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CBE Noor Deposit Products

CBE NOOR offers several deposit accounts with Wadiah (Safekeeping Account) and Mudarabah (Profit-Sharing Account) principles ensuring compliance with Sharia rules.

Wadiah Savings Accounts

Safekeeping accounts where the bank retains depositors’ funds, allowing withdrawals at any time. Accounts are tailored for various demographics and purposes, operated via passbooks, digital channels, or debit cards.

Noor Wadiah Ordinary Saving Account

A Sharia-compliant savings account for individuals, joint account holders, or corporate entities. Requires a minimum balance of Birr 100 (or zero with a commitment to reach Birr 100 within a month). Operated via passbook, cash vouchers, internet/mobile banking, or NOOR debit card. Requires renewed ID and two passport photos; corporate accounts need business license and memorandum of association.

Wadiah Women Saving Account

A gender-based savings account for women, women-owned businesses, or associations with over 50% women members. Offers discounts on goods/services from partnered suppliers when using the Hilwa debit card. Operated via cash slips, internet/mobile banking, or Hilwa debit card. Requires renewed ID (Kebele, driving license, student ID, passport, or yellow card), two passport photos, and business documents for organizations.

Wadiah Youth Saving Account

For individuals under 25, converts to an ordinary savings account at age 25. Supports savings with a minimum balance of Birr 100, operated via digital channels or passbook. Requires ID card and two passport photos.

Wadiah Teen Youth Saving Account

For individuals aged 14–17 with income, converts to youth savings at 18. Promotes saving habits among minors. Requires student ID, recommendation letter from Kebele or employer, and two passport photos.

Wadiah Qadim (Gasha) Saving Account

For Ethiopian citizens or those of Ethiopian origin aged 55+, with a minimum balance of Birr 250. Offers priority service, home service for illness, and discounts at hospitals/pharmacies. Top depositors receive annual awards. Operated individually or jointly (couples may have one partner under 55). Requires renewed ID and two passport photos.

Wadiah Education Saving Account

For saving toward higher education (up to undergraduate level) for oneself or a minor. Eligible for scholarships or seed money for small businesses if minimum deposits are maintained for 12 months without withdrawal. Requires ID card and two passport photos.

Wadiah Labbaik Saving Account

For saving toward Hajj/Umrah, with the bank facilitating payments to the Ethiopian Islamic Affairs Supreme Council. Encourages regular deposits. Requires ID card and two passport photos.

Noor Wadiah Zakat Saving Account

For depositing Zakat (charity) above the Nisab level, with standing instructions for payments to eligible recipients. Requires consistent deposits for 12 months for scholarship/seed money eligibility. Requires ID card and two passport photos.

Wadiah Nikah/Eid Saving Account

For unmarried individuals saving for Nikah ceremonies, dowry, or household furniture, also covering Eid/holiday expenses. Supports transfers from other accounts via e-banking. Requires ID card and two passport photos.

Rihla Wadiah Saving Account

For individuals 18+ saving for local/international travel (religious or tourism). Minimum balance of Birr 1,000, with flexible deposit amounts. Offers sponsorship for top savers. Operated via vouchers, instruction letters, or digital channels. Requires ID card and two passport photos.

Noor Wadiah Mahr Saving Account

For married or unmarried men saving for Mahr/dower payments or household furniture. The bank facilitates transfers to beneficiaries. Requires Mahr to be expressed financially and uses a labeled passbook. Requires ID card and two passport photos.

Mudarabah Investment Accounts

Profit-sharing accounts where the bank invests funds in Sharia-compliant activities, sharing profits with depositors. Minimum balance is Birr 1,000, with profit-sharing for deposits held over 10 days.

Noor Mudarabah Women Investment Account

For women or women-owned entities, with a 73% profit-sharing rate for eligible deposits. Minimum balance of Birr 1,000. Requires renewed ID (Kebele, driving license, student ID, passport, or yellow card), two passport photos, and business documents for organizations.

Mudarabah Youth Investment Account

For youth under 25, with a 70% profit-sharing rate for deposits held over 10 days. Minimum balance of Birr 1,000. Requires ID card and two passport photos.

Noor Mudarabah Teen Youth Investment Account

For teens aged 14–17, with a 70% profit-sharing rate for deposits held over 10 days. Minimum balance of Birr 1,000. Requires recommendation letter from Kebele or employer and two passport photos.

Mudarabah Qadim (Gasha) Investment Account

For individuals aged 55+, offering profit-sharing on Sharia-compliant investments. Minimum balance of Birr 1,000, with a 70% profit-sharing rate for deposits held over 10 days. Requires renewed ID and two passport photos.

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