Somalia · East Africa
Salmaster Insurance
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. The CBS spells this licensee 'Salmaster Insurance' in its English press release and 'Salmastar Insurance' in the Somali version of the same release; the English PDF spelling is used here. Ownership not researched.
Official sources
This directory holds no official website for Salmaster Insurance: 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 Salmaster Insurance
Sources checked
Products under the Salmastar brand
The Salmastar company website lists motor, medical takaful, marine cargo, fire, personal accident, travel, liability and engineering insurance. It provides a Mogadishu office contact at Suldaan Business Park and links to medical-network information for customers seeking assistance.
The master directory follows the English regulator spelling “Salmaster”; the company and the regulator’s Somali announcement use “Salmastar”. The spelling difference is retained for master-data reconciliation.
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 Salmaster Insurance.
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-salmaster-insurance · row 1235/api/v1/insurers/somalia-salmaster-insurance.json