Al Salam Bank, a prominent player in the Islamic banking sector, has announced a strategic partnership with the Ministry of Housing and Urban Planning and Eskan Bank to participate in the Tumooh Program. This initiative, unveiled at Cityscape Bahrain 2025, aims to assist Bahraini citizens at the start of their homeownership journey. The program allows citizens to initially purchase an apartment and later access additional financing to meet their evolving housing needs.

The Tumooh Program is part of a broader national effort to enhance residential stability for Bahraini families through innovative and sustainable housing finance solutions. Al Salam Bank's involvement underscores its commitment to social impact initiatives and its role in shaping Bahrain's housing finance ecosystem.

As part of this initiative, Al Salam Bank offers exclusive benefits to clients who have obtained financing through the Tas’heel or Tas’heel+ programs to purchase apartments under the Tumooh initiative. The Al Salam Life Planning Account enables clients to build their savings with affordable monthly contributions and competitive profit rates, along with free Takaful insurance coverage. This account is designed to empower beneficiaries in achieving their future homeownership goals with confidence and financial stability.

Her Excellency Mrs. Amna bint Ahmed Al-Rumaihi, Minister of Housing and Urban Planning, emphasized the program's progressive nature, reflecting the vision of providing flexible housing finance solutions that evolve with citizens' needs. Mr. Abdulla Talib, General Manager of Eskan Bank, highlighted the significance of public-private sector synergy in diversifying housing finance tools available to citizens.

Commenting on the partnership, Mr. Anwar Murad, Deputy Group CEO – Banking at Al Salam Bank, expressed honor in being part of the Tumooh Program. He highlighted the bank's commitment to financial empowerment and its role in supporting national efforts to strengthen housing stability through flexible, innovative solutions.

Given Al Salam Bank's strategic moves and commitment to enhancing the housing finance ecosystem in Bahrain, the outlook for the company appears optimistic. Investors might consider holding their positions as the bank continues to align with national development priorities and foster a culture of responsible saving.