Salaam Bank

Salaam Bank is a financial institution, the bank provides personal banking and corporate banking
Its Islamic banking services and facilities include Mudarabah, Murabaha, Musharakah and Istisna’a
Additionally, the bank offers electronic banking, e-Payroll, SMS banking, mobile banking and cards. Salaam Bank is part of Salaam Somali Bank (SSB)
As bank we boast of leading financial market specially in the regions of Puntland State and entire Federal Government of Somalia
Our ATM and kaaftoon services are the unique pioneer money-tech in our country Salaam Bank’s personal banking services include current accounts and savings accounts
The current accounts permit clients to pay for utilities through online, mobile, and direct debit orders, receive and wire international transfers, make payments via checks, Salaam Debit Card for purchases/withdrawals at ATM and POS locations, and access their accounts online and through mobile devices. The institution’s corporate banking services include current accounts, fund transfers, Letters of Credit, and Letters of Guarantee
The current accounts are reserved for entities with valid commercial/industrial registration
Wire fund transfers can be made from the client’s account to any other global bank account
Letters of Credit are aimed at reducing counterpart risk and can be fully or partially covered by the client
Letters of Guarantee are intended to safeguard against contractual risk and can be domestic or foreign. Additionally, the bank provides other common types of guarantees
Among these are tender/bid bonds, performance bonds, payment guarantees, and shipping guarantees.