ABOUT US
Somali Bankers Association (SBA)
Somali Bankers Association (SBA) was established in 2016 and is recognized by the Central Bank of Somali as the official Association to represent the country’s private banking sector. SBA is the financial sector’s leading advocacy group and the umbrella body of institutions licensed and regulated by the Central Bank of Somali (CBS) with a current membership of 13 commercial banks of all sizes.
Our Mission
To promote a strong and ethical banking sector that provides products and assurances crucial to encouraging economic prosperity for all Somalia's financial institutions.
Vision
A strong dynamic and recognized banking and financial services industry in Somalia and the continent at large.
ABOUT
Somali Banking & Finance Conference (SBFC)
The Somali Banking and Finance Conference is an annual conference organized by the Somali Bankers Association (SBA) and its objectives include:
- Promote the Awareness of Islamic banking and Finance
- Explore the potential of Islamic banking and finance
- Attracting International business players, investors, and financials to benefit the business growth of the region
- Attract Foreign Direct Investment (FDI) in the Islamic banking and finance industry
- A platform to discover the best successful international and local practices
The conference’s audience includes professionals, policymakers, regulators, members of the academia, operators, and other stakeholders in the financial services industry and is to, among others, will provide a veritable platform for subject experts and industry stakeholders to drive conversations and unanimously design a clear road map towards repositioning the Financial Services Industry for economic growth and stability.
The conference is designed to offer an amazing opportunity to the participants by sharing insights about the current developments and the seamless growth of the Islamic banking and finance sector in Somalia. The strategic result of this conference is to raise awareness among the Somali community in terms of the massive value contribution that Somali Financial Institutions are adding to the daily lives of the Somalia society and business community.
This conference will host every year more than 200 national and international participants, key government stakeholders, directors and officers from SBA members, policy makers, bankers, financial service providers, insurance companies, technology providers, microfinance institutions, fintech & mobile banking entities, academicians, and many more to discuss and set a strategic road map for Somalia’s fast-growing Islamic banking and finance sector.
Benefits of Attending SBFC
- Interact with the key experts and regulators of the Islamic Banking Sector and contribute to strategic discussions covering all themes and topics of the summit
- Enhance understanding of technology and digital integration to improve Islamic banking and finance upliftment by hearing success stories and relevant benchmarks
- Engage with a like-minded professionals and practitioners in the field
- Learn from international experts and guests on how to promote sustainable Islamic banking and finance industry across Somalia
- Hear from industry stakeholders & SBA Directors on the latest trends and developments of the sector
- Raise substantial awareness among the community and advocate for the role that Somali Banks & Financial Institutions are playing in rebuilding new Somalia
Among the Topics and Themes of the Discussion are:
- Islamic Banking & Finance in Somalia – Growth Trends
- Digital Transformation of Islamic Financial Services in Somalia
- FinTech and Future of Banking in Somalia
- Latest Supervisory and Regulatory Improvements
- National Payment System of Somalia – Plans and Challenges
- Islamic Banking & Product Diversification – Challenges & Solutions
- Investment Funds and the Future of Islamic financing
- Microfinance in Somalia
- Risk Management & Challenges Facing Somali Banking & Finance Industry
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