| Company type | Private: Subsidiary of Salaam African Bank of Djibouti |
|---|---|
| Founded | 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. [1] [2]
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. [3]
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. [4] 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. [4]
From inception in 2012, the institution was privately owned by the founders, who trace ancestry to China. [5] As of August 2022, Salaam Bank Uganda is a 100 percent subsidiary of Salaam African Bank, of Djibouti. [6] [7]
The headquarters and main branch network of Salam Bank Uganda are located at:
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. [8]
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