Al Salam Bank has been recognized as the MENA Retail Bank of the Year at the prestigious MENA Banking Excellence Awards 2024 for the second consecutive year. This marks the second consecutive year that the Bank has secured this coveted honor, further cementing its position as a regional leader in innovative and client-centric retail banking.
Author Archives: Al Salam Bank
20
May
May
Al Salam Bank hosted the second Shari’a Departments Forum on Sunday, 12th May 2024 under the supervision of the Shari’a Audit Department and with the support of the Bank’s Executive Management. Taking place at the Bank’s headquarters, the distinguished event focused on bridging the gap between theoretical and practical applications of Islamic Jurisprudence of financial transactions. It aimed to enhance the qualifications of Islamic banking professionals and strengthen their communication with Shari’a Supervisory Boards.
16
May
May
Al Salam Bank, a leading financial institution listed on the Bahrain Bourse (Trading Code “SALAM”) and the Dubai Financial Market (Trading Code “SALAM_BAH”), has announced today that it has completed the acquisition of Kuwait Finance House Bahrain B.S.C. (c) (“KFH Bahrain”) from Kuwait Finance House Group (“KFH Group”). The strategic transaction marks the Bank’s fifth Merger and Acquisition (MA) transaction in its growth journey, reinforcing its position as the fastest growing bank and the most active MA player in Bahrain.
13
May
May
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to owners of parent of BD 14.0 million (US$ 37.1 million) in the first quarter of 2024 compared to BD 10.3 million (US$ 27.3 million) in the same quarter in 2023, reflecting a significant increase of 36.3%. The increase is predominantly driven by growth in the core banking activities of the Group and the acquisition of a subsidiary in the second quarter of 2023.
As the summer season approaches, Al Salam Bank has unveiled its latest campaign, offering clients the opportunity to win a fully paid summer vacation as well as a host of other exciting prizes. The campaign is exclusively tailored for holders of the Bank’s VISA Credit and Multi-Currency Prepaid Cards. From 5th May to 30th June 2024, each BD 50 of total spends using these cards will earn clients one entry into the raffle draws.
Press Release
Al Salam Bank’s Muna Al Balooshi Recognized in the Top 10 Women HR Leaders from the Middle East
25
Apr
Apr
Al Salam Bank has announced that Ms. Muna Al Balooshi, Head of Human Resources and Administration at Al Salam Bank, has recently been recognized as one of the Top 10 Women HR Leaders from the Middle East by The Global Woman Leader Magazine.
Al Salam Bank, a leading financial institution listed on the Bahrain Bourse (Trading Code “SALAM”) and the Dubai Financial Market (Trading Code “SALAM_BAH”), is pleased to announce that it has signed definitive agreements with Kuwait Finance House Group K.S.C.P. (“KFH Group”) to acquire the entire shareholding of Kuwait Finance House – Bahrain B.S.C.(c) (KFH-Bahrain), a wholly owned subsidiary of KFH Group.
Al Salam Bank announced the launch of an exclusive campaign for its Wakala account. Both new and existing clients who open and invest a minimum of BD 500 – or its equivalent in US Dollars – through the Bank’s mobile app will receive preferential rates and have the opportunity to win a cash prize equivalent to their expected profit, capped at BD 2,500. The campaign will run until 30 May 2024.
As the Holy Month of Ramadan approaches, Al Salam Bank has launched exclusive promotional offers for its Visa Credit and Prepaid cardholders. The initiative comes as part of the Bank’s commitment to rewarding its client base, as well as its efforts to facilitate their daily banking transactions and simplify their money matters with the aim of enriching their overall banking experience.
14
Feb
Feb
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) reported net profit attributable to shareholders of BD 11.2 million (US$ 29.8 million) in the fourth quarter of 2023, compared to BD 11.3 million (US$ 30.0 million) in the fourth quarter of 2022.