09.11.2012 - Two Islamic banks seeking expansion in Somalia
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
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