| Company type | Private: Subsidiary of Salaam African Bank of Djibouti |
|---|---|
| Founded | 2012; 13 years ago (2012) |
| Headquarters | Head Office, 4th Floor, Rwenzori Courts Plot 2 - 4A Nakasero Road Kampala, Uganda |
| Key people | Michael Mande Chief Executive Officer |
| Website | Homepage |
Salaam Bank Uganda, formerly Top Finance Bank Limited (TFBL), is a commercial bank in Uganda. The institution received an Islamic commercial banking license, on 8 September 2023. The license was personally handed over by the Acting Governor of the Bank of Uganda, Dr Michael Ating-Ego. It is the first commercial bank in the country authorized to operate according to Islamic Shari'ah law.
Location
The headquarters and main branch of Salaam Bank Uganda are located on the 4th Floor, Rwenzori Courts, Plot 2 - 4A, Nakasero Road, Kampala, Uganda. This is within the Central Division of the capital city.
History
In 2012, the institution was founded and registered on 14 June 2012. It was licensed on 8 September 2014 by the Bank of Uganda, as Tier II Credit Institution under the name Top Finance Bank. In August 2022 Salaam African Bank (SAB), a commercial bank based in Djibouti, acquired Top Finance Bank at an undisclosed price. SAB also maintains subsidiaries in Kenya and maintains a representative office in Ethiopia.
Ownership
From inception in 2012, the institution was privately owned by the founders, who trace ancestry to China. As of August 2022, Salaam Bank Uganda is a 100 percent subsidiary of Salaam African Bank, of Djibouti.
Branch network
The headquarters and main branch network of Salam Bank Uganda are located at:
- Head Office, 4th Floor, Rwenzori Courts, Plot 2 - 4A Nakasero Road, Kampala, Uganda. Main Branch
Governance and management
As of February 2024, Michael Mande, a technology professional, enthusiast and career banker, serves as the Managing Director and Chief Executive Officer. He leads a team of senior managers, responsible for the day-to-day management of the institution's affairs.
See also
References
- CEOMU (11 September 2023). "Salaam Bank, Formerly Top Finance Bank Gets Uganda's First Islamic Banking License". CEO Magazine Uganda (CEOMU). Kampala, Uganda. Retrieved 5 February 2024.
- Uganda Radio Network (9 September 2023). "Salaam bank issued first Islamic banking license in Uganda". The Observer (Uganda). Kampala, Uganda. Retrieved 5 February 2024.
- ^ Salaam Bank Uganda (6 March 2024). "Contact Us". Salaam Bank Uganda. Kampala, Uganda. Retrieved 6 March 2024.
- ^ Samuel Muhimba (9 August 2022). "Top Finance Bank Uganda acquired by Djibouti's SAB". Nile Post Uganda. Kampala, Uganda. Retrieved 5 February 2024.
- Samuel Nabwiiso (18 June 2018). "Uganda: Chinese Finance Group Eyes Uganda Trade". East African Business Week via AllAfrica.com. Kampala, Uganda. Retrieved 5 February 2024.
- Martin Luther Oketch (10 August 2022). "Djibouti-based bank acquires Top Finance". Daily Monitor. Kampala, Uganda. Retrieved 5 February 2024.
- Patricia Amito Lutwama (11 October 2023). "Salaam Bank Is A Useful Addition To The Banking Industry In Uganda". New Vision. Kampala, Uganda. Retrieved 6 March 2024.
- Samuel Muhimba (11 September 2023). "Ugandans urged to fully utilise Islamic banking as Salaam Bank secures BoU licence". Nile Post Uganda. Kampala. Retrieved 5 February 2024.
External links
- Website of Salaam Bank Uganda
- Uganda: Top Finance Bank Uganda Acquired By Djibouti's SAB As of 9 August 2022.
00°18′59.1″N 32°34′47.8″E / 0.316417°N 32.579944°E / 0.316417; 32.579944
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