Acquisition of Algeria’s fastest growing bank with total assets of USD 2.2 billion reinforces Al Salam Bank’s position as one of MENA’s leading Islamic financial institutions
Author Archives: Al Salam Bank
l Salam Bank announced the launch of its Buy Now, Pay Later service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year. The fully automated, instant, and seamless service allows clients to settle their payments in installments within a specific time frame defined by the digital application through the analysis of the client’s financial obligations using artificial intelligence.
Al Salam Bank has announced the launch of its latest summer campaign taking place from 18 June to 31 August 2023, in which the top spending clients will get the opportunity to win cashback up to 300% (capped to BD 3,000)on all purchases made using their Visa credit and multi-currency prepaid cards. All Visa credit and prepaid cardholders will also be eligible to enter the draw for a grand prize of BD 10,000 for one winner. Local transactions qualify for one entry into the draw, whereas two entries are given for international and online transactions.
Press Release
Al Salam Bank Receives J.P. Morgan Elite Quality Recognition Award for the Third Consecutive Year
15
Jun
Jun
Al Salam Bank has been awarded the prestigious J.P Morgan Elite Quality Recognition Award for the third consecutive year. This recognition reflects the Bank’s outstanding performance in optimizing the efficiency of payments made in US dollars.
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 10.27 million (US$ 27.25 million) for the first quarter of 2023, compared to BD 6.51 million (US$ 17.27 million) for the same period in 2022, reflecting an increase of 58%.
Al Salam Bank has been named Bank of the Year – Bahrain at The Banker Awards 2022, recognizing the Bank’s commitment to service excellence, its diverse portfolio of tailored innovative banking products, and its significant contributions to the financial industry and national economy.
Al Salam Bank has introduced Samsung Wallet to its clients, a new and secure payment method enabling users to engage in contactless payments using their Samsung devices on any POS or payment system. Clients will be able to authenticate each transaction using facial or fingerprint recognition, a PIN code, or One-Time Password.
Press Release
Al Salam Bank Joins Bahrain Trade Broadening Reach of its Digital Trading Platform "Al Salam Invest" to Retail Clients
11
Apr
Apr
Al Salam Bank has expanded its digital investment platform, Al Salam Invest, by launching Bahrain Trade as part of its trading services, enabling retail clients to digitally trade in Bahrain Bourse securities online. The launch was marked with a bell ringing ceremony held at Bahrain Bourse, with the attendance of
Al Salam Bank recently welcomed a delegation of 20 high school students from Ibn Khuldoon National School (IKNS) at the Bank’s headquarters. The visit aimed to provide the students with an in-depth look
Al Salam Bank has launched a bundle of offers as part of its new Ramadan campaign. Throughout the Holy Month, Visa credit and prepaid cardholders