Sanlam (ex-Saham)

Introduction

Sanlam Morocco (formerly Saham) is the 2nd insurance company in the kingdom. Subsidiary of South African Sanlam since 2018.

History and ownership

Founded 1995, sold to Sanlam in 2018.

Products offered

Moroccan banks do not publish rate cards: yours depends on your profile, your down payment, the term and negotiation. The only public benchmark is Bank Al-Maghrib's quarterly lending rate survey, which puts the average mortgage rate at 5.06% in the second quarter of 2026 and consumer credit at 6.81%.

Who is this bank for?

All individuals and businesses.

Our opinion

Sanlam is a serious challenger to Wafa Assurance.