Horn of Africa & Beyond

Setting the Standard
in Business

Salaam Group is a diversified holding company spanning banking, real estate, fintech, and logistics. Growing our customers and communities across Djibouti, Somalia, and East Africa.

9
Banking Institutions
4
Telecom Networks
3
Takaful Insurers
$160M
Fuelstor Terminal

A Legacy of Trust & Growth

<strong>Salaam Group</strong> is one of the Horn of Africa's leading diversified business groups. Founded on principles of Islamic finance and community development, we have grown from a single banking institution in 2008 into a multi-sector ecosystem.

Our portfolio spans <strong>nine banking institutions</strong>, <strong>four telecommunications networks</strong>, <strong>Takaful insurance</strong>, the <strong>$160 million Fuelstor energy terminal</strong>, major <strong>real estate developments</strong>, <strong>Hormuud University</strong>, the <strong>Hormuud Salaam Foundation</strong>, and cutting-edge <strong>fintech and logistics</strong> platforms across the Horn of Africa.

Headquartered in Djibouti with operations across Somalia and East Africa, we provide high quality and innovative services that grow our customers.

Our Core Values

  • Shariah-compliant finance and ethical business practices
  • Financial inclusion for diaspora and underserved communities
  • Affordable, high-quality housing for every family
  • Connecting communities through telecommunications and digital innovation
  • Education and philanthropy investing in Somalia's next generation
  • Long-term partnerships with global financial institutions

Companies & Ventures

26 subsidiaries across banking, telecommunications, insurance, energy, education, real estate, technology, and trade.

🏦

Banking & Finance

Shariah-compliant commercial banking, diaspora services, and digital finance across East Africa and the Horn.

Salaam Bank

Djibouti

Award-winning commercial bank setting the standard in East Africa since 2008. Mortgage, car loans, business asset financing, and secure e-commerce card solutions.

Commercial Banking Asset Financing E-Commerce Cards
banksalaam.com →

Salaam Bank Uganda

Kampala, Uganda

Uganda's first fully licensed Islamic bank, licensed by the Bank of Uganda in September 2023. Shariah-compliant personal and business banking for all faiths, rooted in integrity, ethics, and financial inclusivity.

First in Uganda Islamic Banking Licensed 2023
salaambank.co.ug →

Salaam Microfinance Bank

Nairobi, Kenya

A fully Shariah-compliant microfinance bank regulated by the Central Bank of Kenya. Over a decade of operations providing ethical banking products and internet banking services nationwide.

Microfinance Shariah Compliant CBK Regulated
www.salaammfbank.co.ke →

Salaam Investment Bank

Nairobi, Kenya

Licensed investment bank under Kenya's Capital Markets Authority. Offers Shariah-compliant asset management, corporate advisory, and brokerage across capital markets.

Investment Banking Asset Management CMA Licensed
salaaminvestments.com →

Salaam Somali Bank

Mogadishu, Somalia

Personal and business banking with mobile app, internet banking, trade financing, land finance, car finance, and diaspora services.

Personal Banking Diaspora Mobile App
salaambank.so →

Dara Salaam Bank

Hargeisa, Somalia

The first fully Shariah-compliant bank in Somaliland, established in 2010. Offers personal and corporate accounts, asset financing, trade services, letters of credit, and the Waafi mobile banking app.

First in Somaliland Islamic Banking Since 2010
darasalaambank.com →

Waafi Bank

Kuala Lumpur, Malaysia

The world's first virtual international Islamic bank. Branchless, Shariah-compliant banking with Hajj savings, ethical investments, interest-free accounts, and 24/7 global live support ? open an account online in days.

Virtual Banking International Hajj Savings
waafibank.com →

Salaam Bank (SPB)

Bosaso, Somalia

Regional banking network connecting Salaam institutions and financial services across the Horn of Africa.

Regional Network Financial Services
salaam-bank.net →

Agro Africa Bank

Somalia

Agriculture-focused banking with retail and corporate services, microfinance, and the Buraaq digital payment platform.

Agri-Finance Buraaq App Microfinance
agrobank.so →
🏠

Real Estate & Development

Large-scale urban developments and property management delivering affordable, high-quality homes and commercial spaces.

Salaam Real Estate

Djibouti

A 2.4 million sqm urban development with 7,000+ residential properties ? schools, healthcare, mosques, parks, and 24/7 gated security.

7,000+ Homes Gated Community Affordable
salaam-city.com →

Al Buruuj Group

Djibouti

Real estate development and investment group delivering premium residential and commercial projects across the region.

Development Investment
alburuujgroup.com →

Buruuj Building Materials

Djibouti

Building materials supply supporting Salaam Group construction and development projects with quality materials at scale.

Construction Materials Supply
buruujbm.com →

Islamic Insurance (Takaful)

Shariah-compliant Takaful insurance protecting individuals and businesses through mutual risk-sharing and ethical investment across East Africa.

Tamini Insurance

Djibouti

The first Islamic insurance company in Djibouti, founded in 2021. Offers automotive, marine, home, travel, business, and personal Takaful through cooperative mutual funds aligned with Islamic principles.

First in Djibouti Takaful Since 2021
tamini-insurance.com →

Tamini General Insurance

Kampala, Uganda

Uganda's first licensed Islamic Takaful insurer, launched in 2026 as a sister company to Salaam Bank Uganda. Offers motor, fire, and property cover ? completing a seamless halal finance and insurance ecosystem.

Takaful Uganda General Takaful Salaam Bank Sister
www.tamini-insurance.co.ug →

Takaful Insurance of Africa Ltd (TIA)

Nairobi, Kenya

A pioneer of ethical Takaful in Kenya since 2008, offering general and life insurance including motor, fire, medical (AFYA), and micro-Takaful. Part of the Salaam Group through Tamini Insurance's majority stake.

TIA Kenya Since 2008
takafulafrica.co.ke →

Energy & Infrastructure

Strategic energy and logistics infrastructure anchoring Djibouti as the primary energy artery for East Africa and the Horn.

Fuelstor

Damerjog, Djibouti

A $160 million (DJF 30 billion) multi-product energy terminal on 22 hectares in Damerjog. Stores, trades, and redistributes fuel, LPG, and edible oil with 400,000 metric ton capacity. Connecting global supply markets to growing demand across Ethiopia and the Horn of Africa. Construction led by Somagec.

$160M Investment 400K MT Capacity 22 Hectares Fuel ? LPG ? Edible Oil

FoodEx

Damerjog, Djibouti

A leading force in East Africa's edible oil logistics, offering manufacturing, storage, transport, and distribution solutions. Operating from Djibouti's strategic Damerjog hub, FoodEx leverages rail-linked infrastructure alongside Fuelstor to deliver safety, speed, and quality across the region.

Edible Oil Manufacturing Distribution Rail-Linked
📱

Telecommunications

Connecting the Horn of Africa through mobile, fixed-line, fiber, and digital services ? Somalia's largest private employers and innovators in telecom.

Hormuud Telecom

Mogadishu, Somalia

Somalia's largest telecommunications company and private-sector employer, founded in 2002. Offers GSM, fixed line, mobile banking, EVC Plus, and the Waafi app ? Somalia's first privately held company to achieve international ISO certification.

20,000+ Employees EVC Plus Waafi App ISO Certified
www.hormuud.com →

Telesom

Hargeisa, Somaliland

Leading telecom provider in Somaliland offering 5G, fiber-to-home, fiber-to-business, eSIM, and unlimited data bundles. Pioneering next-generation connectivity across the region.

5G Network Fiber Internet eSIM
www.telesom.com →

Golis Telecom

Bosaso, Puntland

The largest telecommunications operator in Puntland, founded in 2002. Extensive GSM, fixed-line, and internet network covering all major cities and 50+ districts across northeastern Somalia.

Puntland Leader GSM & Internet Since 2002
www.golistelecom.com →

Somnet Telecom

Mogadishu, Somalia

A leading 4G LTE network operator in Somalia since 2012, providing mobile GSM, data services, and value-added digital solutions from its headquarters in Mogadishu.

4G LTE Mobile Data Since 2012
www.somnettelecom.com →
🎓

Education & Foundation

Investing in Somalia's future through higher education, scholarships, and the country's largest corporate philanthropic foundation.

Hormuud University

Mogadishu, Somalia

A private non-profit university established in 2010, specializing in engineering, technology, veterinary, and social sciences. One of Somalia's leading higher education institutions shaping the nation's future leaders.

Engineering Technology Since 2010
hu.edu.so →

Hormuud Salaam Foundation

Mogadishu, Somalia

Somalia's first and largest corporate philanthropic foundation, established in 2013 and funded by Hormuud Telecom and Salaam Somali Bank. Supports education, healthcare, scholarships, infrastructure, youth engagement, and humanitarian response.

First in Somalia Philanthropy Scholarships Since 2013
hormuudsalaamfoundation.org →
🚀

Technology & Services

Fintech, logistics, and digital platforms powering commerce and connectivity across Djibouti and beyond.

Swift Djibouti

Djibouti

Fast, reliable logistics and courier services connecting businesses and consumers across Djibouti.

Logistics Courier Delivery
swiftdjib.com →

Waafi

Djibouti

Digital financial services and mobile wallet platform enabling seamless payments and money transfers.

Fintech Mobile Wallet Payments
waafi.dj →

UKAB Group

Djibouti

Diversified business group within the Salaam ecosystem, expanding into new markets and ventures.

Holding Diversified
ukabgroup.com →

Contact Salaam Group

Reach out for partnerships, investor relations, or general inquiries.

📍
Headquarters

Djibouti & Horn of Africa

📞
Phone

+253 21 33 14 00

Email

info@salaam-group.com

🌐
Website

salaam-group.com

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