Hawala and bank Dahabshiil - Abdirashid Duale How It Works

What follows is an excerpt from an interview of Abdirashid Duale, the founder of Dahabshiil. It was published by Somaliland Express on 09/09/09.



-Shimron Issachar

What makes you different from the other money transfer service providers like Western Union and Money Gram?

We are totally different from Western Union and Money Gram because we are inexpensive and oriented towards business as well. Dahabshiil like the other international money transfer services is a truly global operation providing a broad range of financial services to businesses both large and small and international organisations as well as the private individuals. We also operate under full banking licenses in a number of East African countries and are expanding this aspect of our business month on month.

• We have 1,000 branches and agents in over 40 countries around the world and international offices in London and Dubai.
• We have offices in 18 states in the US. We are the leading financial services organisation in the Horn of Africa. We focused on the quality of service.
• We can transfer as much as a business man wants within seconds while our competitors may take some time. Our services are internet based like theirs but we put a lot of emphasis on the time factor.

The other difference we have from them is that we allow our customers to negotiate with us. A person sending US $100 to the US or UK will only pay $2 as service fee and when it is an inland transaction say sending money from Kampala to Arua, $100 will be sent for less than $2. We aim at serving more people while charging less so as to earn more.

The Rest @ Somaliland Express

Dahabshiil Opening an Islamic Bank in Djibouti?

Dahabshiil is runnng advertisments in Keny to staff Banking positions inf Djibouti.
Interpretation:

Dahabshiil is opening up full scale islamic bank in Djibouti. This is an interesting move on their part... see the adds below.

-Shimron Issachar


Our client is a leading International Financial Services Provider, registered in UK and UAE (Dubai) with more than 1000 branches and agents in 44 countries around the world.

Currently our client is in the process of setting up an Islamic Bank in the Republic of Djibouti. The new bank seeks to fill a number of senior executive positions with dynamic individuals that have solid experience and a successful track record in banking and finance.

These positions require superior leadership and communication skills as well as ability to work with others in a multicultural environment. Fluency in English -written and oral is essential whilst ability to speak Arabic or French is desirable. Prior experience of Islamic Banking is also highly desirable.

The new bank offers opportunities for rewarding career growth and a competitive compensation package designed for attracting and retaining the best talents in the respective fields.

Immediate vacant posts include:
Chief Executive Officer
Head of IT & Project Manager
Head of Finance
Head of Treasury
Head of Credit
Administration & HR Manager
Database & System Administrator
Technical Support & Network Administrator
If you have the prerequisite skills and experience please forward your updated CV with contact details to:

• adam.jama@dahabshiil.com
• cindy.cruz@dahabshiil.com

Before the closing date of 12th June 2009.