On August 21, 2024, the Director General, representing Somaliland’s financial sector regulators, was honored with the “Best Islamic Finance Regulatory Award” by Alhuda Centre of Islamic Banking and Economics during a prestigious ceremony held at Skylight Hotel, Addis Ababa.

This recognition celebrated the regulator’s dedication to promoting ethical and sustainable financial practices within the region. The award highlighted their leadership in advancing interest-free banking solutions and takaful systems, fostering financial inclusivity, and supporting the economic growth of Somaliland.