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SALAAM Somali Bank (SALAAM)

SALAAM Somali Bank (SALAAM)

Established : 2009
Salaam Somali Bank deliver Islamic banking services & facilities such as Mudharabah, Murabahah, Musharakah, online banking, mobile banking, ATM (automatic teller machine), Debit cards, letter of credits etc.

Contact Info Products & Services
Address : Sakhawadiin Street , Xamarweyne, Mugadishu, Mugadishu, Mugadishu, Somalia
Phone : +255-1-656565, +252-1-654820
Fax : +252-1-654345

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For the first time, Somali entrepreneurs have ventured to establish an Islamic bank in Somalia, Salaam Somali Bank.

The new bank would deliver state of the art quality services and facilities to the customers such as online banking, mobile banking, ATM (automatic teller machine), Debit cards, letter of credits etc. The projects of the bank pledging investment and development are undertakings, The bank functions are based on the Islamic principles and will not charge interest on its transactions.

Vision:
The vision of Salaam Somali Bank is to become the leading provider of Islamic Sharia complaint financial products and services in East Africa region.

Mission:
As its mission states, Salaam bank strives to grow to be the pioneer in providing sharia complaint services in the region through putting forward high-tech and up to date financial services which are interest free and based on Islamic principles.

Ojectives:
The major objectives of Salaam Somali Bank are the following:
-To do all the banking operations and services in line with the Islamic sharia.
-To pool the savings of households and firms to finance viable sharia complaint projects.
-Mobilize the ideas and wealth of Diasporas of the region in order to harness them in the reconstruction and development of their original countries.
-To bring the most creative financial services and products to the customers.
-To contribute to the economic development of East African communities in general and Somali community in particular.
-To enhance the employees know-how in management and Islamic banking.

Banking Products & Services :
-Islamic Banking
-Mudharabah
-Murabahah
-Musharakah

Personal Banking :
-Current Accounts
-Saving Accounts
-Inv. & Financing
-Card Services
-SMS Services
-Exchange Rates

Extra
Branch :
H/Wadaag Street, Bakaaro, Market, Mogadishu, Somalia
Tel. +2521-216060, +2525- 920400, +2521-653085
Fax. +2521-654345
Map (Map is for reference purposes only.)
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