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

ONE App, supported by Al Salam Bank, has launched an integrated e-marketplace in Bahrain, featuring a Buy Now, Pay Later (BNPL) option. This development aims to enhance the retail experience by allowing local merchants to display their products on the app, providing users with a convenient shopping experience. The BNPL feature enables clients to make interest-free purchases and pay in three monthly installments without requiring paperwork or salary transfers. Merchants benefit from a self-service onboarding process, the ability to offer installment plans, and tools to monitor sales performance. Haitham Al Haddad, General Manager of ONE App, highlighted the initiative's role in simplifying financial services and enhancing retail in Bahrain. The launch aligns with ONE App's strategy to be a leading digital platform, focusing on accessibility and convenience to support economic participation and digital transformation in the region. Users can learn more by visiting the ONE App website or downloading the app.

Al Salam Bank has partnered with Euro Motors to introduce a limited-time auto financing offer for select BMW models in Bahrain. The offer includes attractive pricing, a five-year service plan, a five-year warranty, one-year registration, and one-year comprehensive insurance, with monthly payments starting from BHD 242, subject to terms and conditions. This initiative aligns with Al Salam Bank's strategy to enhance its retail product offerings through strategic partnerships and lifestyle-driven services. The collaboration aims to provide clients with a premium and flexible vehicle ownership experience. Al Salam Bank emphasizes its commitment to delivering value through innovative financial solutions, while Euro Motors highlights the shared goal of offering exceptional service and automotive experiences. For more information, interested clients can contact Al Salam Bank's relationship managers or visit the bank's website.

Al Salam Bank, a leading financial institution in Bahrain, is participating in "Youth City 2025" for the third consecutive year, focusing on empowering youth through financial education. The bank introduced an innovative program called "Life with Al Salam Bank," which uses an interactive simulation game to teach participants about real-life financial scenarios and decision-making. The program aims to enhance financial awareness and responsible behavior among young people, emphasizing the importance of financial planning. Mahmood Qannati, Head of Marketing & Communications at Al Salam Bank, highlighted the bank's commitment to empowering youth with financial knowledge as an investment in national economic sustainability. The initiative reflects the bank's dedication to educational and community-driven projects that support youth development, sustainability, and social responsibility. Through its involvement in "Youth City," Al Salam Bank aims to contribute to a financially informed and prosperous society.

Al Salam Bank has launched the 19th edition of its Annual Summer Internship Program, involving 45 university students, the largest group in the program's history. The two-month program aims to provide students with the necessary skills and exposure to succeed in the banking and financial sectors. This year's theme, "Sustainable Development through Innovation and AI," aligns with the bank's focus on integrating ESG principles and digital transformation. The program includes structured learning, departmental rotations, and mentorship, with interns participating in a project-based challenge to develop sustainability-driven solutions using AI. Winning proposals may receive monetary awards and be considered for implementation. Participants will also visit a local institution to learn about responsible innovation and sustainable operations. Muna Al Balooshi, Head of Human Resources and Administration, emphasized the program's role in youth empowerment and human capital development. The initiative supports Bahrain's knowledge-based economy by preparing future banking and finance professionals.

Al Salam Bank has introduced a Multi-Currency Debit Card aimed at clients who frequently travel or engage in international transactions. This card allows users to link their accounts in six currencies: Bahraini Dinar, US Dollar, British Pound, Euro, Turkish Lira, and UAE Dirham, and conduct transactions without currency conversion fees. Clients can apply for the card via the bank's mobile app or at branches, and manage their currencies through an easy-to-use interface. The card complements the bank's existing foreign currency prepaid cards, providing a convenient solution for travelers and online shoppers. This launch is part of Al Salam Bank's strategy to enhance its digital offerings and strengthen its market position. For more information, clients can visit the bank's website or contact them through various channels.

Al Salam Bank has formed a strategic partnership with MG Motor, owned by Zayani Motors, to offer a comprehensive auto financing package available until December 31, 2025. This offer includes special pricing on selected MG models and covers all initial fees and expenses, such as registration fees, a service package, Takaful insurance, and a 6-year warranty. Al Salam Bank clients can benefit from affordable monthly installments starting at BD 68, subject to terms and conditions. This initiative aims to ease the financial burden on clients during the early years of car ownership. The partnership reflects Al Salam Bank's commitment to providing innovative and client-focused financial solutions, while MG Motor sees it as a way to make their vehicles more accessible in Bahrain. For more details, interested parties can contact Al Salam Bank's Relationship Managers or visit their website.

Al Salam Bank has launched a range of protection and savings plans under its Sharia-compliant "Al Salam Takaful" in partnership with Solidarity Bahrain. The initiative includes a promotional campaign with exclusive Takaful offers, such as up to 28% off on new Travel Takaful policies and a 10% voucher for Motor Takaful policies for new clients. The Takaful offerings cover various insurance solutions for individuals and businesses, including Motor, Travel, Home, and Personal Accident insurance, as well as group medical schemes. The protection and savings plans aim to provide financial stability and help clients prepare for future goals like education, retirement, and medical emergencies. The bank emphasizes its commitment to addressing clients' needs and offers these services through branches, kiosks, and a mobile app. For more details, clients are encouraged to visit the bank's website or contact them via WhatsApp.

Bank Al Salam has announced a partnership with the Zakat and Charity Fund of the Ministry of Justice, Islamic Affairs, and Endowments in Bahrain. This collaboration aims to unify efforts to support needy groups through transparent and organized mechanisms. The initiative reflects the bank's commitment to social responsibility and its strategy to make a positive impact on individuals and families in Bahrain. The collaboration seeks to channel the bank's charitable contributions to ensure they reach the deserving beneficiaries effectively. This partnership is seen as a model for cooperation between the financial and charitable sectors, enhancing support for those in need and promoting community cohesion. The bank believes in the importance of extending its success to the community, and through this partnership, it aims to address urgent humanitarian and social priorities, such as emergency funding, medical supplies, and educational support for students from low-income families.

Al Salam Bank has formed a strategic partnership with Live Life and Al Rashid Group to offer exclusive discounts of up to 20% for its cardholders in Bahrain. This collaboration allows holders of Al Salam Bank credit, prepaid, and youth cards to receive discounts at various Al Rashid Group outlets, including Home Centre, Home Box, Max, Mothercare, Centrepoint, Lifestyle, Shoemart, and Splash. The initiative reflects Al Salam Bank's commitment to enhancing client experiences by providing added value beyond traditional banking services, aligning with its strategy to form partnerships that complement clients' lifestyles. Key figures from Al Salam Bank, Live Life, and Al Rashid Group expressed their enthusiasm for the partnership, highlighting its potential to enhance lifestyle experiences and offer meaningful benefits. Discounts are subject to terms and conditions, with specific offers available at different outlets. For more details on the offers and participating stores, clients are encouraged to visit Al Salam Bank's website or Instagram account.