Al Salam Bank has launched its Workspaces portal, a platform designed to meet the needs of Single Person Companies (SPC), family offices, and Micro, Small and Medium-sized Enterprises (MSMEs), through full range of secure and flexible financial services. The game-changing portal aims to enhance operational efficiency and facilitate financial management for small and medium enterprises.
Category Archives: Uncategorized
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Al Salam Bank Partners with Durrat Al Bahrain to Offer Financing Solutions on Jawharat Al Murjan Project
13
Nov
Nov
Al Salam Bank has signed a partnership agreement with Durrat Al Bahrain, one of the most luxurious residential resorts in the Kingdom of Bahrain, to deliver exclusive real estate financing solutions for clients seeking to own a villa located in Jawharat Al Murjan.
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 14.0 million (USD 37.2 million) for the third quarter of 2024 (“Q3 2024”) compared to BD 10.4 million (USD 27.7 million) in the same quarter in 2023, reflecting a significant increase of 34.3%. The increase in profitability was predominantly driven by the strong performance of the Group’s core banking operations, subsidiaries and associates.
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Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion
05
Nov
Nov
Al Salam Bank, Bahrain’s largest Islamic bank, announces the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Headquartered in the Dubai International Financial Centre (DIFC), ASB Capital is shortly set for an official launch with AUMs of USD 4.5 billion.
Al Salam Bank has announced the launch of its latest promotional campaign for credit cards issued digitally through its app. The campaign, running from 3 November to 31 December 2024, reinforces the Bank’s commitment to delivering innovative banking solutions that utilize advanced technology to provide a seamless and efficient client experience.
Al Salam Bank has announced the launch of its latest promotional campaign for credit cards issued digitally through its app. The campaign, running from 3 November to 31 December 2024, reinforces the Bank’s commitment to delivering innovative banking solutions that utilize advanced technology to provide a seamless and efficient client experience
Al Salam Bank recently organized a significant health initiative aimed at raising awareness about the early detection of breast cancer among its female employees. Held in collaboration with the London Mobile Breast Cancer Screening Clinic, this initiative reinforces the Bank’s commitment to the health and well-being of its staff by fostering a work environment that prioritizes regular health check-ups.
As part of its suite of Al Salam Takaful products, Al Salam Bank has launched an enhanced Third-Party Motor insurance coverage, known as “Al Salam Third-Party Takaful Added Benefits”. This new offering brings a range of benefits from the comprehensive motor insurance. This step follows the successful launch of the Bank’s Multi-Year Motor Takaful Insurance product in partnership with Solidarity Bahrain, one of the largest insurance companies in the Kingdom of Bahrain.
20
Oct
Oct
Al Salam Bank has been honored with the prestigious Elite Quality Recognition Award from J.P. Morgan for the fourth consecutive year. This recognition highlights the Bank’s exceptional performance in optimizing the efficiency of US Dollar payments. The award was presented to Mr. Abdulkarim Turki – Chief Operating Offer of Al Salam Bank, by Mr. Nawaf Humood, Head of Payments– Bahrain at J.P. Morgan, in the presence of the Bank’s senior management and respective team members.
Al Salam Bank has recently introduced its full-fledged digital banking center on Budaiya road on Tuesday, 24 September 2024. The newly renovated digital banking center is equipped with leading digital services, including the Self-Service Kiosk, enabling both individual and corporate clients to open new accounts, issue all card types including Youth cards, and print documents such as IBAN letters and account statements, in addition to instantly updating their data.