Al Salam Bank has announced the signing of a Memorandum of Understanding with Eagle Hills Diyar, a leading real estate developer, to provide seamless real estate financing solutions for clients looking to own residential units in Marassi Bay, Marassi Terraces, and Palace Residences.
Author Archives: Al Salam Bank
24
Mar
Mar
Al Salam Bank has announced that its Shari’a Audit Department has achieved the ISO 90012015 Quality Management System Certification for the second time in a row, awarded by Lloyd’s Register Quality Assurance Limited (LRQA), an entity officially accredited by the United Kingdom Accreditation Service (UKAS).
In celebration of the holy month of Ramadan, Al Salam Bank in collaboration with Solidarity Bahrain has launched an exclusive offer granting its clients 15% cashback on comprehensive Takaful Motor insurance. The offer includes a diverse range of insurance plans tailored to meet the different needs of clients. The campaign will be valid until 31 March 2025, in alignment with the increased demand for auto-related services during Ramadan
Al Salam Bank has announced the launch of an exclusive auto financing offer in collaboration with BYD, a global leader in New Energy Vehicles (NEVs) manufacturing. The offer will be in effect from 15 February to 31 March 2025, reinforcing the Bank’s commitment to sustainability by encouraging the adoption of eco-friendly transportation solutions and contributing to the Bank’s Environmental, Social, and Governance (ESG) initiatives.
Press Release
Al Salam Bank partners with talabat to unveil an exclusive Ramadan 2025 offer with a free one-year talabat pro subscription
24
Feb
Feb
Al Salam Bank has announced the launch of its Ramadan 2025 campaign, reinforcing its commitment to offering exclusive benefits to its clients during the holy month. In collaboration with talabat, the bank is providing a one-year free subscription to talabat’s
06
Feb
Feb
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) reported a net profit attributable to shareholders of BD 16.7 million (US$ 44.3 million) in the fourth quarter of 2024, compared to BD 11.2 million (US$ 29.8 million) in Q4 2023, reflecting a robust increase of 48.7%. The increase in profitability was predominantly driven by the strong performance of the Group’s core banking operations, subsidiaries, and associates. Earnings per share for the quarter stood at 5.8 fils (US$ 15.4 cents), up from 4.4 fils (US$ 11.7 cents) for the corresponding period in 2023. Total comprehensive income attributable to owners of the parent for the quarter decreased by 136.3%, from BD 10.9 million (US$ 29.0 million) in Q4 2023 to loss of BD 4.0 million (loss of US$ 10.5 million) in Q4 2024. The decline in comprehensive income is primarily due to changes in fair value of investments.
Al Salam Bank, in collaboration with Mazad Bahrain, has announced the launch of innovative financing solutions for individuals, small and medium enterprises (SMEs), and corporate entities wishing to purchase properties through public auctions. This initiative makes Al Salam Bank the first bank in the Kingdom of Bahrain to provide such innovative financing solutions.
Al Salam Bank has announced the launch of an exclusive campaign on the occasion of its participation in the Autumn Fair 2025, taking place from 23 January to 1 February 2025. This campaign aims to enhance the experience
08
Jan
Jan
Al Salam Bank is pleased to announce its exclusive partnership with Y. K. Almoayyed Sons (YKA) Electronics Home Appliances division, offering a special promotion for all Al Salam Bank clients. The offer, which is valid until 26 October 2025, includes a 10% discount all electronics and household appliances, alongside an extended one-year warranty at YKA’s Electronics Home Appliances showrooms in Manama and Gudaibiya.
Press Release
Al Salam Bank Sets a New Benchmark with Seamless and Record-Breaking Migration of KFH-Bahrain Clients
06
Jan
Jan
Al Salam Bank has successfully completed the migration of ASB Finance (formerly Kuwait Finance House Bahrain) clients to Al Salam Bank, marking a historic milestone as one of the fastest and most seamless banking transitions in the region. Completed in under six months, the integration was executed with exceptional precision ensuring uninterrupted banking services for clients throughout the process. The migration came swiftly following the acquisition of Kuwait Finance House Bahrain (KFH Bahrain) from Kuwait Finance House Group in May 2024 which resulted in a 30% increase in Al Salam Bank’s asset base, reinforcing the Bank’s position as the largest Islamic bank in Bahrain, the lead market consolidator, and a regional MA leader.