
Al Salam Bank B.S.C
Pressreleases, Reports and Disclosures for Al Salam Bank B.S.C
Bank Al Salam in Bahrain has announced that it has received the ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System, making it the first bank in the region to achieve this international recognition. This milestone is part of the bank's broader strategy to responsibly integrate artificial intelligence (AI) into its operations, guided by its Information Technology management. The certification provides a globally recognized framework for governing AI-related opportunities and risks, supporting responsible AI application expansion, and ensuring continuous monitoring and improvement. This achievement reflects Bank Al Salam's commitment to adopting AI technologies transparently and securely, enhancing customer experience, operational efficiency, and informed decision-making. The certification covers the design, development, deployment, and operation of AI-supported applications managed by the bank's IT department. Statements from bank executives and partners highlight the collaborative efforts and strategic importance of this achievement in reinforcing the bank's leadership in the banking sector.
Bank Al Salam and Visa announced the winners of a fully paid trip to Barcelona to meet the global football star Lamine Yamal. The announcement was made at the conclusion of a summer card campaign that offered Bank Al Salam customers the chance to win by using Visa credit cards, Visa prepaid cards, or the exclusive Lamine Yamal ATM card for electronic and international purchases. The campaign also provided monthly cash prizes up to 5,000 Bahraini Dinars. Bank Al Salam's CEO, Mohammed Bouhaji, expressed delight in celebrating the winners and highlighted the campaign's alignment with the bank's focus on offering innovative experiences beyond traditional banking services. Ahmed Al Qassas, Visa's regional director in Bahrain, emphasized the collaboration with Bank Al Salam and how digital payments can create unforgettable experiences. The campaign is part of the ongoing collaboration between Bank Al Salam and Visa, which also includes the launch of an exclusive multi-currency Visa ATM card. Customers can continue to apply for the exclusive card through the Bank Al Salam app, featuring Lamine Yamal's image and signature, and enjoy a payment experience combining digital banking convenience with a unique football-inspired design.
Al Salam Bank has been appointed as a Joint Lead Manager and Bookrunner for the Saudi Real Estate Refinance Company's USD 2.75 billion Sukuk issuance. This issuance, supported by Saudi Arabia's Public Investment Fund, is the largest international US dollar-denominated GCC Sukuk of 2026, with orders exceeding USD 18.7 billion. The transaction signifies the diversification of Al Salam Bank's capital markets platform and its growing advisory role in government-backed institutions. It aligns with the broader trend of GCC issuers turning to international markets to diversify funding sources. The transaction supports Saudi Arabia's efforts to expand funding channels for strategic sectors like housing finance. Hussain Abdulhaq, Chief Treasury Officer of Al Salam Bank, highlighted the bank's strategy to strengthen its debt capital markets platform and its role as a trusted partner in significant regional transactions. Al Salam Bank and ASB Capital have an expanding track record in connecting regional and international investors with high-quality issuers across the GCC, including financial institutions, corporates, and government-related entities. ASB Capital has participated in various debt capital markets transactions in the GCC, including with Kuwait Finance House, Dubai Islamic Bank, and others.
Al Salam Bank and Diyar Al Muharraq have formed a strategic partnership to offer financing solutions for the Al Nuzha residential project in Bahrain. This collaboration aims to facilitate home ownership by providing integrated financing options for purchasing residential plots in Al Nuzha, a new development in Diyar Al Muharraq. The partnership offers clients competitive profit rates, a seamless financing process, a six-month grace period option, and eligibility for additional benefits, enhancing convenience and flexibility for future homeowners. Executives from both organizations emphasized the partnership's role in supporting long-term housing aspirations and contributing to Bahrain's urban development and real estate sector growth.
Al Salam Bank has launched the 20th edition of its Annual Summer Internship Program, aimed at fostering the development of future Bahraini talent through practical learning experiences. The program, running from July 1 to August 31, 2026, welcomes 50 university students from both local and international institutions. It includes an Induction Week for orientation on the bank's operations, followed by on-the-job training across different departments. This initiative is designed to bridge the gap between academic learning and practical industry experience, enhancing students' professional skills and workplace readiness in the banking and financial services sector.
Al Salam Bank has expanded its multi-currency debit card offering by introducing new international currencies, following the success of its Limited Edition Lamine Yamal Visa Multi-Currency Debit Card. This enhancement allows both existing and new cardholders to benefit from increased international payment capabilities. The card now supports SAR, OMR, QAR, and INR, in addition to the previously available currencies such as BHD, USD, EUR, GBP, AED, and TRY. Existing cardholders will automatically have access to these new currencies, while new clients will have full access upon receiving their card. The card is designed to facilitate seamless international spending by linking multiple foreign currency accounts to a single card, eliminating foreign exchange markup fees on eligible transactions, and offering instant issuance through digital channels. Mohammed Buhijji, Chief Retail Banking Officer at Al Salam Bank, emphasized that the expansion reflects the bank's commitment to providing flexible and convenient payment solutions to meet the growing travel and lifestyle needs of their clients. Additionally, the card offers value-added features such as digital management via the bank’s mobile app and access to exclusive rewards. This enhancement aligns with Al Salam Bank's strategy to deliver seamless and digitally enabled banking experiences.
Al Salam Bank has launched a new edition of its "Tanweer 2.0" Program to enhance youth empowerment and financial awareness among students in Bahrain. The program, now open to the public, targets students in Grades 11 and 12 who have or open an Al Salam Bank Youth Account. This year, 200 students will participate, gaining exposure to professional environments and learning essential financial and banking concepts. The initiative aims to build confidence and career readiness among Bahrain's youth, contributing to the country's long-term economic development. Muna Al Balooshi, Chief Human Resources Officer at Al Salam Bank, emphasized the importance of investing in young people before they enter the workforce.