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.

Banking

Consulting

Insurance

IBS Bank

IBS Bank's headquarters in Mogadishu, Somalia

Mahat Mohammed Ahmed

Anisa Wehelie

Ali Issack Ahmed

Shueib Mohamud Mohamed

Sharif Nor Yusuf

Emmanuel Wafula

Abdi Dini

The Finance and Banking team at IBS Bank is responsible for overseeing and managing all financial operations and banking services in compliance with Shari’ah law. This includes corporate and institutional banking, trade finance, credit analysis, SME management, and card operations. The team ensures that financial strategies are aligned with organizational goals, provides consultancy and risk management advice, and seeks to foster relationships with international investors and institutions. They play a crucial role in maintaining compliance with global standards and facilitating smooth financial transactions and investments in the Somali market.

Finance and Banking

The Human Resources and Development team at IBS Bank is responsible for recruiting, training, and developing the bank’s workforce to ensure high performance and compliance with Shari'ah principles. This team also oversees employee relations, implements policies, and works to foster a productive and supportive work environment. Additionally, they handle career development programs to enhance staff skills and contribute to the bank's goals of international compliance and service excellence.

IBS Bank

Org chart

Teams

Finance and Banking

Human Resources and Development

Offices

IBS Bank

Org chart

Teams

Finance and Banking

Human Resources and Development

Offices

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