| Company type | Private: Subsidiary ofSalaam African Bank ofDjibouti |
|---|---|
| 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, formerlyTop Finance Bank Limited (TFBL), is a commercial bank in Uganda. The institution received anIslamic commercial banking license, on 8 September 2023. The license was personally handed over by the Acting Governor of theBank of Uganda, Dr Michael Ating-Ego. It is the first commercial bank in the country authorized to operate according to IslamicShari'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, asTier II Credit Institution under the nameTop Finance Bank.[4] In August 2022 Salaam African Bank (SAB), a commercial bank based inDjibouti, acquired Top Finance Bank at an undisclosed price. SAB also maintains subsidiaries inKenya and maintains a representative office inEthiopia.[4]
From inception in 2012, the institution was privately owned by the founders, who trace ancestry toChina.[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 theManaging Director andChief Executive Officer. He leads a team of senior managers, responsible for the day-to-day management of the institution's affairs.[8]
00°18′59.1″N32°34′47.8″E / 0.316417°N 32.579944°E /0.316417; 32.579944
