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
Category Archives: Press Release
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.
As part of its commitment to fostering financial awareness and supporting youth, Al Salam Bank recently hosted a delegation of students from the American University of Bahrain (AUBH) to explore practical experiences in converting conventional banking products into Shari’a-compliant solutions.
21
Dec
Dec
On the occasion of Bahraini Women’s Day, Al Salam Bank recently organized a workshop at its headquarters under the theme “Partners in Progress”. The event brought together prominent female leaders, entrepreneurs, and professionals from various sectors, highlighting the significant contributions of women in advancing Bahrain’s development.
Al Salam Bank has announced the launch of its exclusive cards discount program in partnership with Live Life, offering discounts at more than 100 local merchants across various sectors. These include restaurants; coffee shops; children’s entertainment outlets; health and fitness centers; hotel and resort bookings; and many more. This initiative is part of the Bank’s efforts to enhance the use of its credit, prepaid, and youth debit cards.
Al
Salam Bank has announced the launch of its new December Cards Campaign, aimed
at encouraging the use of cards and promoting spending locally and
internationally throughout the month. Running until 31 December 2024, the
campaign offers clients the opportunity to enter draws for cash prizes up to BD
3,000.