Al Salam Bank (“ASBB”) (Bahrain Bourse Trading Code “SALAM”; Dubai Financial Market Trading Code “SALAM_BAH”) reported a net profit attributable to shareholders of BD 7.1 million in the six months ending 30 June 2020 (“H1 2020”), representing a 42% decrease from the BD 12.3 million net
Category Archives: Press Release
New flagship app combines digital onboarding with full suite of mobile banking features Customers enjoy an elegant, intuitive and fully customizable user experience A range of exciting new features include enhanced, state-of-the-art security and new ‘Family Account’ offering, catering to
Press Release
Bahraini student wins a year’s salary of BD 5,000 per month in Al Salam Bank’s Danat Saving Scheme
29
Jul
Jul
Al Salam Bank (Al Salam Bank), a leading Shari’a-compliant Bank in the Kingdom, has named 22 year-old Bahraini student Hussain Ali Al Qarooni as the winner of a year’s salary of BD 5,000 per month. The prize is part of the bank’s Danat Saving Scheme which has been running for 12 years and offers customers the chance to win attractive prizes.
Al Salam Bank (Al Salam Bank) delivered the first residential villa in Deerat Al Oyoun under the Mazaya Scheme in partnership with the Ministry of Housing and Eskan Bank. The Bank’s rapid and flexible financing process enabled the smooth and timely completion of the handover of the new home in record time. The handover was completed in the presence of senior
23
Jul
Jul
The Bahrain Institute of Banking Finance (“BIBF”) has partnered with Al Salam Bank (Al Salam Bank) to hold its forum on disruption in the Human Resources (HR) sector under the patronage of the Central Bank of Bahrain. The event is aimed at keeping the HR and business communities up to
Al Salam Bank (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which allows for the use of Bahrain-issued Ijara Sukuk as the underlying asset in Murabaha financing frameworks. The innovative new structure meets a growing
09
Jul
Jul
Long running internship programme aimed at shaping Bahrain’s future banking leaders will be conducted virtually for the first time in light of COVID-19 An intensive career planning and development session, in partnership with the Bahrain Institute of Banking and Finance (BIBF), is the
24
Jun
Jun
Highest reduction in non-performing
financing by any listed bank in GCC
Ranked sixth for capital adequacy
Al Salam Bank (Al Salam Bank) has achieved the highest reduction in
non-performing financing (NPF) amongst fifty five GCC listed banks in
2019, according to a report by KPMG. […]
15
Jun
Jun
Al Salam Bank heads Global Finance magazine’s country rankings for two years running Al Salam Bank (Al Salam Bank) has been named the best Islamic Bank in Bahrain for the second year in a row by prestigious US-based finance magazine Global Finance. In awarding the title, the
Press Release
With the aim of fostering the growth of Islamic Finance in Bahrain Al Salam Bank sponsors the BIBF Islamic Finance Handbook
11
Jun
Jun
Al Salam Bank announced the sponsorship of the Islamic Finance Handbook for practitioners, produced locally by the Bahrain Institute of Banking and Finance (BIBF), to further bolster Islamic Finance training, reinforcing the Kingdom’s position as a hub of the Islamic Finance Industry in the