On August 21, 2024, the Director General representing Somaliland’s financial sector regulator was honored with International Interest-Free Banking and Takaful Award at a ceremony held at Sky Hotel, Addis Ababa. This event recognized their commitment to promoting ethical and sustainable financial practices within the region. The award highlighted the efforts of both institutions in advancing interest-free banking solutions and takaful systems, ensuring financial inclusivity and supporting the economic growth of Somaliland.