Al Salam Bank has won the Best Marketing Initiative of the Year – Bahrain 2023 Award from the International Business Magazine Awards 2023. This achievement reflects the success of the Bank’s Inspired to Grow campaign which aims to increase green areas in Bahrain, in line with the strategies of the Supreme Council for Environment and the Sustainable Development Goals. The initiative took place across a six-month period from November 2022 to April 2023.
Author Archives: Al Salam Bank
Al Salam Bank announced the launch of its new campaign for all financing schemes including personal, property, and auto financing, as well as the Ministry of Housing’s Mazaya, Mazaya 2.0, and Tas’heel Social Housing Finance. Through its offering, the Bank will deliver competitive profit rates, in addition to providing new and existing clients with the opportunity to win valuable prizes starting 24 December 2023 to 18 February 2024.
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Al Salam Bank has recently introduced an e-signature service through DocuSign, a renowned service provider, which will enable clients to complete virtual banking transactions without needing to visit a physical branch. The launch reinforces the Bank’s ongoing sustainability efforts and commitment to being a digitally native financial institution.
Press Release
Following its official sponsorship of Informa Markets exhibitions…Al Salam Bank Rewards Autumn Fair Visitors with Exclusive Offers and Valuable Cash Prizes
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Al Salam Bank has announced the launch of its exclusive campaign for all visitors of this year’s Autumn Fair taking place from 21 to 29 December 2023. In line with the Bank’s vision to enrich its client’s banking experience, the announcement comes as part of the Bank’s official and exclusive sponsorship of Informa Markets exhibitions.
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Al Salam Bank announced the successful conclusion of the ‘Qaedat Al Salam’ Women Leadership program in a special ceremony on Monday, 11 December 2023, at the Four Seasons Hotel Bahrain Bay, in the presence of His Excellency Shaikh Khalid bin Mustahail Al Mashani, Chairman of Al Salam Bank, Mr. Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, board members of the Bank, several eminent dignitaries, including C-level executives, and other notable figures from the Kingdom, as well as members of executive management and over 150 female employees who took part in the program.
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Al Salam Bank has received two coveted awards from Visa, the global leader in digital payments, for Cross-Border Spend Growth Leaders in Bahrain for 2023 and CIF Growth Champions in Bahrain for 2023. This remarkable achievement reaffirms the Bank’s exceptional performance in the Kingdom of Bahrain and continuous strides in the Islamic banking industry.
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Al Salam Bank announced its strategic partnership with Informa Markets, a global events and exhibition organizer. The Bank will be the official sponsor and exclusive banking and finance institution at select Informa Markets exhibitions, including the Autumn Fair, Jewellery Arabia, and Scent Arabia.
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Al Salam Bank has partnered with Solidarity Bahrain to launch Al Salam Takaful, a comprehensive Shari’a-compliant insurance package. Individuals will be able to benefit from fire, auto, travel, domestic helper, pleasure craft, personal accident insurance, group medical health for families, while Corporations, Small and Medium-sized Enterprises (SMEs) will be provided with Takaful coverage for office comprehensive, performance bond, marine and group medical insurance.
Al Salam Bank is pleased to announce exclusive promotional offers for its Visa debit, credit, and prepaid cardholders visiting Jewellery Arabia 2023, the biggest and most prestigious jewelry and watch exhibition in the Middle East. Under the Patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, the event will take place from 14 to 18 November 2023, at Exhibition World Bahrain, located in Sakhir.
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 10.45 million (US$ 27.72 million) in the third quarter of 2023 compared to BD 6.77 million (US$ 17.95 million) in the same quarter in 2022, reflecting a significant increase of 54%. The increase is predominantly driven by the growth in core banking activities