History
Founded in 2024 by a group of Somali business leaders and finance professionals, Sahal SACCO began with 50 founding members. Today, we serve 300 members with $251,000 in member savings.
Who We Are
Sahal SACCO is a member-owned savings and credit cooperative established to promote ethical saving, financial inclusion, entrepreneurship, and sustainable economic development in Somalia.
300 Members
•
$251,000 Member Savings
•
Est. 2024
Why We Were Established
Sahal SACCO was founded to fill the gap in ethical, Sharia-compliant financial services for Somali communities. We exist to provide access to savings, financing, and investment opportunities that respect both Islamic principles and the dignity of our members.
We are not a bank. We are a cooperative — owned by the same people we serve.
Member-Owned
Every member is a shareholder with voting rights.
Licensed & Regulated
Operating under national cooperative regulations.
Sharia Supervisory Board
Independent oversight, quarterly audits.
300 Members
Growing cooperative since 2024.
Governance
Sahal SACCO operates under a dual governance framework: the Board of Directors oversees strategy and member interests, while the independent Sharia Supervisory Board ensures all products comply with Islamic financial principles.
Board of Directors
11 members →
Sharia Supervisory Board
3 scholars →
11Board members
3Sharia scholars
2024Established
2024Founded in Mogadishu
2019Launched Mudaraba savings
2023Mobile banking platform
2025300 members, $251,000 savings
Leadership
Garad Hassan
Chairman, Board of Directors
Liban Isse
Vice Chairman, Sharia Board
Liban Isse
Chief Executive Officer
Discuss investment options
Speak with our member services team about your goals and available programs.
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