IBS Bank

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.