Author Archives: Al Salam Bank

​Al Salam Bank partners with Bahrain Bourse and Central Bank of Bahrain on new Shari’a-compliant asset-trading framework

​Al Salam Bank (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which allows for the use of Bahrain-issued Ijara Sukuk as the underlying asset in Murabaha financing frameworks. The innovative new structure meets a growing

​With the aim of fostering the growth of Islamic Finance in Bahrain Al Salam Bank sponsors the BIBF Islamic Finance Handbook

​Al Salam Bank announced the sponsorship of the Islamic Finance Handbook for practitioners, produced locally by the Bahrain Institute of Banking and Finance (BIBF), to further bolster Islamic Finance training, reinforcing the Kingdom’s position as a hub of the Islamic Finance Industry in the

​Financial Guidelines from the COVID-19 Pandemic

The coronavirus pandemic has a profound impact on every aspect of life. At Al Salam Bank, we are committed to assisting our clients and the wider community. These are challenging times, but they also present opportunities to learn as we go forward. With that in mind, we would like to share a number of important short-term and long-term personal financial guidelines to help in preparing for the future.

​Al Salam Bank Launches its Virtual Branch to Expand Banking Channels

In line with the digitization strategy, Al Salam Bank, the pioneering Shari’a-compliant Bank in the Kingdom, has announced the launch of its virtual branch. The virtual branch provides customers with safer, faster and more convenient banking services in light of the unprecedented circumstances caused by the COVID-19 pandemic.

Al Salam Bank’s ASB Global REIT Fund posts record 25.75% total return in 2019

​Al Salam Bank, the pioneering Shari’a-compliant Bank in the Kingdom, announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the year ended 31 December 2019. Launched in 2014 as one of the first Shari’a compliant REIT Funds and converted to a global mandate in 2017, the ASB Global REIT Fund has holdings in REITs listed on stock exchanges globally with exposures to various sub-sectors of real estate. The current portfolio is mainly comprised of US REITs, i

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