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
Author Archives: Al Salam Bank
Al Salam Bank has recently received two prestigious awards at the 2023 Global Islamic Finance Awards Best Islamic Brand 2023 and the GIFA Excellence Award for Islamic Private Banking. These accolades underscore the Bank’s consistent progress in the field of Islamic banking and its ongoing efforts to enhance its position in the banking sector.
Al Salam Bank has been awarded the ‘Most Innovative Marketing and Branding Campaigns in Banking – Bahrain’ at the 2023 Global Economics Awards. This recognition acknowledges the Bank’s resilient efforts in developing innovative campaigns supported by its forward-thinking approach.
Press Release
In partnership with leading service providers Al Salam Bank Revolutionizes Micro, Small, and Medium-Sized Enterprise Banking
26
Oct
Oct
In line with its commitment to providing innovative and client-centric financial solutions and its dedication to Environmental, Social, and Governance (ESG) goals, Al Salam Bank has forged strategic partnerships with leading service providers to introduce an innovative array of Micro, Small and Medium-sized Enterprise (MSME) solutions, featuring exclusive offers at highly competitive rates, setting a new standard for accessible and convenient banking services.
Al Salam Bank has recently incorporated the UAE Dirham into its Multi-Currency Prepaid VISA Card. The new currency will join other available currencies on the card, including the Bahraini Dinar, US Dollars, Euro, British Pound, and Turkish Lira.
22
Oct
Oct
Al Salam Bank announced the successful conclusion of its “Artificial Intelligence (AI) Bootcamp” held in partnership with Bahrain Polytechnic on Saturday, 14 October 2023, where the participants presented their AI brand campaigns during the event hosted at the Bank’s headquarters.
19
Oct
Oct
Al Salam Bank and ERA Real Estate have signed a Memorandum of Understanding (MoU) providing exclusive financing offers to own Khudur Home Villas in Diyar Al Muharraq, through either the Tas’heel or Mazaya scheme or, for any individual interested in purchasing property.
Press Release
Powered by its digital strategy and forward-thinking approach Al Salam Bank’s Mobile App Wins Two Prestigious International Awards
18
Oct
Oct
Al Salam Bank has recently been awarded two prestigious accolades for its mobile banking application, recognized for “Best Mobile Banking Services Bahrain 2023” by the International Business Magazine Awards 2023 and “Most Innovative Mobile Application – Banking – Bahrain 2023” by the International Finance Awards 2023. These awards reflect the Bank’s comprehensive digital strategy and forward-thinking approach.
Al Salam Bank has partnered with Bahrain Polytechnic to host an “Artificial Intelligence (AI) Bootcamp” for final year students and graduates. The two-day event will provide students with the opportunity to showcase their skills, creativity and innovation to design business branding campaigns using AI.
09
Oct
Oct
Al Salam Bank has been named the ‘MENA Retail Bank of the Year’ for 2023, recognizing the Bank as one of the region’s leading financial institutions. The Award highlights the Bank’s dedication to clients, innovative ‘digital-first’ approach, and continued commitment to sustainable banking.