During the fiscal year 2024–2025, ZamZam Bank’s total revenue exceeded 2.2 billion ETB. This was revealed during the bank’s two-day annual performance review meeting for the fiscal year 2024–2025.
Dr. Nasir Dino, the chairperson of ZamZam Bank’s board of directors, board members, senior executives, and branch managers attended this annual forum, which provided a comprehensive review of the fiscal year 2024–2025 performance.
Participants provided a wide range of helpful recommendations when the annual performance report and the work plan for the following year were presented for discussion.
ZamZam Bank’s outstanding performance across the board in the fiscal year 2024–2025 confirmed that its fully Shariah-compliant alternative banking strategy is not only feasible and reliable, but also has the potential to emerge as a formidable rival in the near future.
The bank is well on its way to achieving its goal of becoming the premier universal bank in Africa that complies with Shariah by 2030.
ZamZam Bank’s profit before tax hits 1.3bn ETB
The bank’s profit before taxes was over 1.3 billion ETB, which is 764 percent more than the previous year. Consequently, the bank’s overall earnings per share (EPS) has increased to 43 percent.
Additionally, the bank’s total assets increased dramatically, rising to 16.6 billion ETB in the fiscal year 2024–2025. Deposits showed a robust growth trajectory, reaching 12 billion ETB. The bank also obtained USD 64.4 million.
ZamZam Bank’s Ansar Digital Financing program
The successful launch of ZamZam Bank’s Ansar Digital Financing program, which is solely based on Shariah principles and targets women-led micro, small, and medium-sized businesses, was particularly noteworthy.
Over 115 million ETB were distributed under this program in a matter of months, signaling the start of a prosperous new era.
With the goal of greatly increasing women’s and communities’ overall economic participation, the Ansar Digital Financing program will remain a top priority.
ZamZam Bank’s increases branch network to 100 locations globally
The bank has increased its branch network to more than 100 locations worldwide and improved its digital and mobile banking services to make it more accessible to all societal segments. Because of this, the bank has been able to keep helping communities that have long followed Shariah banking practices.
In his speech, Board Chair Dr. Nasir Dino congratulated the entire ZamZam Bank family and highlighted the bank’s deep and wide vision. The bank is in a stronger position than ever and is still dedicated to excellence, he assured all stakeholders.
In order to attain even greater success, he urged all staff members—especially management and employees—to keep working together and with motivation. He also confirmed that everyone involved is prepared to carry out the new plan with diligence.
Exceptional outcomes for ZamZam Bank
The fiscal year ended with exceptional outcomes. However, the bank is still dedicated to working hard on the remaining tasks, utilising sufficient and contemporary technology, and providing exceptional service in order to realise its vision and satisfy customer needs.
At the end of the two-day meeting, everyone agreed on the guidelines that the board chair had given. A new bonus and pay scale system was implemented in honour of the year’s outstanding accomplishments. Top-performing districts and branches received awards and certificates of recognition.