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Shabelle Bank is a fully licensed Commercial Bank in Ethiopia to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest-based transactions, offering the full spectrum of Retail Banking, SME Banking, Corporate Banking, Treasury, and Trade Finance Services.
Shabelle started its journey as a microfinance institution in 2011. It subsequently secured the banking license to serve its clientele better, by offering ethical financial products. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches in Ethiopia. Customers can also benefit from an array of customer conveniences such as Internet & mobile banking, debit card with SMS alerts, online account opening, 365-day banking, Saturday banking, extended banking hours, 24×7 cash deposit machines, and banking units exclusively for ladies.
Shabelle’s growth strategy is built on its position as a leading Islamic Bank with deeply rooted customer relationships and strong engagement with the local communities. The bank operates strictly under the principles of Islamic sharia and is well organized for its product development capability, Islamic baking research, and advisory services. It operates under the supervision of the resident Shariah board member and a Shariah supervisory board comprising of internationally renowned scholars.