In a strategic move towards promoting sustainable transportation, Al Salam Bank has announced a significant collaboration with Ebrahim K. Kanoo, the exclusive distributor of Toyota in Bahrain. This partnership introduces a comprehensive financing solution tailored for Toyota's hybrid vehicle range, aligning with Bahrain's national vision for cleaner and more energy-efficient transportation.

The innovative financing package offers clients purchasing Toyota's hybrid vehicles a complete solution covering the full value of the vehicle, an extended service package, and optional multi-year Motor takaful insurance by Al Salam Takaful. This offer is available at a competitive profit rate, consolidated into a single, convenient monthly installment, and is valid until 31 January 2026.

Commenting on the collaboration, Mohamed Buhijji, Chief Retail Banking Officer at Al Salam Bank, highlighted the importance of this partnership in supporting Bahrain's transition towards sustainable transportation. He stated, 'Through a single installment that covers the vehicle price, multi-year Motor takaful insurance, and extended service packages, we are offering clients clarity, convenience, and financial confidence as they adopt hybrid mobility.'

Ismail Akbar, Executive General Manager at Ebrahim K. Kanoo, expressed enthusiasm for the collaboration, emphasizing the seamless and flexible pathway to hybrid vehicle ownership it provides. 'As the automotive industry continues to move toward cleaner and more sustainable mobility solutions, we are committed to ensuring that our clients in Bahrain have access to modern, efficient, and environmentally conscious vehicle options,' he said.

This collaboration not only reflects the strong relationship between Al Salam Bank and Ebrahim K. Kanoo but also combines financial expertise with automotive leadership to accelerate the adoption of eco-friendly vehicles in Bahrain. Clients interested in this innovative financing solution can visit any Al Salam Bank branch or contact the Bank through its digital channels.

From an investment perspective, Al Salam Bank's strategic partnership with Ebrahim K. Kanoo demonstrates its commitment to innovation and sustainability, potentially enhancing its market position in the Islamic banking sector. However, considering the current market dynamics and the bank's focus on long-term value creation, investors might consider holding their positions as the bank continues to navigate the evolving financial landscape.