# Somali banks, insurers and microfinance firms: directory > Somali banks, microfinance institutions, takaful insurers and stock exchanges, in one table each, with founding year, head office and source. Source page: https://calankii.com/en/businesses/banks-insurers-and-microfinance-directory/ Last checked: 2026-11-12 Publisher: Calankii (https://calankii.com) ## About this list The Central Bank of Somalia publishes registers of the banks, microfinance institutions and takaful (Islamic insurance) operators it licenses ([licensed banks](https://centralbank.gov.so/licensed-banks/); [microfinance](https://centralbank.gov.so/licensed-microfinance-institutions/); [takaful](https://centralbank.gov.so/licensed-takaful-operators/)). In November 2026 the registers listed **15 banks**, **24 microfinance institutions** and **8 takaful operators**. The Central Bank's Annual Report 2025 counted 13 domestic banks and one foreign bank branch at the end of 2025 ([Central Bank of Somalia, Annual Report 2025](https://centralbank.gov.so/wp-content/uploads/2026/08/Annual-Report_2025.pdf)). Banks in [Somaliland](/en/states/somaliland-1991-to-2026/) are licensed by the [Central Bank of Somaliland](/en/institutions/bank-of-somaliland/) and appear here when a source names them. Almost all Somali banks are Islamic banks, which share profit and risk instead of charging interest. ## Banks | Company | Type | Founded | Head office | Owner or head, and status | Source | |---|---|---|---|---|---| | Agro Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | [Amal Bank](/en/businesses/amal-group/) | Bank | | Garowe and Mogadishu | Amal Group; Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Amana Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Banca per l'Africa Orientale | Bank (colonial) | | Mogadishu | Historic | [Wikipedia](https://en.wikipedia.org/wiki/Banca_per_l%27Africa_Orientale) | | Bank of Somaliland | Bank | 1994 | Hargeisa | Somaliland central bank | [Wikipedia](https://en.wikipedia.org/wiki/Bank_of_Somaliland) | | Bulsho Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Bushra Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | [Dahabshil Bank International](/en/economy/somalias-main-banks/) | Bank | 2014 | Hargeisa | Dahabshiil group; Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Dara-Salaam Bank | Bank | 2010 | Hargeisa | formerly Salaam Financial Services | [Wikipedia](https://en.wikipedia.org/wiki/Dara-Salaam_Bank) | | Daryeel Bank | Bank | | Bosaso | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | [First Somali Bank](/en/economy/somali-business-pioneers/) | Bank | 2012 | Mogadishu | Liban Abdi Egal; Defunct 2016 | [Wikipedia](https://en.wikipedia.org/wiki/First_Somali_Bank) | | GIB Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Idman Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | [International Bank of Somalia (IBS)](/en/economy/somalias-main-banks/) | Bank | 2014 | Mogadishu | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | My Bank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | [Premier Bank](/en/economy/somalias-main-banks/) | Bank | 2013 (opened 2015) | Mogadishu | Jibril Hassan Mohamud, chairman; Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Salaam Bank (Puntland) | Bank | 2011 | Bosaso | | [Wikipedia](https://en.wikipedia.org/wiki/List_of_companies_of_Somalia) | | [Salaam Somali Bank](/en/economy/somalias-main-banks/) | Bank | 2009 | Mogadishu | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | Sombank | Bank | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | | State Bank of Puntland | Bank | | Garowe | Puntland state | [Wikipedia](https://en.wikipedia.org/wiki/State_Bank_of_Puntland) | | Ziraat Katilim (branch) | Bank | | Mogadishu | Ziraat Katilim, Turkey; Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-banks/) | ## Microfinance institutions | Company | Type | Founded | Head office | Owner or head, and status | Source | |---|---|---|---|---|---| | Access MFI | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Amana MFI | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Asal MFI | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Bulaal Finance | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Bushra MFI | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Dahab MFI (MicroDahab) | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Future Finance House | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Haldoor | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Himilo, Garowe | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Hogaan, Baidoa | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Horseed | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Idman MFI | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Kaafi | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | [KIMS (Kaah International Microfinance Services), Hargeisa](/en/businesses/kaah-express-and-kims/) | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Kobciye | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Maal | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Midnimo | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | OSOB | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | RAAS | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | SICOF | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Somali Microfinance (SOM) | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Tijaaro | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | Wadaag Microfinance, Hargeisa | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | | WE-INVEST, Hargeisa | Microfinance | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-microfinance-institutions/) | ## Takaful and insurance | Company | Type | Founded | Head office | Owner or head, and status | Source | |---|---|---|---|---|---| | [Amanah Insurance](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | | [Baraka Takaful](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | | [FISO Insurance (First Somali Takaful; Islamic Insurance Company)](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | December 2014 | Mogadishu | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/); [Wikipedia](https://en.wikipedia.org/wiki/Islamic_Insurance_Company) | | [Kobciye Insurance](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | | [Salmastar Insurance](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | | [Takaaful Africa (Takaful Insurance of Africa)](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | 2011 in Kenya; Somalia mid-2013 | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/); [How We Made It in Africa, 2016](https://www.howwemadeitinafrica.com/p/insurance-ceo-discusses-somalia-s-misunderstood-business-environment) | | [Tamini Insurance](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | | [Wadaag Insurance, Hargeisa](/en/businesses/somali-takaful-companies/) | Insurance (takaful) | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-takaful-operators/) | ## Stock exchanges | Company | Type | Founded | Head office | Owner or head, and status | Source | |---|---|---|---|---|---| | [National Securities Exchange of Somalia (NSES)](/en/economy/somalias-main-banks/) | Stock exchange | 2025 | Mogadishu | Yasin M. Ibar (CEO) | [Wikipedia](https://en.wikipedia.org/wiki/National_Securities_Exchange_of_Somalia) | | [Somali Stock Exchange](/en/economy/somalias-main-banks/) | Stock exchange | 2011 (trading 2015) | Mogadishu | | [Wikipedia](https://en.wikipedia.org/wiki/Somali_Stock_Exchange) | For how the banking system works, see [Banks in Somalia](/en/economy/banks/) and [Islamic finance, microfinance and takaful](/en/economy/islamic-finance-microfinance-and-takaful/). For the newer banks one by one, see [Somalia's newer banks](/en/businesses/somalias-newer-banks/). The full list is also available as a [CSV file](/data/economy/somali-companies-directory.csv). --- I want to help with this: email hello@calankii.com. Fix this page: email hello@calankii.com with the page link and your source.