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He has played a pivotal role in the seamless acquisition of Top Finance Bank by Salaam African Bank S.A, headquartered in Djibouti and subsequent transition into a fully-fledged Islamic financial institution and rebranded as Salaam Bank Limited. He also led the bank to obtain the first Islamic Banking License from the Bank of Uganda on September 8th, 2023. He holds over 13 years of executive leadership and operational expertise. He has undergone rigorous training at esteemed institutions such as the CEO Summit, Strathmore Business School, Busara Leadership Partners in South Africa, and the Rise School in Nairobi among others. I…
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Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This followed the signing and handover of the operating license by the Deputy Governor, Bank of Uganda Michael Atingi-Ego to the Shareholders’ representative, Salaam Bank, Mr. Michael Mande, on Friday September 08th 2023. Speaking during the event, the Deputy Governor Dr. Michael Atingi-Ego reaffirmed the government and indeed Bank of Uganda’s salient mandate to provide an enabling economic environment that facilitates both local investments and attracts foreign investors. “As a strategically…
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Many people are interested in the phenomenon of Islamic Finance, particularly in how it differs from conventional banking. Islamic Banking and financial systems exist to provide a variety of Sharia-compliant financial services without religious discrimination with a view to fostering economic growth, socioeconomic justice, equitable distribution of income and wealth, stability of the value of money and the mobilisation and investment of savings for economic development in a way that ensures a just return to all parties involved. The introduction of Islamic Banking and Finance in Uganda followed the assent to the Financial Institution’s Amendment Act (Act 2 of 2016)…
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