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Dayax Islamic Bank was
incorporated on 7 June 2005 as a consequence of being
awarded a banking license by the Government of Puntland, Somalia.
The Bank is
scheduled to commence operating on 1st January, 2006 at its headquarters in Boosaaso, Puntland,
Somalia. Upon commencement, the Bank will be a full service
bank offering consumer banking, corporate banking,
insurance and investment services.
All its
financial products will be Shariah compliant in
accordance with Islamic principles.
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