Salaam Somali Bank
| File:SalaamSomaliBanklogo.gif | |
| Private company | |
| Traded as | Islamic banking services provider |
| Industry | Banking, finance |
| Founded | 2009 |
| Headquarters | Mogadishu, Somalia |
| Products | Loans, debit cards, ATM |
|
Number of employees
|
300 ( up to Jan.2016) |
| Website | www |
The Salaam Somali Bank (SSB) is a bank headquartered in Mogadishu, Somalia.
Overview
Salaam Somali Bank was established in October 2009. It is the first international bank to operate in Somalia since 1991.[1]
A Muslim financial institution, the bank offers personal banking, commercial banking, and non-profit banking.[1] Its Islamic banking services and facilities include Mudharabah, Murabahah and Musharakah. Additionally, the bank offers online banking, mobile banking and debit cards.[2]
In 2014, the institution also began providing automatic teller machine (ATM) services at a location in Mogadishu.[3][4] The devices operate in English, and were at their launch billed as the first of their kind in Somalia.[5][6] However, the separate Salaam Bank institution headquartered in Bosaso already provided ATM services for several years prior.[7]
Services
Salaam Somali Bank's personal banking services include current accounts (personal and salary), as well as savings accounts (Dalmar savings accounts for the diaspora, Hajj-Umra account, and students savings account).[8]
The institution's commercial banking services include business current accounts, Bank Guarantees and Letters of Credit.[9]
Its non-profit banking services include a Trust Account with comprehensive banking solutions for non-governmental organizations, associations, societies and trusts.[10]
The bank also launched a microfinance product (Kalkaal) for small businesses and professionals.[11] Additionally, it offers anti-money laundering protection.[1]
See also
Notes
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External links
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