Private | |
Industry | insurance |
Founded | 2014 |
Headquarters | Mogadishu, Somalia |
Key people | Mohamed Abdi Mohamed (General Director) |
The Islamic Insurance Company, also known as the FISO-TAKAFUL, is a private insurance firm based in Mogadishu, Somalia. [1] [2]
The Islamic Insurance Company was founded in December 2014. It is the first full service insurance firm to be established in Somalia in over 20 years. [2]
The company offers life, vehicle and property insurance to local businesses and individuals, in accordance with Islamic insurance tenets (takaful). It also aims to provide Sharia-compliant insurance products throughout the nation and globally. [2]
Additionally, the firm is partnered with a number of international insurance companies. [1]
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Mogadishu, locally known as Xamar or Hamar, is the capital and most populous city of Somalia. Located in the coastal Banadir region on the Somali Sea, the city has served as an important port for millennia. The original inhabitants are known as Ciyaal Xamar. As of 2017, it had a population of 2,425,000 residents. Mogadishu is the nearest foreign mainland city to Seychelles, at a distance of 835 mi (1,344 km) over the Somali Sea.
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Hassan Mohamed Hussein "Muungaab" Arabic: حسن محمد حسين مونجاب) is a Somali politician. He served as Mayor of Mogadishu & Governor of the Banaadir region between 27 February 2014 to 26 October 2015. He also served as State Minister of Justice between August 2016 to 8 February 2017.
The (IBS) is an international bank headquartered in Mogadishu, Somalia.
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