Al Salam Bank, a leading financial institution listed on the Bahrain Bourse (Trading Code “SALAM”) and the Dubai Financial Market (Trading Code “SALAM_BAH”), is pleased to announce that it has signed definitive agreements with Kuwait Finance House Group K.S.C.P. (“KFH Group”) to acquire the entire shareholding of Kuwait Finance House – Bahrain B.S.C.(c) (KFH-Bahrain), a wholly owned subsidiary of KFH Group.
Category Archives: Press Release
Al Salam Bank announced the launch of an exclusive campaign for its Wakala account. Both new and existing clients who open and invest a minimum of BD 500 – or its equivalent in US Dollars – through the Bank’s mobile app will receive preferential rates and have the opportunity to win a cash prize equivalent to their expected profit, capped at BD 2,500. The campaign will run until 30 May 2024.
As the Holy Month of Ramadan approaches, Al Salam Bank has launched exclusive promotional offers for its Visa Credit and Prepaid cardholders. The initiative comes as part of the Bank’s commitment to rewarding its client base, as well as its efforts to facilitate their daily banking transactions and simplify their money matters with the aim of enriching their overall banking experience.
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Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) reported net profit attributable to shareholders of BD 11.2 million (US$ 29.8 million) in the fourth quarter of 2023, compared to BD 11.3 million (US$ 30.0 million) in the fourth quarter of 2022.
Press Release
For the second consecutive year with an achievement that reflects its efforts to elevate the client experience… Al Salam Bank Wins “Best Retail Bank in Bahrain”
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Al Salam Bank has recently won “Best Retail Bank in Bahrain” from the MEA Finance Awards 2023, for the second consecutive year. This achievement underscores the Bank’s various milestones in digitization, in addition to its commitment to simplifying its retail services and delivering an enriching, personalized banking experience.
Press Release
Al Salam Bank’s Bold Move to Nurture Bahrain’s Football Talents for World Cup 2030 and 2034 Qualification
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Al Salam Bank recently unveiled its latest Environmental, Social and Governance (ESG), the ‘Why Stop Here’ brand campaign, aimed at supporting national efforts to empower and develop various key sectors within the local community. This new drive builds on the Bank’s record-breaking growth and ongoing milestones, reflecting its commitment to go beyond traditional banking products and services.
Al Salam Bank has launched two campaigns for 2024 under ‘Al Salam Takaful’, targeting its individual and Small and Medium-sized Enterprise (SME) clients. The first campaign will take place from the 9th to the 31st of January 2024 and is set to include all current banking clients, while the second campaign will begin on the 7th of January and conclude on the 31st of March 2024, with a focus on extending exclusive insurance offerings to new clients.
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Al Salam Bank has received the Payment Card Industry Data Security Standard (PCI DSS) Version 4.0 Certification, the approved global standard for protecting the security of payment card data. The accreditation underscores the Bank’s commitment to providing its clients with a safe and reliable banking experience. The achievement also recognizes the Bank’s adherence to PCI DSS standards and implementation of the
Al Salam Bank, the Kingdom’s largest Islamic Bank, has recently been recognized as the Strongest Islamic Bank in Bahrain by The Asian Banker. This prestigious ranking underscores the Bank’s record-breaking achievements as the fastest growing bank in the Kingdom, driven by its commitment to client-centricity and ongoing strategic development.
Press Release
With the biggest prizes in the Kingdom – two grand prizes worth BD 1 million each and the largest monthly salary prize of BHD 20,000 for one year…Al Salam Bank Unveils 2023’s Biggest Grand Prize Winner in Bahrain and Launches Danat Prize Scheme 2024 with Bigger Prizes and More Chances to Win
Al Salam Bank has launched the latest edition of the Danat Savings scheme for 2024, introducing the biggest prizes in the Kingdom. This year, the Bank is rolling out double the prizes and a new segment of winners for its loyal clients who have maintained their Danat Account savings for long periods.