Yemen’s Saba Islamic Bank and Djibouti-based Dahabshil Bank are both planning to start operations in Somalia next year. Basel Haj-Issa, who took over as CEO of Saba Islamic Bank five months ago, explained that client demand is driving the bank’s expansion into Somalia.
“Djibouti does a lot of trade with Somalia, and many of our clients need our Islamic services in the country, Haj-Issa told Islamic Business & Finance. “They [our clients] have been coming to us and asking why we do not have a presence in Somalia.”……………………………………….Full Article: Source