Our Regulatory Framework
Salaam Investment Bank operates in full and continuous compliance with Kenya's capital markets legislative and regulatory framework — upholding orderly, fair, and transparent market conduct at every level of our business.
The bank is licensed and supervised under the Capital Markets Act, Cap. 485A of the Laws of Kenya — the primary statutory basis governing all investment bank operations in the Republic.
All operations conform to the Capital Markets (Licensing Requirements) (General) Regulations, covering capital adequacy thresholds, licensing conditions, and ongoing conduct obligations.
We adhere strictly to the CMA's investor protection framework, including the prohibition of market manipulation and the prompt, equitable disclosure of all material price-sensitive information.
Every director and key management personnel undergoes rigorous CMA Fit and Proper assessments — ensuring the highest standards of integrity and professional probity across our entire leadership.
The bank maintains liquid capital in excess of the minimum levels prescribed under the Capital Markets Regulations at all times, providing a resilient buffer for clients and counterparties.
Our licence remains valid subject to ongoing adherence to the Capital Markets Act, all applicable Regulations and CMA Guidelines, and any additional conditions stipulated by the Authority.
Governance & Oversight
Salaam Investment Bank is guided by an experienced and diverse Board that combines deep regional financial expertise with independent, objective oversight.
Serial entrepreneur with over 15 years of leadership across East Africa and Southeast Asia. CEO of Salaam Group, Founder of Waafi Bank Malaysia and Salaam Somali Bank. Expertise spanning banking operations, trade finance, AML/CTF, asset management, and fintech. Holds an MBA.
Over two decades of experience in auditing, financial management, and corporate governance across banking, insurance, and financial services. Independent Director of Salaam African Bank S.A. and Non-Executive Director of Waafi Bank Limited. Holds ACPA and CAT qualifications.
Technology and business development executive with over 20 years across telecommunications, oil and gas, and corporate governance. Director of Business Development at Telesom. Holds an LLM in International Commercial Law and a Master of Advanced Networking (Open University, UK).
Over three decades of leadership in banking, governance, and public administration. Former Board Chairman of Salaam Investment Bank and former President of Salaam African Bank. Current President of the Board of Tamini Insurance S.A. Holds a PhD in Human Resource Management.
Multidisciplinary expert in agricultural development, food security, and international consultancy across the Horn of Africa. Board Member since 2019 and former Rector of Hormuud University. Has undertaken assignments for UNDP, FAO, UNFPA, USAID, and OXFAM.
Executive Management
A seasoned international banking and finance executive with over two decades of experience in Islamic finance, corporate advisory, asset management, and capital markets across the Gulf, Africa, and Europe. He leads Salaam Investment Bank's strategy across asset management, corporate advisory, and brokerage.
Previously Managing Partner and Founder of Amani Partners in Dar es Salaam — an advisory boutique focused on Shariah-compliant advisory and asset management for East African markets.
Earlier career roles include Managing Director and Global Head of Islamic Banking at Crédit Agricole CIB (Bahrain and Dubai), and senior positions at HSBC Investment Bank and HSBC Holdings in London and Dubai. Holds an MBA from London Business School and a BA in Economics from Concordia University, Montreal.
Compliance Commitments
In accordance with the Capital Markets Act and CMA Regulations, the bank upholds the following core obligations across all operations and client relationships.
Absolute prohibition of market manipulation in any form, supported by active internal controls and ongoing surveillance to uphold fair and orderly markets on the Nairobi Securities Exchange and beyond.
Prompt and equitable disclosure of all material, price-sensitive information in compliance with CMA public disclosure requirements and the Capital Markets (Securities) Regulations.
Robust AML and counter-terrorism financing frameworks aligned with Kenyan financial intelligence standards, with rigorous KYC procedures embedded across all client-facing operations.
All products and services are structured in strict accordance with Shariah principles. Appropriate oversight mechanisms ensure Shariah compliance across the bank's full range of offerings.
Client funds and securities are held in fully segregated accounts under CMA-approved custodian arrangements, safeguarding investor assets in line with Capital Markets Act requirements at all times.
The Board maintains a clear and documented separation between executive and non-executive functions, with an Independent Director providing objective oversight per CMA governance guidelines.
Regular submission of financial returns, capital adequacy reports, and compliance attestations to the Capital Markets Authority in accordance with prescribed timelines, formats, and requirements.
Full cooperation with all CMA on-site inspections, off-site surveillance activities, and any requests for information or documentation as required under the Capital Markets Act and associated regulations.