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HASI Consulting — Horn of Africa Strategic Initiatives

Sector 05 of 07

Financial services

Financial institutions here operate under Shariah principles, evolving regulation and rising expectations of governance — usually at the same time. Our work spans Islamic banking advisory, governance and controls, audit and assurance, and the research behind a new product.
Who this covers
Banks, Islamic finance institutions, mobile money and investors
Named clients
6 on the clients page
Lead practices
Organizational Development · Research & Evaluation

The operating context

What is different about financial services here

Institutions operate under Shariah principles, evolving regulation and rising expectations of governance at the same time. A product decision is rarely only a product decision.

Shariah compliance and international banking practice are usually treated as two separate workstreams. They are cheaper and more robust when designed together.

Our work spans Islamic banking advisory, governance and controls, audit and assurance, and the market research behind a new product.

A trader settling accounts by mobile money against a paper ledger

The work

What organizations here ask us for.

The requests on the left; the practices that answer them on the right. Most engagements in this sector combine at least two.
  • 01Islamic banking strategy and Shariah-compliant product development
  • 02Shariah governance, compliance and risk advisory
  • 03Audit, assurance and internal control improvement
  • 04Market research and feasibility for new financial services
  • 05Board and staff capacity building
  1. 01Organizational & Business DevelopmentStrategy, operating model, investment readiness, finance, people and project delivery.
  2. 04Research, Monitoring & EvaluationMarket research, feasibility, baselines, monitoring and evaluation, and social research.
  3. 06Technology & SystemsIT strategy, network and systems design, cloud, cybersecurity and procurement advisory.
  4. 05Human Capital DevelopmentTraining needs analysis, curriculum and materials, delivery, assessment and e-learning.

Named clients in this sector

The full client base
  • Dahabshiil Bank
  • Dahabshiil Group
  • Amal Bank
  • Premier Bank
  • Salaam Somali Bank
  • eDahab

Marks identify the organizations concerned. They do not imply a current endorsement or an active engagement. Client names are as published in the HASI Company Profile 2026.

Questions

Asked in this sector.

Is HASI a licensed statutory auditor?
We provide independent audit, assurance and accounting services in accordance with local regulations, IFRS and ISA. Where an engagement needs an opinion that must be signed by a licensed auditor in a specific jurisdiction, confirm that at scoping and we will tell you plainly what we can and cannot sign.
Can you help develop a Shariah-compliant product end to end?
Yes — from market research and feasibility through product design, Shariah governance and compliance, to staff and board capacity building.

Other sectors

Financial services

Shariah compliance and international practice, designed together.

Product, governance, audit or research — tell us which decision your institution faces and we will shape the engagement around it.

Discuss your situationAll sectors

Or write to hasiconsulting@hasiconsulting.com.