About Us
11
Years of formal Banking service
About IBS Bank
- IBS Bank is Somalia’s premier global commercial and Investment bank with its headquarters in Mogadishu, the capital city of Somalia. IBS was incorporated in July 2013 and licensed by the Central Bank of Somalia (CBS).
- IBS Bank is committed to delivering innovative, Sharia-compliant financial solutions that drive growth, inclusion, and prosperity across Somalia and beyond.
Our Mission
To positively transform peoples’ lives by providing
quality Sharia compliant financial services through
innovative, efficient and reputable practice.
Our Vision
To be a leading, innovative and regional Islamic
financial institution adhering to the highest sharia
principles and international banking standards;
leading in the positive transformation of people’s
lives in East Africa
Why IBS Bank
- Offers a full range of banking services—retail, private, corporate, and investment—aligned with international standards.
- Member of the Union of Arab Banks and the Somali Bankers Association (SBA).
- First bank in Somalia to implement SWIFT with IBAN, enabling seamless global banking connectivity.
- Recognized as the most innovative bank in the country, consistently launching relevant, value-driven products.
- Integrated with major money transfer platforms including Safaricom M-Pesa, Airtel Uganda, Ona Afriq, and VIVO Wire (EU).
- Maintains the widest network of correspondent banking relationships in Somalia, with continuous expansion.
- Demonstrates strong compliance with impeccable AML/CFT policies and procedures.
- One of only two Somali banks selected by the IFC to develop a trade credit line—highlighting international trust and credibility.
- First bank in Somalia to introduce RIA and Western Union money transfer services, expanding global remittance access.
- First to offer VISA services nationwide, including the prestigious VISA Infinite card.
- First to launch the Mastercard World Elite card in Somalia, setting a new benchmark for premium banking.
IBS operates as “the people’s bank” with the following set of values
Why Choose Us
Winning Together
with our team and customers, we win together
Transparency
our customers will trust and reward us for it
Humility
It’s not about us, it’s about our customers
Customers Focus
We focus on providing solutions for our customers.
Excellence
We always strive to be better
Our products and services
Know-Your-Customer (KYC) & AML
IBS Bank adheres to international KYC standards, ensuring rigorous identity verification and regular updates of customer information. Our AML/CFT framework is robust, with strict policies in place to prevent money laundering and terrorist financing
Governance & Management
Our Staff
CSR and Foundation
Partner With ISB Bank on Transformative Projects
IBS Bank is Somalia’s premier global commercial and Investment bank with its headquarters in Mogadishu, the capital city of Somalia. IBS was incorporated in July 2013 and licensed by the Central Bank of Somalia (CBS).
Contact Us
Our Location
Trepiano Building, Maka-almukaram Street P.O.Box : 777, Waberi, Mogadishu Somalia
Email Address
info@ibsbank.so
support@ibsbank.so
Phone Number
Emergency Cases
+252 61 3744444
- Sat-Thu 8Am- 5PM; Friday Closed
