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.
Author Archives: Al Salam Bank
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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
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
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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.