Hijra Bank Announces its Profit for the 2025/26 year
Hijra bank has announced its profit for the 2025/26 fiscal year. It generated 3.55 billion birr in total income, which is 197% higher than the previous year. The bank almost tripled its income in just one year. Its gross profit also increased to 1.9 billion birr, up 132% from last year. Its total assets grew from 14.61 billion birr to 31.45 billion birr. Customer deposits rose from 11.94 billion birr to more than 24 billion.
The bank’s capital which shows its financial strength, increased to 7.45 billion birr. The bank says that more and more people are now using its Islamic banking services. Hijra bank saw strong growth in digital banking this year. The value of digital transactions reached 41.72 billion birr, while the number of digital transactions increased by 519%. Today, 2.24 million customers use the bank’s digital banking services. The bank provided 1.5 billion birr to 3,871 small businesses, women and young entrepreneurs through its Murhaba financing service.
The bank also earned 158 million US dollars in foreign currency and opened 41 new branches bringing its total number of branches to 170 across Ethiopia. It donated 8 million birr for Zakat which is an important Islamic charity, and 2 million birr for Waqf, an Islamic charitable fund. It also provided 341.72 million birr in interest free loans to help people in need. The bank also offered interest-free financing to 35 people travelling to perform Hajj.
