As at 31st December, the total net assets in the banking sector stood at USD 171 million, the largest bank in terms of net assets is Dahabshil Bank International (DBI), DBI is a fully-fledged Sharia compliant bank licensed by the Bank of Somaliland (Website: https://www.dahabshilbank.com). Dar-Salaam bank (DSB) is also fully Shari’ah compliant institution and the second largest bank in Somaliland (Website: http://www.darasalaambank.com). Premier Bank Ltd, which is the newest international Islamic bank to open up business in the country. It is a fully fledged Islamic bank licensed by the Bank of Somaliland.

The Central Banking Act No: 54/2012 gives the Bank of Somaliland the authority to regulate Islamic Banks by issuing licenses, registering, and monitoring and guiding the activities of Islamic Banks. The Islamic Banking Act No: 55/2012 provides the conditions that Banks need to meet to operate in Somaliland.