Author Archives: Al Salam Bank

Al Salam Bank, Bahrain’s leading bank and one of the fastest growing banks in the region, has been named Bank of the Year Bahrain 2025 by The Banker magazine, part of the Financial Times Group and one of the most prestigious global award programs in the financial sector. The accolade follows a rigorous five-month evaluation of more than 1,000 applications from leading financial institutions worldwide, with The Banker selecting only one winner per country each year, a distinction that underscores the significance and competitiveness of this recognition.

Al Salam Bank has been awarded the Mobile Excellence Award at the OutSystems ONE Executive Day UAE 2025, in recognition of its advanced mobile banking capabilities and its effective use of modern digital platforms to deliver secure, reliable, and high-quality banking experiences for clients.The award recognizes the Bank’s successful implementation of the OutSystems platform across its mobile banking channels, reflecting its ability to design, deploy, and scale digital solutions efficiently while maintaining strong standards of security, governance, and operational resilience.
Al Salam Bank’s mobile banking application offers clients a comprehensive and intuitive digital experience, enabling them to manage their banking needs seamlessly anytime and anywhere. Key features include instant account access, fund transfers, bill payments, card management, financing applications, real-time transaction tracking, and enhanced security controls, all delivered through a streamlined and user-friendly interface.This recognition underscores Al Salam Bank’s broader digital strategy, which focuses on strengthening its mobile and digital banking capabilities through agile technology platforms, data-led decision-making, and continuous improvement. The Bank is also cultivating a Citizen Developer ecosystem, empowering business and technology teams to collaboratively design and enhance digital solutions using governed low-code platforms. This approach accelerates innovation, shortens time-to-market, and ensures that digital capabilities remain closely aligned with client and business needs. By adopting modern development approaches, intelligent automation, and a controlled Citizen Developer model, the Bank has enhanced its ability to introduce new features efficiently while maintaining robust security, compliance, and governance standards.Hosted by OutSystems, the ONE Executive Day UAE convened senior executives, technology leaders, and industry experts to explore emerging trends in digital transformation and the alignment between business objectives and technology execution. At the event, Mohammed AlShehabi, Head of Innovation at Al Salam Bank, represented the Bank in a panel discussion titled “The Role of AI and Low-Code in Accelerating Digital Transformation and Driving Innovation.”Commenting on the recognition, Mohammed AlShehabi, Head of Innovation at Al Salam Bank said “This award reflects the disciplined execution of our digital strategy and our focus on building practical, secure, and client-centric mobile banking solutions. Our mobile banking application continues to evolve to meet clients’ daily banking needs, combining ease of use with strong security and reliability. We remain committed to enhancing our digital channels in ways that deliver real value and support our clients’ changing expectations.”

December 2025 Al Salam Bank has announced a strategic collaboration with Ebrahim K. Kanoo, the exclusive distributor of Toyota in Bahrain, to introduce a comprehensive financing solution for Toyota’s Hybrid range. This partnership reinforces the commitment of both organizations to supporting sustainable mobility in line with Bahrain’s national vision for cleaner and more energy-efficient transportation.

Al Salam Bank has announced the signing of a strategic agreement with the Ministry of Housing and Urban Planning and Eskan Bank to participate in the recently launched Tumooh Program. This initiative was unveiled on the sidelines of Cityscape Bahrain 2025 and is designed to support citizens at the beginning of their homeownership journey.

Al Salam Bank has announced the launch of the “Al Salam Bank Business” app, aimed at providing an integrated digital banking experience for small and medium-sized enterprises (SMEs) in the Kingdom of Bahrain. This launch aligns with the Bank’s ongoing efforts to empower entrepreneurs and streamline their day-to-day banking operations by offering smart and simplified solutions.

Al Salam Bank announced the appointment of ASB Capital, the asset management and investment banking arm of Al Salam Bank Group with AUM of USD 6 billion, as Joint Lead Manager for Kuwait Finance House’s USD 850 million Additional Tier 1

Al Salam Bank announced the collaboration of the ASB Pay Business platform, specialized in providing Shari’a-compliant digital point-of-sale solutions, with ONE App, the Bank’s comprehensive financial application, to offer a distinctive financing solution to visitors during Jewellery Arabia 2025, by enabling the conversion of any purchase made using a debit card into easy monthly installments for up to 3 months, without requiring the merchant to be enrolled in any installment program.

Al Salam Bank has announced the wages payment service for corporates and institutions of all sizes, including small, medium, and large enterprises. This step aligns with the enhanced Wages Protection System (WPS), introduced by the Labour Market Regulatory Authority (LMRA) in collaboration with the Central Bank of Bahrain and other relevant entities.