Al Salam Bank has announced the winners of the grand prizes for the Danat and Thimaar schemes for the year 2022. The prizes were handed out recently at “Al Salam Zone” in the City Center Bahrain, where Mr. Mohammed Abdullah Ibrahim Jameel received the grand prize of the Danat savings account worth 10KG of gold. Additionally, Mr. Khalid Ahmed Abdullah won a BD100,000 quarterly grand cash prize for the Thimaar account.
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With its commitment to contributing to educational development, Al Salam Bank has sponsored scholarships for five high school graduates with outstanding academic records in collaboration with the American University of Bahrain, the Kingdom’s first comprehensive, purpose-built, American-model co-educational university.
Al Salam Bank recently received a delegation of high school students from Al-Iman Schools at the Bank’s headquarters. During the visit, the students were introduced to the basics of Islamic banking,
Al Salam Bank recently launched “Al Salam Zone” at City Centre Bahrain, offering Ithmaar Bank retail clients, the opportunity to ask questions and learn more about Al Salam Bank’s integration roadmap. Located on the mall’s first floor until 28 February 2023, the Zone will feature an Integration Hub to help ensure a seamless transition for Ithmaar’s retail clients migrating to Al Salam Bank. It will also provide visitors with free entry to inspirational experiences associated with the Bank’s “Inspired to Grow” campaign.
Al Salam Bank recently sponsored the renovation of Al Salam Learning Center at the University of Bahrain’s College of Business Administration, which will be equipped with the latest smart board technology. The sponsorship is an extension of the Bank’s commitment to supporting key educational initiatives to enhance the financial and social wellbeing of its community as part of its environmental, social, and governance (ESG) framework.
Al Salam Bank has announced a number of ESG initiatives focused on supporting education, health and women empowerment in Bahrain. The move is part of the Bank’s ongoing efforts to support the financial and social wellbeing of the community as well as the Kingdom’s Economic Vision 2030 and the United Nations’ Sustainable Development Goals (SDGs).
Al Salam Bank recently announced the signing of an exclusive partnership agreement with Visa, renewing its collaboration with the global payments technology company. This follows Al Salam Bank’s acquisition of select assets from Ithmaar Holding, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank.
Al Salam Bank has unveiled a nationwide campaign under the theme of ‘Inspired to Grow’, celebrating the Bank’s new chapter of accelerated growth. Inspired by the Bank’s commitment to support the social and financial wellbeing of the local community, as well as its Environmental, Social and Governance (ESG) obligations, the campaign aims to engage the entire community in a tree-planting initiative for a greener Bahrain.
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) recently announced that it has completed the acquisition of select assets from Ithmaar Holding B.S.C. (“Ithmaar Holding”) (Bahrain Bourse and Dubai Financial Market Trading Code “ITHMR”) in the Kingdom of Bahrain, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank, in a transaction worth US$2.2 billion.
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) reported a net profit attributable to shareholders of BD 6.8 million (USD 18 million) in the third quarter of 2022, compared to BD 5.6 million (USD 14.8 million) for the same period in 2021, reflecting a 22% increase, primarily driven by growth in core banking activities.