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Salaam Bank Uganda gets Prince Nakibinge’s backing, eyes bigger market share

KAMPALA, UGANDA – In a move aimed at strengthening its presence in the Ugandan banking sector, Salaam Bank Uganda has secured the endorsement of His Royal Highness Prince Kassim Nakibinge, titular head of Muslims in Uganda.

The endorsement, which came during a courtesy visit by Salaam Bank Uganda Managing Director Michael Mande, is seen as a major milestone for the bank as it seeks to expand its market share in the country.

Industry analysts believe that the royal seal of approval will not only enhance the reputation of Salaam Bank Uganda but also pave the way for greater adoption of Islamic banking services among the Muslim community.

With the support of Prince Nakibinge, Salaam Bank Uganda is well positioned to tap into the growing demand for Shariah-compliant financial solutions, potentially attracting a larger customer base and gaining a competitive advantage in the market.

The bank’s strategic move to engage with key stakeholders and promote Islamic banking principles aligns with its mission to provide innovative and inclusive financial solutions that meet the diverse needs of the Ugandan market.

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