Category Archives: Press Release

The MoU will provide applicants special financing facilities on Era Homes Villas offering customers competitive property financing facilities and flexible terms The competitively priced property financing is available to all Bahraini residents, GCC citizens, and expatriates Al Salam Bank

Al Salam Bank’s Life Planning Account campaign gives customers the opportunity to secure their financial future through achievable monthly contributions starting as low as BD 30 and up to BD 150. The account offers clients competitive profit rates on minimal investments for short term savings, with the added benefit of accompanying insurance (Takaful) which includes Children’s Education, Life, and Covid-19 coverage. The Life Planning Account and its flexible tier packages (BD30, BD80 or BD150 per month), with saving plan

Al Salam Bank announces its sponsorship of the Bahrain Institute of Banking and Finance’s (BIBF) library at their new Campus in the Kingdom of Bahrain. The new library will be called “Al Salam Bank Library”,

​Seef Properties, one of the leading integrated real estate development companies in the Kingdom of Bahrain, has recently signed a lease agreement with Al Salam Bank, to open a new branch at Al Liwan project; one of the promising projects being developed by Seef Properties in Hamala area in the Northern Governorate.

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.​