Guide to Salaam Microfinance Bank Products and Branch Locations in Kenya
Salaam Microfinance Bank, formerly known as Uwezo Microfinance Bank, is one of the 14 licensed microfinance banks regulated by the Central Bank of Kenya. As a Sharia-compliant institution, Salaam is guided by Islamic financial principles and serves a broad customer base across Nairobi.
Classified as a medium-sized microfinance bank, Salaam commands a market share of approximately 1.4% as of 2025. Its operations are centered around ethical financial practices in line with Islamic values.
The bank’s head office is located at Park Plaza, opposite Jeevanjee Gardens along Moktar Daddah Street in Nairobi. Salaam Microfinance Bank operates three branches across Nairobi to serve both individuals and businesses.
Products Offered by Salaam Microfinance Bank
A. Sharia-Compliant Financing Solutions
Salaam Microfinance Bank provides a range of financing products tailored to meet the personal and business needs of customers while aligning with Islamic banking principles:
- Personal Finance Salaam
Designed to help individuals access funds in a compliant and ethical way. - Auto Financing
Enables customers to acquire vehicles without engaging in interest-based lending. - Invoice/LPO Discounting
Assists businesses in bridging cash flow gaps by converting invoices and local purchase orders into instant working capital. - Trade Finance
Supports importers and exporters with the financial solutions they need to manage cross-border transactions. - Group Investment Facility
Facilitates collective investment opportunities for chamas, cooperatives, or community groups. - Working Capital Finance
Offers funding to help businesses manage daily operational costs.
B. Savings Accounts
The bank also offers a range of saving and deposit accounts that follow Islamic principles:
- Current Account
Ideal for everyday transactions with no interest-bearing components. - Savings Account
Encourages structured savings while remaining compliant with Islamic financial rules. - Term Deposit Account
Suitable for individuals or businesses looking to lock in funds for a fixed period under agreed terms. - Group Savings Account
Designed for savings groups, investment clubs, and community-based organizations.
C. Takaful Premium Financing
This unique product allows customers to manage their Takaful (Islamic insurance) obligations more conveniently. Instead of paying the full insurance premium upfront, Salaam Microfinance Bank covers the amount directly with the insurer. The customer repays in manageable monthly installments.
Benefits:
- Immediate coverage
- No financial burden from lump-sum payments
- Compliant with Islamic insurance guidelines
Salaam Microfinance Bank Branch Locations in Kenya
1. Head Office – Nairobi
- Location: Park Plaza, Moktar Daddah Street, Opposite Jeevanjee Gardens
- Phone: +254 718 373 737 / 0710 544 444 / 0717 233 333
- Email: [email protected]
2. Park Plaza Branch
- Location: Same building as the Head Office – Park Plaza, Moktar Daddah Street
- Phone: 0703 591 302
3. Eastleigh Branch
- Location: 1st Avenue, Eastleigh, Nairobi
- Phone: 0703 591 302
4. Kimathi Branch
- Location: Biashara Street, Nairobi
- Phone: 0703 591 302
Final Thoughts
Salaam Microfinance Bank continues to set itself apart by offering innovative, ethical, and Sharia-compliant financial products. Whether you’re an individual seeking personal financing or a business looking for compliant working capital solutions, Salaam offers accessible and inclusive services tailored to your values.
Their growing presence in Nairobi reflects a strong commitment to financial inclusion and ethical banking in Kenya.
