×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App
The Standard

Islamic banking gets traction in Africa as Salaam Bank feted

By Ahmed Wehliye | 1yr ago
Salaam Bank Uganda Board chairman Ibrahim Abdirahman and CE0 Michael Mande during IFN Global Awards 2024. [Courtesy]

Islamic banking is gaining ground in Africa, with many more countries adopting it.

This emerged during a global awards ceremony in Dubai, the United Arab Emirates, on Thursday, April 25, where Salaam Bank Uganda was feted.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

["Islamic banking","Salaam\u00a0Bank Uganda","Islamic Finance"]
.

Similar Articles

State rallies support for Sacco reforms
State rallies support for Sacco reforms
Cooperatives and MSMEs Development Cabinet Secretary Wycliff Oparanya has intensified his quest to institute radical reforms in the country’s cooperative movement. 
Business
By Patrick Beja
5 hrs ago
Jubilee asset management records surge in profitability
Jubilee asset management records surge in profitability
Jubilee Asset Management Limited, a subsidiary of Jubilee Holdings, has staged a strong financial comeback, posting a return to profitability for the year that ended on December 2025.
Business
By Esther Dianah
5 hrs ago
EU unblocks 90-bn-euro Ukraine loan after Hungary row
EU unblocks 90-bn-euro Ukraine loan after Hungary row
The EU on Wednesday gave the green light to unblock a 90-billion-euro ($106 billion) loan for Kyiv, after the deadlock was broken in a months-long row between Ukraine and Hungary.
Business
By AFP
12 hrs ago
Kisumu port targets 700,000 tonnes as expansion fuels Lake Victoria trade boom
Kisumu port targets 700,000 tonnes as expansion fuels Lake Victoria trade boom
Kisumu Port is targeting 700,000 metric tonnes in cargo volumes throughout the year
Shipping & Logistics
By Olivia Odhiambo
17 hrs ago
Revealed: Delayed wages push salaried Kenyans to survive on advance loans
Revealed: Delayed wages push salaried Kenyans to survive on advance loans
A report by UNIFI reveals that over half of salaried Kenyans rely on advance loans to cope with delayed wages and rising living costs.
Work Life
By Joackim Bwana
18 hrs ago
Co-op Bank creates holding company, eyes regional growth
Co-op Bank creates holding company, eyes regional growth
Domestic operations will move to a new subsidiary as the listed entity becomes a non-operating parent overseeing multiple business units.
Business
By Brian Ngugi
20 hrs ago
Small businesses grow faster when they work together
Small businesses grow faster when they work together
Businesses do not have to choose between working together and competing. They can do both, depending on where value is created.
Opinion
By Lydiah Kiburu
20 hrs ago
Middle East crisis: How MSMEs can beat rising fuel prices
Middle East crisis: How MSMEs can beat rising fuel prices
the transport and logistics sector is heavily dependent on fuel and any disruptions will significantly increase costs to both consumer products and commuters. 
Enterprise
By Graham Kajilwa
21 hrs ago
How unpaid work is becoming Africa's unlikely career ladder
How unpaid work is becoming Africa's unlikely career ladder
Unpaid work offers early-career professionals real responsibility, leadership exposure and professional networks that formal employment often withholds until later career stages.
Enterprise
By David Njaaga
21 hrs ago
Small rides, big shift: Inside Kenya's Tuk-Tuk digital transformation
Small rides, big shift: Inside Kenya's Tuk-Tuk digital transformation
The introduction of integrated tourism payment platforms is being viewed as a turning point, with the potential to convert Tuk-Tuks into mobile payment points across the country. 
Enterprise
By Nanjinia Wamuswa
21 hrs ago
.

Latest Stories

State rallies support for Sacco reforms
State rallies support for Sacco reforms
Business
By Patrick Beja
5 hrs ago
Jubilee asset management records surge in profitability
Business
By Esther Dianah
5 hrs ago
EU unblocks 90-bn-euro Ukraine loan after Hungary row
Business
By AFP
12 hrs ago
Kisumu port targets 700,000 tonnes as expansion fuels Lake Victoria trade boom
Shipping & Logistics
By Olivia Odhiambo
17 hrs ago
.

The Standard Insider

.

Digger Classified

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel
The Standard
© 2026. The Standard Group PLC. All rights reserved