DUBAI: As the official and exclusive sponsor of Informa Markets exhibitions, Al Salam Bank has launched a special campaign for all attendees of the Autumn Fair, which runs from 21 to 29 December 2023. The campaign aims to enhance the banking experience of its clients by offering them various exclusive benefits. Visitors can visit Al…
All posts tagged Al Salam Bank
Al Salam Bank acquires majority stake in Al Salam Bank Algeria
MANAMA, BAHRAIN: Al Salam Bank has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), increasing its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders. The acquisition will boost Al Salam Bank’s regional presence and growth prospects, as ASBA is the fastest growing bank in Algeria…
Al Salam Bank Launches its “Buy Now, Pay Later” Service for its Debit Cardholders
MANAMA: Al Salam Bank announced the launch of its “Buy Now, Pay Later” service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year. The fully automated, instant, and seamless service allows clients to settle their payments in installments within a specific time frame defined by…
Al Salam Bank launches revamped Danat Savings Scheme for 2022
MANAMA, BAHRAIN: Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’, where cash prizes have been replaced with bars of gold. The revamped Danat Savings Scheme, which will start from April 2022 and end in March 2023, will give clients the…
Al Salam Bank’s bid to acquire Ithmaar’s consumer banking division approved
MANAMA, BAHRAIN: Al Salam Bank announced that the acquisition of Ithmaar Bank’s consumer banking division and a number of other assets in a transaction worth US$2.2 billion received the shareholders’ approval of Ithmaar Holding B.S.C. at an EGM on Thursday, 17 March 2022. The approval follows a memorandum of understanding in October 2021 and the…
Al Salam Bank wins at Asiamoney Awards
MANAMA, BAHRAIN: Al Salam Bank was recently awarded as the ‘Best Domestic Bank in Bahrain – 2021’ as part of Asiamoney Middle East’s line up of awards for Best Bank. Bank has depicted solid financial performance and unwavering initiative in providing a diversified portfolio of banking products and services. The Asiamoney Awards, which fall under…
Al Salam Bank plans to acquire group of assets from Ithmaar Holding
MANAMA, BAHRAIN: Al Salam Bank-Bahrain has signed a memorandum of understanding and entered into discussions with Ithmaar Holding to acquire a group of assets from Ithmaar Holding’s group of companies, a bourse filing said on Sunday. Al Salam Bank is keen to maintain its growth trajectory and these discussions with Ithmaar Holding on a potential…
Al Salam Bank unveils its newly formed brand DNA
MANAMA, BAHRAIN: Al Salam Bank recently held an exclusive key-note event at the glittering Bahrain National Theatre, one of the largest theatres in the Arab world, which has emerged as an architectural landmark that embodies the artistic and cultural dynamism of the Kingdom. The event was held in celebration of the Bank’s newly launched Brand…
Al Salam Bank partners with talabat
MANAMA: Al Salam Bank-Bahrain is collaborating with talabat, the region’s leading food and grocery delivery app, to offer holders of its debit, credit and prepaid cards the chance to win sizeable daily and grand cash prizes, a news release said. Throughout the special promotion period, which will run from 1 November to 30 November 2020,…
Launch of mobile banking app marks new chapter in Al Salam Bank’s digitization journey
MANAMA: Al Salam Bank-Bahrain last week marked the beginning of an exciting new chapter in its ongoing journey towards digitization with the launch of its new mobile banking app. The state-of-the-art app offers customers a full suite of digital banking services including digital onboarding. The new app is just the latest installment in the ongoing…
Al Salam Bank partners Bahrain Bourse and Central Bank of Bahrain on new Shari’a-compliant asset-trading framework
MANAMA: Al Salam Bank-Bahrain (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 demand for…
Al Salam Bank Bahrain announces its virtual internship programme
MANAMA: In order to continue supporting the growth and development of Bahraini talent despite the ongoing COVID-19 pandemic, Al Salam Bank-Bahrain has announced that its 14th annual summer internship programme will be conducted virtually. This year, 11 young Bahraini graduates will be accepted onto the coveted programme, which provides comprehensive training and development aimed at…