About Tawakal Group
A parent group uniting global remittance and ethical Islamic banking — trusted across 14 countries and growing.
Who we are
Tawakal Group brings together a family of companies across money transfer and banking — working as one to serve people and businesses with reliability, compliance, and care.
What began as a trusted name in remittance has grown into a multi-sector group. Each company operates with its own focus and expertise, while sharing the standards, values, and trust that carry the Tawakal name across every market we serve.
Tawakal Express and SomBank form a portfolio that spans cross-border payments and ethical Islamic banking — serving communities at home and abroad.
Group highlights
Tawakal Express
Founded in 2003 and headquartered in Garowe — a fully licensed global remittance company operating directly in 14 countries, with U.S. operations through Banana Pay LLC.
SomBank
Founded in 2017 and licensed by the Central Bank of Somalia — delivering ethical, Sharia-compliant banking across major cities in Somalia and beyond.
AAOIFI membership
SomBank is a member of the Accounting and Auditing Organization for Islamic Financial Institutions — the global standard in Islamic finance.
Digital-first services
From Tawakal's mobile wallet ecosystem and T-Shield agent app to SomBank's T-Plus wallet and online banking — built for speed, security, and accessibility.
14+
Countries served
9+
SomBank cities & agents
22+
Years of remittance
2
Group companies
Our journey
2003 — Tawakal Express
Founded in Garowe, Somalia — beginning as a trusted remittance service for the diaspora.
Regional expansion
Grew into a licensed global network across Africa, Europe, North America, the Middle East, and Oceania.
2017 — SomBank
SomBank founded by Somali professionals — fully licensed under the Central Bank of Somalia with Sharia-compliant banking.
A growing group
Tawakal Group formed around remittance and ethical Islamic banking — two specialised companies, one standard of trust.
2025 — Digital acceleration
Tawakal expanded corridors to Ethiopia, Egypt, and Europe; SomBank strengthened T-Plus and AAOIFI compliance; both invested in digital platforms.
Today
14 countries, humanitarian remittance partnerships, inclusive financing, and award-winning leadership — serving communities at home and abroad.
Mission & Vision
Our mission
To deliver secure, fast, and trusted financial services — remittance and Sharia-compliant banking — that empower individuals, businesses, and communities to move money and build prosperity with confidence.
Our vision
To be the most trusted financial group in the Horn of Africa and beyond — connecting people worldwide through innovation, compliance, and inclusive services.
Our core values
Integrity & compliance
Licensed across all jurisdictions — from KYC/AML frameworks at Tawakal Express to AAOIFI Sharia standards at SomBank.
Innovation
Digital-first platforms — mobile wallets, T-Plus, T-Shield, and real-time cross-border transfers.
Community focus
Humanitarian remittance, inclusive financing for farmers, youth, and women, and grassroots partnerships.
Excellence
Recognised leadership and service — including Somali Hero and Global Somali Awards in 2025.
Customer-centric
Speed, security, and accessibility in every product — built around the people and businesses we serve.
Group structure
Parent group
