Somalia · East Africa · class T

Takaful / Islamic insurance companies in Somalia

4 licensed takaful / Islamic insurers, 100% of the 4 insurance entities supervised by the Central Bank of Somalia. Sharia-compliant risk-sharing operators (takaful, participation and retakaful).

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CompanyClassParent / groupOwnershipRegulatorVerificationPopularity
First Somali Takaful Insurance Ltd
Licensed under the Islamic Insurance (Takaful) Law 2025. Ownership not researched.
TTakaful / IslamicParent not named in registerDomestic privateCBSPartial—
Amanah Insurance Ltd
Licensed under the Islamic Insurance (Takaful) Law 2025; every CBS insurance licence is a takaful licence. Ownership not researched.
TTakaful / IslamicParent not named in registerDomestic privateCBSPartial—
Baraka Takaful Insurance Ltd
Licensed under the Islamic Insurance (Takaful) Law 2025. Ownership not researched.
TTakaful / IslamicParent not named in registerDomestic privateCBSPartial—
Salmaster Insurance
Licensed under the Islamic Insurance (Takaful) Law 2025. The CBS spells this licensee 'Salmaster Insurance' in its English press release and 'Salmastar Insurance' in the Somali version of the same release; the English PDF spelling is used here. Ownership not researched.
TTakaful / IslamicParent not named in registerDomestic privateCBSPartial—

Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works

About takaful / Islamic insurers in Somalia

How many takaful / Islamic insurers are licensed in Somalia?

4 of the 4 licensed insurance entities this directory lists in Somalia are classified as takaful / islamic (100%). Partially verified against the regulator register.

Who regulates takaful / Islamic insurers in Somalia?

Central Bank of Somalia (CBS). Regime: Islamic Insurance (Takaful) Law 2025; the Central Bank granted the first takaful licences in January 2026. Official website: https://centralbank.gov.so.

Who owns the takaful / Islamic insurers in Somalia?

All 4 licensed takaful / Islamic insurers in Somalia are domestic private companies, as recorded in the register.

Data: /api/v1/countries/somalia.json (filter by class = "takaful-islamic"). Licence CC BY 4.0, attribute KAFS North America.