Al Salam Bank Partners for Digital Integration
Al Salam Bank collaborates with Customs Affairs for a pioneering digital integration at Jewellery Arabia 2025.
Summary
Al Salam Bank and Customs Affairs launch a digital integration to enhance commercial transactions at Jewellery Arabia 2025, showcasing Bahrain's digital prowess.
In a landmark move, Al Salam Bank B.S.C, in collaboration with Customs Affairs, has announced the first comprehensive digital integration between the Ma’arid platform and ASB Pay Business. This initiative, set to be officially launched at Jewellery Arabia 2025, marks a significant step in streamlining commercial transactions for exhibitors, particularly those from outside Bahrain.
This collaboration aligns with Al Salam Bank's digital-first approach, leveraging technology to enhance operational efficiency and customer experience. The integration allows merchants to complete sales and customs procedures through a single secure device, displaying real-time transactional data. This not only improves efficiency but also reinforces Bahrain's position as a leader in digital modernization.
The Ma’arid platform, a pioneering system in exhibition management, has been seamlessly integrated with ASB Pay Business, forming a complete digital cycle that enhances compliance and user experience. This strategic milestone reflects the spirit of collaboration between the public and private sectors in Bahrain, showcasing the country's commitment to digital transformation.
H.E. Shaikh Ahmed bin Hamad Al Khalifa, Customs President, highlighted the importance of this achievement in streamlining processes and maintaining transparency. Meanwhile, Mr. Anwar Murad, Deputy Group CEO at Al Salam Bank, emphasized the qualitative shift this integration brings to managing payments and customs compliance, particularly in the sensitive jewellery sector.
Given Al Salam Bank's robust financial standing and its commitment to innovation, the future looks promising. The bank's strategic partnerships and digital initiatives are likely to drive further growth and enhance its competitive edge in the Islamic banking sector. Investors might find this a good opportunity to buy, considering the bank's potential for long-term growth and its proactive approach to digital transformation.
Source
Summary
Customs Affairs and Al Salam Bank have announced a digital integration between the "Ma’arid" platform and "ASB Pay Business" to be launched at Jewellery Arabia 2025 in Bahrain. This collaboration aims to streamline commercial transactions for exhibitors, particularly those from outside Bahrain, by allowing them to complete sales and comply with customs procedures using a single digital device. The integration is part of efforts to support the national economy and enhance the business environment. The "Ma’arid" platform, developed by Customs Affairs, is the first global system of its kind for managing exhibitions, and its integration with ASB Pay Business creates a comprehensive digital cycle for exhibitors. Officials from Customs Affairs, Al Salam Bank, Arab Financial Services, and Informa Markets highlighted the significance of this initiative in enhancing efficiency, transparency, and the overall exhibition experience, contributing to Bahrain's digital transformation and economic vision.
