Somalia and Malaysia: Rekindling Ties Through Trade Collaboration

Mogadishu, July 2024 | Waafi Bank and key Somali leaders explore Somalia-Malaysia trade opportunities in education, human capital development, Islamic banking, Halal food, and other sectors.

Waafi Bank is excited to be a part of the journey of forging a new path of cooperation between Somalia and Malaysia. Yasin M. Ibar, CEO of the Somali Bankers Association, for his instrumental role in co-hosting a gathering in Mogadishu that brought together some of Somalia’s leading figures from the government, academia and the private sectors to meet with Waafi Bank’s Directors, Dr. Mohamed Ashraf Iqbal and Dr. Mohamed Qalib Daqane.

Meeting Board of Somalia and Malaysia: Rekindling Ties Through Trade Collaboration
Trade Opportunities
 

The discussions focused on rekindling and strengthening the relationship between Somalia and Malaysia where there is a wealth of potential for collaboration in areas like education, human capital development, and Islamic banking. The conversation also explored exciting opportunities to increase trade in Halal food and pharmaceuticals, which will benefit both nations.

The initial gathering was a promising start, and we hope it lays the foundation for a more formal organisation to keep the momentum going. We are confident that by working together, Somalia and Malaysia can achieve great things.

Group Photo of the Somalia and Malaysia gathering to Rekindle Ties Through Trade Collaboration
Group photo of attendees at the gathering in Mogadishu
List of attendees:

International Islamic University Malaysia (IIUM) Alumni

  1. ⁠ Mohamed Abdikarim, Director of Salaam Centre
  2. Yasin M. Ibar, CEO of the Somali Bankers Association
  3. ⁠Liban Abdulkadir Qasin, Senior Advisor, National Telecommunication Agency
  4. ⁠Ahmed Mohamed aka Mowlid, Senior Advisor, Ministry of Social Affairs
  5. ⁠ Shafi’e, Director of the Somali Research Association

University of Technology Malaysia Alumni

  1. ⁠Mohamed Hassan Hashi, Director of Operations, Central Bank of Somalia
  2. ⁠Abdullahi Mohamed Ali, former Director General at the Ministry of Labour and Social Affairs

University of Malaya Alumni

  1. ⁠Ismail Abdulkadir aka Neero, Head of Public Relations, HORMUUD Telecom

Universiti Utara Malaysia (UUM) Malaysia

  1. ⁠Yasin M. Baffo, Businessman and consultant of tourism in Somalia
  2. ⁠ Mohamed Abdullahi Janune, Director of THE 7 Institute (Think Tank)

Kuala Lumpur Metropolitan University College (KLMUC)

  1. Abdifatah Ga’al, Deputy Rector, Horseed International University
Group Photo of the Somalia and Malaysia gathering to Rekindle Ties Through Trade Collaboration
Group Photo at the gathering in Mogadishu
This article is brought to you by Waafi Bank.

Waafi Bank is the world’s first virtual international Islamic bank. We provide Islamic banking services to people across the globe and take pride in empowering the global Muslim ummah with inclusive banking. Our commitment to sustainability —including for all our staff — means we have no physical branches or even offices, all completely online. Alhamdulillah, what a great time to be alive!

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