Business and Economics Journal

Department of Accountancy, SIMAD University Mogadishu, Somalia

Publications

• Case Report   
  Regulatory Compliance and Supervisory System of Islamic Banks in Mogadishu Somalia
  Author(s): Hamdi Jama Warsame* and Fatima Abdullahi Suleiman
  
  This research concentrates on the current regulatory and supervisory environment for Islamic banks in Somalia, including their compliance with and ability to effectively oversee that framework. The transition to conventional banking in Somalia is fraught with difficulties. Existing banking regulations are inadequate. The goal of this study was to investigate the regulatory and supervisory background of Islamic banking in Somalia in order to provide recommendations for how to best accommodate this banking system. There is an emphasis on depth of experience and personal insight in this study. We also used interviews to gather data from customers of the Premier, Dahabshil, Amal, and Salama banks. What's more, the research uncovered that Islamic banking presents its own unique set of dangers. Credit risks, which impact P&L transactions, and market risks, which .. Read More»
  DOI: 10.37421/2151-6219.2022.13.392

  Abstract HTML PDF