page_title: Dahabshiil
section_title: Products and services
hierarchical_section_title: Dahabshiil / Company overview / Products and services
caption_attribution_description: English: A franchise outlet of the Somali-owned money transfer company, Dahabshiil, on Morse Road in Columbus, Ohio.
context_page_description: Dahabshiil is an international funds transfer company headquartered in Dubai, United Arab Emirates. Formed in the early 1970s, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. It provides financial services to international organisations, as well as to both large and small businesses and private individuals. The company is also involved in numerous community building projects in Somaliland. It is the largest money-transfer business in Africa.
context_section_description: Remittance transfer remains Dahabshiil's core business, but the company has diversified to offer financial services to international organisations, businesses and private individuals. Most of the major international development organisations operating in Somaliland use Dahabshiil to transfer funds, including the UN, WHO, World Bank, Oxfam, Save the Children and Care International.
  In 2008, Dahabshiil acquired a majority stake in Somtel, a Somaliland-based telecommunications firm specializing in high speed broadband, mobile internet, and mobile phone services. The acquisition provided Dahabshiil with the necessary platform for a subsequent expansion into mobile banking, a growth industry in the regional banking sector.
  In early 2009, Dahabshiil opened an Islamic bank, Dahabshil Bank International, in Djibouti. An international bank, DBI provides services to business and private clients demanding Shariah-compliant financing. Operations centre on asset finance, partnership finance and lease finance.
  That same year, Dahabshiil teamed up with leading Somali retailers, hotels, restaurants, and petrol stations to launch ‘Dahabshiil eCash’, Somaliland's first debit card service.
caption: A Dahabshiil franchise outlet in Columbus, Ohio, USA.
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