- Everyday Banking
- Business Banking
- wholesale banking
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 has 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.
To be a leading and innovative international Islamic financial institution
IBS Products and services
Governance of IBS
IBS governance starts at the top, the board of directors gives priority to strategic planning, ensures that standards exist to promote ethical behavior throughout the organization, and seek continuous improvement in governance practices.
These strengths are fostered throughout the organization by a proactive governance culture that has consistently adopted industry-leading standards.
IBS have a sound risk management policies and procedure, supported by enterprise wide risk management and internal control guide. Managemening risk is a fundamental element of IBS objectives of consistent and sustainable performance over the long term. Risk Management group performs several critical activities including:Monitoring, measuring and controlling the credit, investment, market, operational, liquidity, reputation and legal risks to IBS; Managing capital and allocating resources towards activities with higher return and strategic growth; Monitoring Shari’ah Risk; Creating risk management culture through staff awareness.
AML and KYC
IBS have well placed anti-money laundering system and related policies in place. IBS have information in website to demonstrate that all of IBS activities are guided by anti-money laundering system policies, procedure and KYC policy.
International Bank of Somalia
P. O. Box 777 Hamarweyne
Tel: +2521865999 Fax: +2525922111
SWIFT Code: IBOSSOSM
Call - +252 1 865999
Email - email@example.com
Swift Code - IBOSSOSM