Dahabshiil Group derives its name from the first business established by Mohamed Said Duale in 1970. Dahabshiil, which translates to “gold smelter”, is synonymous among Somalis around the world with sending money home to loved ones. Financial services, therefore, are at the heart of The Dahabshiil Group of companies.

Dahabshiil Money Transfer

Secure money transfers you can trust

Dahabshiil Money Transfer (DMT) was one of the first and remains among the leading facilitators of financial transfers to East Africa. Starting with just radios, pens, and papers during the Somali civil war in the 1980s, DMT has evolved into one of the most innovative fintech companies operating in fragile and developing states, providing a secure and reliable method of supporting some of the world’s most vulnerable populations.

eDahab

eDahab is a mobile money transfer service allowing users to send and receive money, access their Dahabshil Bank International accounts, or send and receive airtime all via the Somtel network.

Dahabshil Bank International

Inclusive Islamic banking on the Somali peninsula

Dahabshil Bank International (DBI) is a full-service Islamic bank licensed by the central banks of Somalia and Somaliland. DBI offers corporate and personal banking, including dedicated Dahabo accounts for its female clients. Through its asset financing wing, DBI is powering the economic revitalization of the Somali peninsula while pushing for the region’s greater integration with global financial markets.

East Africa Bank

Modern Islamic banking in the trade gateway to the Horn

Licensed by the Central Bank of Djibouti, East Africa Bank (EAB) offers personal, business, and corporate Islamic banking products to Djibouti, the trade gateway to the Horn. Since June 2021, EAB has partnered with the International Finance Corporation (IFC) of the World Bank Group to further support importers and exporters in Djibouti and support the local economy.

MicroDahab MFI

Creating jobs, empowering people, building resilience

MicroDahab is a self-financed and sustainable Micro-Finance Institution established to alleviate poverty and promote financial inclusion. Operating throughout the Somali peninsula MicroDahab provides financial products to vulnerable communities, targeting youth and women, to create employment opportunities. With a special emphasis on climate change adaptation initiatives, MicroDahab also intends to build the resilience of a region facing some of the most severe impacts of global warming.

DahabPlus

A convenient, secure alternative to traditional money transfers

DahabPlus is our flagship app, enabling users to send access and manage a range of Dahabshiil Group services via their smart phones.

Governance, Risk and Compliance

With financial services at its core, the Dahabshiil group of companies is committed to setting the standard for corporate governance, risk management, and compliance with all relevant regulations throughout all areas of operations.Though the regulatory environment varies from one jurisdiction to another, Dahabshiil Group financial services companies maintain a set of core policy principles everywhere it operates.

Anti-Money Laundering & Counter-Terrorist Financing (AML/CTF)

Given that Dahabshiil group companies operate primarily in most conflict-affected and fragile regions of the world, the group's financial service companies have invested significant resources and attention to AML/CTF policies and procedures.

Know Your Customer (KYC)

All Dahabshiil Group financial services companies maintain departments and teams dedicated solely to ensuring that KYC policies meet or exceed the criteria of their respective jurisdictions, that transactions are monitored, and suspicious activities detected.

Sanctions Compliance

All Dahabshiil Group financial services companies use sophisticated software for onboarding and client monitoring to ensure KYC processes are screened against comprehensive sanctions databases.

Anti-Bribery and Corruption

All Dahabshiil Group companies maintain strict anti-bribery and corruption policies and ensure their staff are familiar and comply with such policies.

Data Protection

All Dahabshiil Group companies maintain comprehensive data protection policies based on six guiding principles:

lawfulness, fairness and transparency
purpose limitation
data minimisation
accuracy
storage period limitation, and integrity and confidentiality.