Somalia · East Africa
Baraka Takaful Insurance Ltd
Profile highlights
3 badgesTakaful / Islamic
Based on this profile’s recorded business data. Not an endorsement or a financial-strength rating.
Domestic private
Based on this profile’s recorded ownership data. Not an endorsement or a financial-strength rating.
Listed in Africa
Based on this profile’s recorded location data. Not an endorsement or a financial-strength rating.
Licensed under the Islamic Insurance (Takaful) Law 2025. Ownership not researched.
Official sources
This directory holds no official website for Baraka Takaful Insurance Ltd: the CBS register does not publish one and no sourced profile has been accepted. The register is the authoritative record of who is licensed.
Business profile
Understanding Baraka Takaful Insurance Ltd
Sources checked
Takaful products for households and businesses
Baraka’s Somalia catalogue lists motor, health, student protection, property, travel, marine and livestock takaful. It also identifies Kaaliye Care among its health offerings and provides a Mogadishu contact for customers seeking information about its cooperative insurance products.
About takaful / islamic business
Takaful uses a Sharia-compliant risk-sharing structure. This directory category can include family takaful, general takaful and retakaful; it does not establish that this operator offers every form.
General guidance for the directory category. Specific products and terms must be confirmed with Baraka Takaful Insurance Ltd.
Explore the Somalia insurance market or other entries in this category.
Questions to ask about cover
- Is this family takaful, general takaful or retakaful?
- How are contributions, operator fees and any surplus treated?
- Which exclusions, waiting periods and claims procedures apply?
For an existing policy, use the insurer and service contact named on your policy schedule. Have your policy reference and a short description of the enquiry ready.
- Class of business
- Takaful / IslamicSharia-compliant risk-sharing operators (takaful, participation and retakaful).
- Parent / group
- Parent not named in registerThe register records no parent for this entity, which is not a finding that it has none.
- Ownership
- Domestic privateOwned by domestic private shareholders with no cross-border parent.
- Regulator
- Central Bank of Somalia (CBS)centralbank.gov.so
- Local currency
- SOS
- Source basis
- Central Bank of Somalia press release Ref. 1746-CU-01/27, 27 January 2026, 'Central Bank of Somalia (CBS) Grants First Licenses to Takaful (Islamic Insurance) companies': at its meeting on 24 January 2026 the CBS Board approved the licensing applications of four takaful insurance companies - First Somali Takaful Insurance LTD, Amanah Insurance LTD, Baraka Takaful Insurance LTD and Salmaster Insurance. Retrieved as the CBS's own PDF and, independently, as the post body from the CBS WordPress REST API in both English and Somali.
- Country verification
- Partially verified - the Central Bank of Somalia's own press release names the four first-ever licensed takaful companies (board decision 24 Jan 2026), but the CBS publishes no standing register page, so a later licence cannot be ruled out · Central Bank of Somalia press release Ref. 1746-CU-01/27, 27 January 2026, 'Central Bank of Somalia (CBS) Grants First Licenses to Takaful (Islamic Insurance) companies': at its meeting on 24 January 2026 the CBS Board approved the licensing applications of four takaful insurance companies - First Somali Takaful Insurance LTD, Amanah Insurance LTD, Baraka Takaful Insurance LTD and Salmaster Insurance. Retrieved as the CBS's own PDF and, independently, as the post body from the CBS WordPress REST API in both English and Somali.
- Identifiers
- slug somalia-baraka-takaful-insurance-ltd · row 1234/api/v1/insurers/somalia-baraka-takaful-insurance-ltd.json