As part of its ongoing efforts to enhance the banking experience of the clients, Al Salam Bank has announced the launch of the enhanced version of its Loyalty Points Program. The new version focuses on rewarding credit card and Multi-Currency Prepaid cardholders, in addition to rewarding a wide range of other types of banking transactions
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In Line with the Launch by the Ministry of Housing and Urban Planning and Eskan Bank… Al Salam Bank Announces Special Offer on "Tasheel+" and Launches a New "Reducing Installment Additional Financing" Product
27
Apr
Apr
Al Salam Bank, in collaboration with the Ministry of Housing and Urban Planning ,and Eskan Bank, has announced the launch of the “Tasheel+” product, a comprehensive financing solution combining the key features of both the “Mazaya” and “Tasheel” schemes. The product offers financing of up to BD 91,000/- with flexible contribution options, in a step aimed at delivering more comprehensive financial solutions to citizens under social housing initiatives.
Al Salam Bank has announced the launch of the 2025 Danat Savings Scheme – the largest and most rewarding edition in the scheme’s history. This year’s scheme marks a continuation of the Bank’s annual flagship campaign to promote a culture of saving, while further establishing Danat as the Kingdom’s biggest savings program in terms of prize value. It also reflects the Bank’s ongoing commitment in rewarding its loyal clients with life-changing financial opportunities.
10
Apr
Apr
Al Salam Bank has been named Bahrain’s Bank of the Year for 2024 by The Banker magazine. The prestigious award highlights the Bank’s leading position in the financial sector, recognizing its strong financial performance, successful acquisitions, seamless integrations, and commitment to delivering innovative financial solutions
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Al Salam Bank Signs Memorandum of Understanding with Eagle Hills Diyar to Offer Real Estate Financing Solutions
07
Apr
Apr
Al Salam Bank has announced the signing of a Memorandum of Understanding with Eagle Hills Diyar, a leading real estate developer, to provide seamless real estate financing solutions for clients looking to own residential units in Marassi Bay, Marassi Terraces, and Palace Residences.
24
Mar
Mar
Al Salam Bank has announced that its Shari’a Audit Department has achieved the ISO 90012015 Quality Management System Certification for the second time in a row, awarded by Lloyd’s Register Quality Assurance Limited (LRQA), an entity officially accredited by the United Kingdom Accreditation Service (UKAS).
In celebration of the holy month of Ramadan, Al Salam Bank in collaboration with Solidarity Bahrain has launched an exclusive offer granting its clients 15% cashback on comprehensive Takaful Motor insurance. The offer includes a diverse range of insurance plans tailored to meet the different needs of clients. The campaign will be valid until 31 March 2025, in alignment with the increased demand for auto-related services during Ramadan
Al Salam Bank has announced the launch of an exclusive auto financing offer in collaboration with BYD, a global leader in New Energy Vehicles (NEVs) manufacturing. The offer will be in effect from 15 February to 31 March 2025, reinforcing the Bank’s commitment to sustainability by encouraging the adoption of eco-friendly transportation solutions and contributing to the Bank’s Environmental, Social, and Governance (ESG) initiatives.
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Al Salam Bank partners with talabat to unveil an exclusive Ramadan 2025 offer with a free one-year talabat pro subscription
24
Feb
Feb
Al Salam Bank has announced the launch of its Ramadan 2025 campaign, reinforcing its commitment to offering exclusive benefits to its clients during the holy month. In collaboration with talabat, the bank is providing a one-year free subscription to talabat’s
06
Feb
Feb
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) reported a net profit attributable to shareholders of BD 16.7 million (US$ 44.3 million) in the fourth quarter of 2024, compared to BD 11.2 million (US$ 29.8 million) in Q4 2023, reflecting a robust increase of 48.7%. The increase in profitability was predominantly driven by the strong performance of the Group’s core banking operations, subsidiaries, and associates. Earnings per share for the quarter stood at 5.8 fils (US$ 15.4 cents), up from 4.4 fils (US$ 11.7 cents) for the corresponding period in 2023. Total comprehensive income attributable to owners of the parent for the quarter decreased by 136.3%, from BD 10.9 million (US$ 29.0 million) in Q4 2023 to loss of BD 4.0 million (loss of US$ 10.5 million) in Q4 2024. The decline in comprehensive income is primarily due to changes in fair value of investments.