Nigeria-China trade reached $22.56 billion in 2023, with China increasing imports from Nigeria by 36.1% year-on-year.
👉Nigerian banks have also expanded their global presence, with Access Bank UK opening a branch in Hong Kong to strengthen the currency swap and trade with China.
👉First Bank of Nigeria Ltd. plans to expand operations beyond Beijing to major hubs like Guangdong and Shanghai, bolstering economic ties.

Key Lessons for Ethiopia
1️⃣ Expand banking infrastructure by encouraging Ethiopian banks abroad and inviting partner banks to set up locally.
2️⃣ Educate businesses through awareness campaigns to promote the use of the swap mechanism.
3️⃣ Regularly monitor and renew agreements to ensure trade alignment and growth.
4️⃣ Use swaps to reduce forex pressure strategically without over-reliance. ©️Bayu Samuel

#CurrencySwap #TradeFinance #NBE

@PatternFin

📊 Ethiopia Export Highlights (July-Nov 2024)

💰 Revenue: $2.6B, exceeding target by 139%

📈 YoY Growth: 102%

📦 Volume: 612,499 tons


Sector Performance 🏆

🌾 Agriculture: 50.4%
⛏️ Mining: 39.7%
🏭 Manufacturing & Others: 9.9%

Star Performers ⭐
☕ Coffee: 178,670 tons ($797.4M)
🥇 Gold: 12.67 tons ($1B)


🔄 Currency Update: Ethiopian Birr floating policy showing early positive results, despite >100% depreciation vs USD.

Ethiopian Private insurance companies 2023/24 Financial year Performance.
compiled by Abay Stock Market.
#NileInsurance #LionInsurance #AfricaInsurance #NibInsurance #NyalaInsurance #NIC

@PatternFin