Insurance Revolution in Somalia: Will new national Takaful Law ignite economic growth and community trust?

[Deeq A.]

While President of Somalia enacted National Takaful Law Somalia on May 16, 2025, and Central Bank approved insurance/takaful regulations and guidelines on May 24, 2024. It’s another step in the country’s reconstruction journey and new wave in the financial sector that has been protecting several masses from risks globally after 30 years of the collapse of the central government.

Source: Hiiraan Online