Salaam Microfinance Bank, formerly known as Uwezo Microfinance Bank, is a Sharia-compliant financial institution licensed by the Central Bank of Kenya (CBK). As one of the 14 licensed microfinance banks in Kenya, Salaam Microfinance Bank offers a range of Islamic-compliant financial products designed to meet the needs of individuals, businesses, and groups. The bank operates with a commitment to providing ethical financial services based on Islamic principles, ensuring that customers receive a secure and reliable banking experience.
You can access banking services 24/7 via the Salaam Pay app or the USSD code *315#.
Banking Channels & Access
- Digital Banking: Use the Salaam Pay application for mobile and internet banking.
- USSD Code: Dial *315# to check balances, transfer funds, pay utilities, and access PesaLink.
- ATMs: Access your account 24/7 using your Salaam Microfinance Bank ATM card at any branch or partner ATM.
- Customer Support: Reach the helpline at +254 718 373737 or +254 710 544444.
Key Products & Services
The bank offers a range of Sharia-compliant (interest-free) products designed for both personal and business needs.
- Savings & Deposits:
- Current Account: Requires a minimum balance of Ksh 1,000; includes a chequebook and free e-statements.
- Savings Account: Standard accounts focused on individual saving goals.
- Term Deposit Account: For maximizing growth on fixed-term investments without risk.
- Financing (Loans):
- Salaam Autofinance: Quick vehicle financing, often processed within 24 hours.
- Personal & Working Capital Finance: For emergency needs or maintaining business cash flow.
- Group Investment Facility: Targeted at chamas and group projects.
Main Branch Locations
While the bank is expanding into Garissa, Mombasa, and Eastleigh, its primary operations are currently centered in Nairobi.
| Branch | Physical Address | Standard Operating Hours |
|---|---|---|
| Head Office | 12th Floor, I&M Towers, Muindi Mbingu St, Nairobi | Mon–Fri: 8 AM–5 PM; Sat: 8 AM–5 PM |
| Park Plaza | Moktar Daddah St, Opposite Jivanjee Garden, Nairobi | Mon–Fri: 8 AM–5 PM; Sat: 8 AM–5 PM |
| Kenyatta Ave | Ground Floor, I&M Bank Tower, Nairobi | Mon–Fri: 8 AM–5 PM; Sat: 8 AM–5 PM |
All branches are closed on Sundays
The bank has three branches located in Nairobi, and its head office is situated at Park Plaza, opposite Jeevanjee Gardens along Moktar Daddah Street. Salaam Microfinance Bank offers a variety of products in financing, savings, and insurance premium financing, as detailed below:
Salaam Microfinance Bank Products
Financing Products
- Personal Finance Salaam
Tailored financing options to help individuals meet their personal needs. - Auto-Financing
Loan products for purchasing vehicles, with competitive terms. - Invoice/LPO Discounting
Financial services that help businesses manage cash flow by discounting invoices and LPOs (Local Purchase Orders). - Trade Finance
Financing options to facilitate trade and support business growth. - Group Investment Facility
Financing for group investments, allowing businesses to pool resources for larger projects. - Working Capital Finance
Short-term financing solutions to support business operations and manage cash flow.
Saving Products
- Current Account
A flexible account for day-to-day banking needs, allowing easy access to funds. - Saving Account
An account that helps individuals save money for future needs with attractive interest rates. - Term Deposit Account
A savings account with fixed terms that offers higher interest rates for longer-term deposits. - Group Saving Account
A savings account for groups to pool their resources and save collectively.
Takaful Premium Financing
This product allows customers to pay their insurance premiums in monthly instalments, rather than a lump sum amount. The bank ensures the insurance premiums are paid directly to the insurer while the customer enjoys the flexibility of making monthly payments.
List of Salaam Microfinance Bank Branches
- Salaam Microfinance Bank Head Office
Location: Park Plaza, Opposite Jeevanjee Gardens, Moktar Daddah Street, Nairobi
Phone: +254718373737, 0710 544 444, 0717 233 333
Email: [email protected] - Park Plaza Branch
Location: Park Plaza, Opposite Jeevanjee Gardens, Moktar Daddah Street, Nairobi
Phone: 0703 591 302 - Eastleigh Branch
Location: 1st Avenue, Eastleigh, Nairobi
Phone: 0703 591 302 - Kimathi Branch
Location: Biashara Street, Nairobi
Phone: 0703 591 302
