Salaam Somali Bank
 | |
| Company type | Private company |
|---|---|
| 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]
Salaam Somali Bank herein SSB, is an Islamic bank which targets both consumers and businesses BtoC/BtoB, 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]
SSB established new branches in The last 3years. the bank expanded well when to compare 2012. 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 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
- ^ a b c "About us". Salaam Somali Bank. Retrieved 9 October 2014.
- ^ "Salaam Somali Bank". Halal Stock. Archived from the original on 9 October 2014. Retrieved 9 October 2014.
- ^ "Somalia's First ATM Machine Opens In Mogadishu". Fox News. 7 October 2014. Retrieved 9 October 2014.
- ^ "Somalia's first cash machine opens in Mogadishu". BBC. 7 October 2014. Retrieved 4 November 2014.
- ^ "Somalia gets its first cash machine ever". Business Daily. 7 October 2014. Retrieved 4 November 2014.
- ^ "Businessmen from the Diaspora Criticize the ATM Installed by Salaam Bank". Dalsan Radio. 1 November 2014. Archived from the original on 5 November 2014. Retrieved 4 November 2014.
- ^ "Personal Banking". Salaam Bank. Retrieved 4 November 2014.
- ^ "Personal banking". Salaam Somali Bank. Retrieved 9 October 2014.
- ^ "Business banking". Salaam Somali Bank. Retrieved 9 October 2014.
- ^ "Non-profit banking". Salaam Somali Bank. Retrieved 9 October 2014.
- ^ "Microfinance". Salaam Somali Bank. Retrieved 9 October 2014.