
Al Salam Bank B.S.C
Pressreleases, Reports and Disclosures for Al Salam Bank B.S.C
ONE App, powered by Al Salam Bank, has partnered with Solidarity Bahrain, a major insurance company in Bahrain, to introduce a Buy Now Pay Later (BNPL) service for car insurance. This new feature allows clients to pay for insurance in monthly installments without additional documentation. The service provides instant approval and direct payment to Solidarity, enhancing the insurance experience and offering financial flexibility. The partnership reflects both companies' commitment to providing innovative and accessible financial solutions, aligning with the digital transformation in the insurance sector in Bahrain.
Al Salam Bank has partnered with the newly launched food delivery platform Keeta to offer a special promotion for its Visa Credit and Prepaid cardholders in Bahrain. The promotion provides up to a 99% discount (capped at BD 3) on orders made through the Keeta app for the first 6,000 clients who use their Al Salam Bank card. The offer is available twice per client during the campaign period from January 11 to February 11, 2026. This collaboration aims to enhance customer experiences by integrating modern digital payment solutions and promoting card usage. Keeta, in turn, focuses on providing a reliable and rewarding user experience, offering benefits such as free delivery with subscriptions and an On-Time Delivery Promise.
Al Salam Bank, in collaboration with Tumooh Sport Management and Ole Academy, announced that players from its Project Dream initiative have won the JPL Premiership for the 2014 age group in the GCC. The tournament featured over 22 top youth academies, highlighting the achievement's regional significance. The Project Dream team, representing Ole Academy, remained unbeaten through the group stages and won the final against Manchester City Academy UAE. Abbas Ali Khairallah, a Project Dream player, was named Best Player in his category. Project Dream is Al Salam Bank's youth development initiative, focusing on structured and sustainable talent development. The program emphasizes physical and technical training, individualized monitoring, and long-term growth, providing a professional environment for young players. Mahmood Qannati of Al Salam Bank highlighted the importance of investing in youth development and strong partnerships, aiming to empower national talents for future international representation. Mohammed A.Latif bin Jalal of Tumooh Sports Management praised the initiative's alignment with the vision of His Highness Shaikh Nasser bin Hamad Al Khalifa to develop Bahraini sports talents. Khaled Al Awadhi of Ole Bahrain Academy noted the players' commitment and the success of the structured development environment. Project Dream continues to contribute to a sustainable player development ecosystem, supporting talent from an early age and aligning with Al Salam Bank's commitment to community development and responsible corporate engagement.
Al Salam Bank has been named "Bank of the Year: Bahrain 2025" by The Banker magazine, a prestigious financial sector award. This recognition follows a thorough evaluation of over 1,000 financial institutions worldwide, highlighting the bank's significant achievements and competitiveness. In 2025, Al Salam Bank reported a 37.5% increase in net profit and nearly tripled its total assets over four years, reaching USD 21.51 billion. The bank's success is attributed to disciplined execution, growth in core operations, and a diversified business model. Group CEO Rafik Nayed emphasized the bank's commitment to sustainable growth and innovation. Al Salam Bank also received multiple awards for its performance in Islamic banking and customer-centric services, and Nayed was recognized among the top CEOs in the Middle East.
Al Salam Bank has received the Mobile Excellence Award at the OutSystems ONE Executive Day UAE 2025 for its advanced mobile banking capabilities. This award highlights the bank's effective use of the OutSystems platform to enhance its mobile banking services, ensuring secure, reliable, and high-quality experiences for clients. The bank's mobile application offers features like instant account access, fund transfers, and real-time transaction tracking through a user-friendly interface. This achievement is part of Al Salam Bank's broader digital strategy, which emphasizes agile technology, data-driven decision-making, and continuous improvement. The bank is also fostering a Citizen Developer ecosystem to accelerate innovation and align digital capabilities with client needs. At the event, Mohammed AlShehabi, Head of Innovation, participated in a panel discussion on AI and low-code technologies in digital transformation.
Al Salam Bank B.S.C. has announced that its Board of Directors will hold a meeting on Monday, February 9, 2026, at 10:00 am to discuss and approve the financial results for the period ending December 31, 2025. The announcement is addressed to the Bahrain Bourse and the Dubai Financial Market. The Chief Compliance Officer, Ali Yusuf Al Khaja, has signed the announcement.
Al Salam Bank has partnered with Ebrahim K. Kanoo, the exclusive distributor of Toyota in Bahrain, to offer a financing solution for Toyota's Hybrid vehicles. This initiative aligns with Bahrain's vision for sustainable and energy-efficient transportation. The financing package covers the full vehicle value, extended service, and optional multi-year Motor takaful insurance, all consolidated into a single monthly installment. This offer, available until January 31, 2026, includes competitive profit rates and aims to simplify hybrid vehicle ownership by covering primary running costs. The collaboration seeks to encourage hybrid vehicle adoption in Bahrain with flexible terms and a streamlined application process. The partnership highlights the commitment of both organizations to sustainable mobility and provides clients with financial clarity and convenience. Interested clients can contact Al Salam Bank through various channels for more information.
Al Salam Bank has entered a strategic partnership with the Ministry of Housing and Urban Planning and Eskan Bank to join the Tumooh Program, which was launched at Cityscape Bahrain 2025. The program aims to assist citizens in purchasing their first homes and securing additional financing as their housing needs change. Al Salam Bank is offering exclusive benefits for clients who use the Tas’heel programs to buy apartments under Tumooh, through the Al Salam Life Planning Account. This account allows clients to save with competitive profit rates and includes free Takaful insurance, helping them achieve homeownership with financial stability. The initiative is part of a national effort to enhance residential stability for Bahraini families. Key figures, including the Minister of Housing and Urban Planning, Eskan Bank's General Manager, and Al Salam Bank's Deputy Group CEO, expressed their support and highlighted the program's role in improving Bahrain's housing finance system and fostering public-private collaboration.
Al Salam Bank in Bahrain has announced that it will double the number of winners in its December prize draw to 100, up from 50 in November. This initiative is part of the bank's ongoing financing rewards campaign, which aims to recognize client commitment and enhance engagement with the bank's services. Winners will have their financing installments paid for three months, subject to the campaign's terms and conditions. The campaign targets clients with personal, auto, or property financing, including those in social housing programs, who meet certain eligibility criteria. This effort is part of a series of monthly prizes offered by the bank to provide meaningful rewards and ease financial burdens for clients. The campaign began with four winners in its first month and expanded to 50 in the second month. The bank's Chief Retail Banking Officer, Mr. Mohammed Buhijji, emphasized the bank's commitment to supporting clients and addressing their financial needs through tangible rewards.