Directory · SO
Banking in Somalia
A register of firms and the professionals working at them in the Banking sector based in Somalia. Browse the public index, then filter or export on Kipplo.
Companies
16 on file
Sombank
SomBank is fully-fledged Shari’ah compliant bank approved by the Central Bank of Somalia (CBS) offering banking services on a complete Shari’ah system. Our Value proposition is to be “The Home of Shari’ah Compliant Banking” delivering innovative Shari’ah Compliant Financial Products, Services and Solutions to our valued”.
51 to 200 staff
Salaam Somali Bank Ssb
About Salaam Somali Bank Overview: Somalia’s oldest, largest, and most trusted commercial bank. Founded in 2009, we are Somalia’s oldest, largest, and most trusted commercial bank. Our mission is clear: deliver superior services to our diverse clientele - Somali communities, businesses, the diaspora, and international partners – while helping to rebuild Somalia’s banking system to stimulate economic development. Being ISO-certified, we adhere to all global banking standards, leading the way in driving international regulatory standards within Somalia. We operate across Somalia, providing a diverse portfolio of services: Corporate, Community, Business, Personal and Investment Banking, as well as Wealth and Investment Management and Trade Finance. We are proud to offer Islamic banking services, such as Mudharabah, Murabahah and Musharakah. Additionally, we provide online banking, mobile banking and debit cards. Our bank is one of the only in Somalia to have an independent charitable arm, the Hormuud Salaam Foundation, which was launched in 2009.
501 to 1000 staff
Premier Bank
Premier Bank is a privately owned Sharia compliant commercial bank incorporated in Somalia in 2013 and licensed by the Central Bank of Somalia in 2014. We believe in the promise of a new Somalia. We all have a role to play in rebuilding Somalia. Together, we can make a difference. It is this philosophy that guides our efforts to help (in our own small way) rebuild Somalia and encourage economic and community development.
201 to 500 staff
Idman Community Bank
Delivering innovative Shari'ah complaint financial products, services, and solutions to our valued clientele in Somalia and beyond!
11 to 50 staff
Bushra Business Bank
Bushra Business Bank (BBbank) is a commercial bank offering banking services in Somalia through Sharia'h guidelines and banking regulations. Bushra Business Bank became operational in 2021
1001 to 5000 staff
Amal Bank
Amal Bank is a modern Islamic bank that offers a wide range of financial products and services in Retail, Corporate, Institutional, Diaspora and Microfinance Banking. Based in Garowe and Mogadishu, Somalia. Amal Bank aims to be a leader in the financial services sector in the Horn of Africa through innovative, customized and shariah compliant financial products and services. The Bank is fully owned by Amal Group, a diversified global company that operates in various sectors: Microfinance, Money Transfer, Forex-exchange, Real Estate, Trade and Energy. Our vision is to be: “The leading Islamic Bank in the horn of Africa.” Our mission is to be: “The Bank of choice for retail and corporate customers by offering innovative, customized and Shariah compliant financial products and services reliably, conveniently and profitably.” At Amal Bank we offer financial products and services that add value to our customers lives, put simply, our mission is to help our customers realize their financial future no matter how big or small. Our financial products and services are innovative and customer-centric—as our customers’ needs change and grow, we can provide them with a full range of solutions that fit their life. We reliably and conveniently offer a broad range of Islamic financial products and services through in-person delivery channels (Wide Branch and Agent Networks, ATMS, Call Centers) and complementary digital channels (Online, Mobile and SMS).
201 to 500 staff
Ibs Bank
International Bank of Somalia (IBS) is an International, Islamic and Somalia’s premier global investment and commercial bank with an entirely Shari´ah compliant portfolio of products & services. IBS was incorporated in July 2013 and is licensed by the Central Bank of Somalia (CBS). Our Headquarter is in the capital city of Somalia Mogadishu. IBS is first commercial bank that has swift code and IBAN. We provide Full banking services providing retail, private, corporate and investment banking services. We offer an insurance division that will provide motor, property, marine and medical insurance. We have advisory center which provides consultancy and advice to businesses and investors on how best they can manage risk and realize return in their investments. The bank recently joined the membership of the Union of Arab Banks, and recently received the best bank of the year award at Somalia Annual Business Award. IBS is seeking to be the top bank in compliance trusted by international investors, and a bridge that will connect between two parties: international investors, institutions, large international organizations, donors, NGOs who are interested in Somali markets, and those who are interested in having a joint venture with international companies. We started to adapt and practice international standards for all our product and services, and adheres to global compliance, auditing, and risk management.
501 to 1000 staff
Dara Salaam Bank Dsb
DSB is a fully-fledged Sharia-compliant bank established in 2010, licensed by the Central Bank of Somaliland. DSB was established to bear the critical responsibility of leading the way forward in establishing a stable and dynamic banking system replete with dynamic and cutting edge products and innovative products.
51 to 200 staff
Dahabshil Bank International
Dahabshil Bank International (DBI) is a fully-fledged Sharia-compliant bank licensed by the Central Bank of Somalia
5001 to 10000 staff
Central Bank Of Somalia
The Central Bank of Somalia was established in 1968 as the country’s financial regulatory institution. After years of insecurity, fragility, and economic decline due to the collapse of the state in 1991, The Central Bank was revived and strengthened with the CBS Act of 2011. The Act laid a new foundation to regulate and boost the country’s finance sector and facilitate economic growth.
201 to 500 staff
Mybank Limited
Established in 2018 by a team of seasoned entrepreneurs and experienced bankers, our resolve is to revolutionize how people bank by giving them financial tools that free them to transact whenever, wherever they go. Starting in Somalia, our endeavor is to connect our nation to the world. We aspire to bring services closer to the digital savvy, entrepreneurial, industrious people of our region through the latest digital and alternative technologies and accessible physical network. The establishment of MyBank Limited was a response to the massive gap between demand and supply of the financial services in Somalia. It would be recalled that the World Bank reported in 2017 that there was a gap of USD 2.2 billion between demand and supply of the financial services in the country.
201 to 500 staff
Somaliland Banking Association
We offer banks the
1 to 10 staff
Salaam Bank
Salaam Bank is the first commercial bank of its kind opened in the autonomous State of Puntland in Somalia and offers Islamic banking services that are fully Sharia-compliant.
501 to 1000 staff
Salaam Bank
Salaam Bank is the first commercial bank of its kind opened in the autonomous State of Puntland in Somalia and offers Islamic banking services that are fully Sharia-compliant.
501 to 1000 staff
Amana Bank
Amana Bank is a fully fledged Shari’ah compliant bank to be approved by the Central Bank of Somali
51 to 200 staff
Premier Bank
Premier Bank is a privately owned Sharia compliant commercial bank incorporated in Somalia in 2013 and licensed by the Central Bank of Somalia in 2014. We believe in the promise of a new Somalia. We all have a role to play in rebuilding Somalia. Together, we can make a difference. It is this philosophy that guides our efforts to help (in our own small way) rebuild Somalia and encourage economic and community development.
201 to 500 staff
