Kampala, (UG):- Salaam Bank Uganda Limited has been recognized as the Best Green Financing and Real Estate Financing Financial Institution in Uganda for the year 2024/2025, a prestigious award in honour of its commitment to promoting responsible investment and excellence in the banking industry.
The recognition was awarded by Public Opinions, a renowned organization that promotes responsible investment and excellence in various industries certifying Salaam Bank as a 2024/2025 Uganda Responsible Investment and Uganda Development Champion.
As a responsible investment and development champion, Salaam Bank Uganda has demonstrated its commitment to contributing to the attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals (SDGs).
The bank’s focus on green financing and real estate financing has been instrumental in promoting sustainable development and economic growth in the country.
As Uganda’s first fully-fledged Islamic financial institution in Uganda, the bank’s commitment to innovation and customer-centricity has also been recognized. The bank has introduced a range of innovative products and services, including Sharia-compliant financing solutions, that cater to the diverse needs of its customers.
With a vision to contribute significantly to the economic development of the region, Salaam Bank stands poised to serve as a beacon of Islamic banking, fostering financial inclusivity and innovation within the Ugandan community.
As part of recognition as a responsible Investment and a Certified Uganda Development Champion, Salaam Bank will be inducted in the Uganda Development Champions Journal for Certified Responsible Investments which is distributed by Public Opinions to Government Officials, Members of Parliament, Chief Executive Officers, Security Officials, etc.
The Recognition is an initiative of Public Opinions International in association with the Office of the Minister of State for Investment and Privatization Ministry of Finance, Planning and Economic Development dedicated to the promotion of Responsible Investment in Uganda.
The achievement is a significant milestone for Salaam Bank Uganda, which has been at the forefront of promoting Islamic banking and financial inclusion in the country. Its commitment to delivering Sharia-compliant financial solutions has earned it a reputation as a trusted and innovative financial institution.
Salaam Bank launched in Uganda
In 2023, H.E Yoweri Kaguta Museveni President of the Republic of Uganda officially launched Salaam Bank Uganda Limited at Kololo Ceremonial Ground. The ceremony was attended by over 60,000 youth and women from different parts of Uganda.
This licence for Salaam Bank Uganda, formerly Top Finance Bank Limited (TFBL), was handed over to us on the 8th of September 2023, which was the birthday month of Your Excellency, Mr. President, we sincerely thank you for supporting us wholeheartedly. The establishment of an Islamic Bank marks a significant milestone in Uganda’s journey towards economic empowerment and inclusive financial growth,” he said.
“Islamic finance offers among others, Shari’a compiled bonds from which the government can raise capital for various infrastructure and projects. We are hopeful that the government of Uganda will embrace this opportunity because of its immense benefits,” Mr Mande Michael stated.
The launch was attended by The Minister of Foreign Affairs and International Cooperation of Djibouti who led the Djiboutian delegation to Uganda, Mr. Mahmoud Ali Youssouf, who extended warm greetings of the President of Djibouti, H.E Ismaïl Omar Guelleh to President Museveni.
Mr. Ali Youssouf underscored the inspiring ambition of the Salaam Group to broaden the scope of its activities all over the continent including Uganda which he said has a safe and solid financial institution.
The ONC Manager, Hajjat Hadijah Uzeiye Namyalo thanked President Museveni for loving and always supporting Muslims in the country.
Michael Mande, the force behind Salaam Bank rise
Salaam Bank Uganda’s Managing Director and Chief Executive Officer, Mr Michael Mande has been instrumental in leading the bank’s growth and development. His leadership skills and exposure have played a key role in establishing the bank as a major player in the Ugandan banking industry.
Mande is a vibrant Chief Executive who has led the bank to rise and to be appreciated by Ugandans. His leadership skills and exposure have played a key role in the development of the bank and strategic engagement of people and key leaders from different sectors of the political economy.
He has been able to establish links with the political elites as well as the Business Community. His biggest achievement is creating confidence of Ugandans in the Islamic Banking system.
About Public Opinions
Public Opinions started in 2008 under the leadership of Buyinza Adam Luzindana and has today expanded as the leading public awareness, information dissemination, and public relations firm in Uganda. The firm is a leader in Information dissemination, Public Awareness, Public Relations, Corporate Branding, Printing of Promotional and Campaign Materials, Investment Promotion, recognising best-performing Leaders and Corporate Bodies, Publishing the Annual Uganda Development Champions Journal, etc.
Buyinza Adam Luzindana, the CEO of Public Opinions was a member of the National Executive Committee (NEC) of the National Resistance Movement, where he served as Regional Chairman for the NRM Youth League Kampala Region from 2011-2015.
He also served as the Supreme Leader of the Uganda Poor Youth Movement from 2014 to 2019 when it was allegedly disbanded, and previously as Chairman and Supreme Leader of the Makerere University Poor Students Association (MUPOSA).
To date, Buyinza is the Managing Director of Buyinza Group Limited a company involved in General Trading, Real Estate Development, Foods and Beverages, etc. He is passionate about Diplomacy, International Relations and Strategic Engagements.
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