Hargeisa, Somalia — The Central Bank of Somaliland has successfully concluded a three-day intensive training program in Islamic banking and economics for its management and staff, as part of its broader push to strengthen financial sector capabilities.
Organized in collaboration with the Al-Huda Islamic Banking and Economics Organization, the program was designed to deepen the bank’s expertise in Islamic financial services. It covered nine modules—two delivered remotely—and was led by senior specialists with extensive experience in the field.
Participants examined international best practices in Islamic banking and discussed how to tailor such frameworks to Somaliland’s economic landscape. Senior officials who attended hailed the training as “highly beneficial” and pledged to integrate the new knowledge directly into their day-to-day roles.
“This training is not a one-off event, but part of our continuous effort to build a strong, capable institution,” stated Central Bank Governor Abdinasir Ahmed Hersi during the closing ceremony. He emphasized that developing local expertise is central to advancing Somaliland’s financial markets and service quality.
Deputy Governor Hamse Abdiraman Khayre echoed this commitment, stressing that the lessons learned must translate into practical application across the bank’s operations. “Knowledge should not remain theoretical—it must be implemented to achieve real progress,” he said.
At the end of the training, certificates were awarded to all participants, including managers, directors, and support staff. The initiative reflects the bank’s long-term strategy to strengthen governance, enhance service delivery, and support the development of a robust Islamic finance sector in Somaliland.
