Shabelle Bank Profile

About Shabelle Bank

Establishment and License: Shabelle Bank is a fully licensed Commercial Bank in Ethiopia operating under the principles of Islamic banking, completely disengaged from interest-based transactions. It offers Retail Banking, SME Banking, Corporate Banking, Treasury, and Trade Finance Services.

Ownership: The regional government holds the largest shareholdings in the bank, aiming to promote financial inclusiveness for societies.

Evolution: Shabelle began as a microfinance institution in 2011 and later obtained a banking license to provide ethical financial products to its clientele.

Customer Conveniences: Customers benefit from various conveniences such as Internet & mobile banking, debit cards with SMS alerts, online account opening, 365-day banking, Saturday banking, extended banking hours, and 24×7 cash deposit machines. There are also banking units exclusively for ladies.

Growth Strategy: Shabelle's growth strategy focuses on being a leading Islamic Bank with strong customer relationships and engagement with local communities.

Operational Principles: The bank strictly adheres to the principles of Islamic Sharia and is equipped with product development capabilities, Islamic banking research, and advisory services. It operates under the supervision of a resident Shariah board member and a Shariah supervisory board comprising internationally renowned scholars.

Vision: Aims to be a competent, sustainable, leading, and trusted Sharia-compliant banking and microfinance services provider in the Horn of Africa and globally.

Mission: Dedicated to providing efficient and effective full-fledged Sharia-compliant banking services with a customer focus, utilizing qualified, honest, and motivated staff and state-of-the-art technology to optimize shareholders' interests and enhance the inclusion of the poor through microfinance business operations.

Address and Contact Information

Head Office: Shabelle Business Centre, 5th floor, Main Street, Near Sayid M. Hall Jigjiga, Somali Regional State, Ethiopia.

Phone: +251257756976/77

FAX: +251252780364

P.O.Box: 762

Email: info@shabellebank.com / sb@shabellebank.com

Board of Directors

1. MR. HASSEN MOHAMED HUSSIEN: Board chairman
2. Guuleed Mohamed Omar: Board Member
3. Dr. Mohamed Abdulghani Elmi: Board Member
4. Dr.Abdifatah Muhummed Barkedle: Board Member
5. Ms. Fatuma Abdulahi Elmoge: Board Member
6. Mr. Mohamed Muhumed Abdulahi: Board Member
7. Mr. Abdilaahi Abdikadir Farah: Board Member
8. Mr. Abdi Mohamed Mahdi: Board Member
9. Mr. Abdulahi Farah Adan: Board Member
10. Mr. Yassin Isse Osman: Board Member
11. Mr. Abdi Ali Jami: Board Member
12. Mr. Omar Abdulahi Hersi: Board Member

Executive Management Team

1. H.E. Mr. Khadar Ahmed – CEO
2. Mr. Nur Mohamed Ismail - VP Microfinance Service
3. Getachew Yimer Addis – VP, Corporate Service
4. Mr. Geleta Bekele Gurmessa - Executive Banking Service Director
5. Mr. Ahmed Omer Muhumed - Executive CEO Office Director
6. Mr. Mohamed Sheik Osman - Executive HR & Admin Director
7. Mr. Sadiq Ahmed Mohamed - Executive Business Strategy and ICT
8. Mr. Abdihamid Abdikadir Mursal - Executive Internal Audit Director
9. Mr. Omer Jama Ismail - Executive Risk and Compliance Director
10. Mr. Abdiwahab Mirad Layli - Executive CTO Director

Annual Reports

Please visit https://shabellebank.com/annual-reports/