Author Archives: Al Salam Bank

Al Salam Bank has signed a Memorandum of Understanding with Eskan Bank to offer its clients with competitive property financing facility for the purchase of their dream home in the Danat Al Baraka project under the “Mazaya” social housing scheme with the Ministry of Housing, located in Janusan area. On the occasion, Mr. Rafik Nayed, Group Chief Executive Officer of Al Salam Bank said “The “Mazaya” scheme is a significant initiative that elegantly offers housing solutions to eligible applicants.

​Al Salam Bank (Al Salam Bank) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) reported net profit attributable to shareholders of BD 6.1 million (US$ 16.15 million) in the first quarter of 2021 compared to BD 2.5 million (US$ 6.7 million) in the first quarter of 2020, reflecting an increase of 144%.

The Al Salam Corporate Deposit Card provides maximum security protecting business accounts by only permitting deposits. Clients get the chance to enter weekly draws for a cash prizes for every transaction made using the card. Al Salam Bank announces the launch of its Corporate Deposit

Al Salam Bank (Al Salam Bank) recently announced the launch of a completely revamped program under the Bank’s Danat Savings Scheme for the year ahead. Under the revamped scheme, which comes in line with the Bank’s commitment to providing its clients with unparalleled experiences, the Bank is offering its clients the opportunity to win an increased variety of cash prizes throughout the year, concluding with a grand prize of a luxury villa and a monthly salary of BD10,000 for an entire year. The clients will have the opportunity to win daily prizes of BD 300, five monthly prizes worth BD 10,000, and five salary prizes which will be drawn each alternating month worth BD 1,000 monthly for one year.

​​Al Salam Bank recently announced the opening of its new flagship branch in Hidd, Muharraq. The new branch will offer the Bank’s full range of Shari’a-compliant banking services to the area, further strengthening the Bank’s nation-wide network of 10 branches and 30 ATMs. In line with the Bank’s ongoing digitization strategy, the new flagship branch features a dedicated Al Ruwad Business Center, and provides 24/7 banking services via its self-service online banking kiosk, instant bulk cash deposit machine (CDM) and Automated Teller Machines (ATM).

Al Salam announces the handover of the first villa to a customer in the second phase of the Deerat Al Oyoun project, located in Diyar Al Muharraq, following the recent announcement of the special financing offer under the Mazaya Scheme. This comes as part of the bank’s ongoing collaboration with the Ministry of Housing, and Eskan Bank to provide housing solutions that meet the needs of Bahraini citizens.​

Mr. Mohamed Isa wins Al Salam Bank Danat Savings Grand Prize of luxury villa in Saar, a Mercedes A200, and a monthly salary of BHD 5,000 for a year. The revamped Danat Savings Scheme for 2021 kicks off in April.

​Al Salam Bank recently launched a virtual kiosk at Diyar Al Muharraq to serve Mazaya customers looking to own their dream home in the Deerat Al Oyoun housing project, coinciding with the launch of Phase 2 of the Project and the Bank’s exclusive financing offer. This comes in line with Al Salam Bank’s ongoing commitment to limit in-person interactions to curb the spread of Covid -19 in the Kingdom as part of the Government directives, and as part of the Bank’s strategy to offer innovative digital banking solutions to its customers.

Al Salam Bank (Al Salam Bank) has received the J.P. Morgan 2020 STP Recognition Award in the ‘Elite Quality Recognition’ category, as a result of the Bank’s demonstrated success in achieving operational efficiency, exceptional performance in funds transfers, and best-in-class Straight Through Processing (STP) rates. According to J.P. Morgan, which have stringent STP performance

Al Salam Bank recently launched its latest campaign, the Al Salam Initiative, in support of the Kingdom’s national efforts to mitigate the spread of the ongoing global COVID-19 pandemic by promoting vaccination. As part of the campaign, all customers who have been vaccinated against COVID-19 have the