Salaam Murabaha Loan
Salaam Microfinance Bank
Last updated: November 13, 2026
Lender site unavailable
★★★★★
0/5Based on 0 Reviews
Interest Rate
Not confirmed
Loan Amount
Ksh 5,000 - Ksh 1,000,000 (not confirmed by the provider)
Approval Time
24-48 hours
Processing Fee
Not stated
Rating Breakdown
5★
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Total: 0 Reviews
Pros & Cons
Pros
- Sharia-compliant (no interest)
- Takaful insurance included
- Open to all Kenyans regardless of faith
- Lower minimum loan amount
- No early repayment penalty
- CBK-licensed
Cons
- Profit rate comparable to interest rates elsewhere
- Lower maximum loan amount
- Limited branch network
- Shorter maximum repayment period
Customer Reviews
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Product Details
Features
- Sharia-compliant Murabaha financing
- No interest charged (profit-sharing model)
- Takaful (Islamic insurance) included
- Licensed by Central Bank of Kenya
- Halal-certified financial products
- Personal and business financing
- Mobile banking access
Eligibility Requirements
Age: 18 years
Required Documents
- National ID
- Proof of income
- Business permit (for business financing)
- Utility bill
Repayment Options
M-PesaBankBranch
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