Press releases, Reports & Disclosures for Al Salam Bank B.S.C

Al Salam Bank has announced its Platinum Sponsorship of the annual reception hosted by the Bahrain Association of Banks (BAB) in Washington, D.C., scheduled for October 16, 2025. This event coincides with the annual meetings of the International Monetary Fund and the World Bank and is expected to attract significant participation from Bahraini banks and senior delegations from both public and private financial institutions. Rafik Nayed, Group CEO of Al Salam Bank, highlighted the bank's focus on promoting Bahrain's role in global financial dialogues and its contributions to the stability and growth of the financial sector. He praised the event as a tradition that strengthens Bahrain's economic ties with international partners. The Bahrain Association of Banks commended Al Salam Bank for its support, noting that it enhances the event's outcomes and provides growth opportunities for Bahrain’s banking sector. The reception is seen as a chance to showcase Bahrain's financial system's strength and resilience, reinforcing its position as a preferred destination for international investment and partnerships.

Al Salam Bank has launched a new financing campaign in response to client demands, running until December 31, 2025. Eligible clients will be automatically entered into monthly draws over three months, with the October prize offering the chance to have outstanding finance settled, subject to terms and conditions. The campaign targets clients with Personal, Auto, or Property Finance, including those in Social Housing programs, who meet specific criteria such as maintaining an active credit card and a minimum balance in a Danat or Danat Plus account. The initiative aims to reward client loyalty and encourage new clients by offering innovative incentives and promoting financial stability. For more details, clients can visit the bank's website or contact them through various channels.

Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Wednesday, 17th September 2025, at 10:00 am to discuss regular and periodic updates. The announcement was addressed to the Bahrain Bourse and the Dubai Financial Market. The notice was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.

Al Salam Bank has partnered with Al Haddad Motors, the official distributor of Mercedes-Benz in Bahrain, to offer a comprehensive auto finance package for Mercedes-Benz vehicles. The offer, available until December 31, 2025, includes a special car price, a five-year service package, one-year registration fees, a five-year warranty, and optional five-year comprehensive Takaful insurance, with monthly installments starting from BHD 274. This initiative aims to simplify car ownership by integrating all related expenses into a single financing plan. Both Al Salam Bank and Al Haddad Motors expressed their satisfaction with the partnership, highlighting its potential to facilitate the car ownership process and enhance customer experience. For more details, customers can contact Al Salam Bank's Relationship Managers or visit the bank's website.

Al Salam Bank reported a significant increase in financial performance for the first half of 2025. The bank's net profits attributable to shareholders rose by 32.1% to BD 37.4 million (USD 99.1 million) compared to the same period in 2024. Earnings per share also increased to 11.1 fils (USD 29.5 cents) from 9.3 fils (USD 24.7 cents) in the previous year. Total comprehensive income grew by 4.5% to BD 41.6 million (USD 110.4 million). The bank's total assets increased by 10.7% to BD 7.82 billion (USD 20.74 billion), and total shareholders' equity rose by 11.6% to BD 402.5 million (USD 1.07 billion). Financing assets and customer deposits also showed growth, with increases of 8.3% and 7.1%, respectively. The bank maintained a strong capital adequacy ratio of 25.2%. The Chairman, Shaikh Khalid bin Mustahail Al Mashani, and CEO, Rafik Nayed, attributed the growth to strong core operations, disciplined risk management, and strategic investments in digital innovation and regional capabilities. They emphasized a focus on long-term value creation and sustainable growth amid a challenging global environment.

The financial data for Al Salam Bank B.S.C. includes various types of financing and placements, both Sharia-compliant and non-Sharia-compliant. Key figures in Bahraini Dinar (BHD) thousands are as follows: Placements with financial institutions amount to 523,699 with Sharia income of 14,255. Murabaha financing totals 1,262,182 with Sharia income of 43,054. Mudaraba financing stands at 618,839 with Sharia income of 17,742. Finance lease assets are 1,598,678 with Sharia income of 49,283. Musharaka financing is 30,681 with Sharia income of 931. Salam financing is 304,742 with Sharia income of 9,020, and Istisna financing is 125,596 with Sharia income of 3,606. Credit card figures are 24,389 with no Sharia income. Placements from financial institutions and individuals amount to 148,490 with a negative Sharia income of 5,009. Customers' current accounts total 1,468,183, and Murabaha term financing is 960,000 with a negative Sharia income of 21,206. The equity of investment account holders is 4,302,316 with a negative Sharia income of 72,787. The balance sheet and income statement are as of 30 June 2025.

Al Salam Bank has partnered with Live Life and Hawar Resort by Mantis to offer an exclusive summer discount for its VISA credit, prepaid, and youth debit cardholders. The offer includes a 10% discount on room rates, spa treatments, and selected food and beverage outlets at the resort. This discount is available when cardholders use their eligible Al Salam Bank card at the resort. The initiative is part of the bank's strategy to enhance lifestyle benefits for its clients through unique experiences in collaboration with various brands. The offer aims to provide a premium staycation experience in Bahrain. Key figures from Al Salam Bank, Live Life, and Hawar Resort expressed their enthusiasm for the collaboration, highlighting its value in enriching cardholders' experiences. Additionally, Al Salam Bank cardholders have access to discounts at over 100 merchants in Bahrain. More details can be found on the bank's website or Instagram account.