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Salaam Bank Uganda, a provider of Shariah-compliant financial services, has won the Best New Islamic Bank award at the prestigious Islamic Finance News (IFN) Global Awards, 2024. The coveted global award recognises the bank’s commitment to providing innovative and customer-centric shariah-compliant financial solutions, as well as its significant contributions to the growth and development of the Islamic finance industry in Uganda. Winners were announced and crowned at the Global awards ceremony at Address Sky View Hotel in Dubai on Thursday, April 25. Salaam Bank Uganda Board Chairman, Mr. Ibrahim M. Abdirahman and Chief Executive Officer, Mr. Michael Mande picked the…
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President Yoweri Museveni has officially launched the national operations of Salaam Bank in Uganda. This is as he joined the Muslim fraternity for Duwa Prayers at Kololo Independence Grounds on Wednesday, March 27. Salaam Bank Uganda, a subsidiary of a Djibouti-based bank, received the licence at the central bank late on September 8, 2023, after the Ugandan Parliament passed legislation to authorise Islamic banking, which President Yoweri Museveni signed into law in August 2034. The legislation removed the requirement to establish a “central sharia advisory council”, which the Bank of Uganda had opposed. “I welcome you Salaam Bank to Uganda….
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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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