Asal Microfinance review
Updated October 12, 2026 · VaultCue Editorial Team
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Our verdict
For people outside mainstream banking, Asal Microfinance offers Shariah compliant savings and microfinance built around inclusion and enterprise growth. It suits women, youth and small enterprises seeking community rooted finance, and it reports more than three thousand customers and more than five thousand jobs created.
Key facts
- Best for
- Shariah compliant savings for excluded communities and enterprises
- Access terms
- Funds placed on a savings, fixed maturity or fixed time call account; profits shared with the customer after a specified period on a pre-agreed basis↗
- Account kind
- Fixed↗
- Legal entity
- ASAL Microfinance↗
- Headquarters
- Somalia↗
- Founded
- 2020↗
- Support channels
- Email, Phone, Help-centre↗
- Official website
- asalmicrofinance.com
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- Shariah compliant products for women, youth and small enterprises
- Agriculture support runs through farming, livestock and fishing chains
- Technology led outreach widens access to enterprise finance
Cons
- Focus stays on excluded groups rather than mainstream savers
- Range centres on enterprise and farming needs rather than general saving
- Shariah structures set clear limits around how funds operate
Who it suits
- Women in individual or group business
- Youth seeking enterprise and education support
- Farmers and livestock keepers in agricultural value chains
Who should look elsewhere
- People seeking conventional mainstream banking
- Savers wanting general purpose accounts
How Asal Microfinance compares
Where Asal Microfinance is available
- Available
- Somalia
- Licence in Somalia
- Central Bank of Somalia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Asal Microfinance do?+
Asal Microfinance provides Shariah compliant financial and product solutions for people largely outside mainstream banking. Its ultimate aim centres on accessible and efficient support for small and medium enterprises seeking finance for organisational goals.
Which sectors does Asal Microfinance cover?+
Support covers farming, livestock, fishing and processing across the whole agricultural value chain. It also covers Bajaj and motorcycle finance, LPO finance, e commerce, retail shops, cosmetics and clothing.
How large is Asal Microfinance?+
The business reports more than three years building access to finance. It also reports more than three thousand customers and more than five thousand jobs created through technology led expansion.
Which company operates Asal Microfinance?+
Asal Microfinance is operated by ASAL Microfinance. (Source, checked September 26, 2026)
Where is Asal Microfinance based?+
Asal Microfinance is based in Somalia. (Source, checked September 26, 2026)
When was Asal Microfinance founded?+
Asal Microfinance was founded in 2020. (Source, checked September 26, 2026)
How can I contact Asal Microfinance support?+
Asal Microfinance offers support through Email, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- asalmicrofinance.com/about-us checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“Established in the year 2020, we have since provided over 3.7M to over 2,500 micro, small and medium sized clients (MSME’s)”
- asalmicrofinance.com/faq checked September 26, 2026
Backs: Support channels
“E-mail us info@asalmicrofinance.com / Call us +252 610 273 439, with an FAQ page answering questions on loan tenure, eligibility and application”
- asalmicrofinance.com/mudharaba checked September 26, 2026
Backs: Access terms, Account kind
“At Asal this product will specifically be used to mobilize funds on investment(savings) account, Fixed Maturity Account, and fixed time call Account ... share the (actual) realized profits with the...”
Compiled from 3 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit, Deposit protection.