Al Salam Bank Reports Strong H1 2025 Growth
Al Salam Bank has announced a significant increase in its financial performance for the first half of 2025, driven by robust core banking operations.
Summary
Al Salam Bank's H1 2025 results show a 32.1% increase in net profits, driven by strong core banking operations and strategic investments in digital innovation.
Al Salam Bank B.S.C, a prominent player in the Islamic banking sector, has recently announced its financial results for the first half of 2025, showcasing a remarkable performance that underscores its strategic prowess and adaptability in a volatile economic landscape. The bank reported a 32.1% increase in net profits attributable to shareholders, reaching BD 37.4 million (USD 99.1 million) compared to BD 28.3 million (USD 75.0 million) in the same period of 2024. This impressive growth is predominantly driven by the strong performance of the bank's core banking operations.
The earnings per share also saw a significant rise, increasing to 11.1 fils (USD 29.5 cents) in H1 2025 from 9.3 fils (USD 24.7 cents) in H1 2024. Furthermore, the total comprehensive income attributable to the owners of the bank reached BD 41.6 million (USD 110.4 million), marking a 4.5% increase from the previous year. These figures reflect the bank's robust financial health and its ability to maintain growth despite external challenges.
Al Salam Bank's total shareholders' equity saw an 11.6% increase, reaching BD 402.5 million (USD 1.07 billion), while total assets grew by 10.7%, amounting to BD 7.82 billion (USD 20.74 billion). These increases can be attributed to the bank's strategic investments and its focus on enhancing operational efficiency and digital innovation.
Commenting on the results, His Excellency Shaikh Khalid bin Mustahail Al Mashani, Chairman of Al Salam Bank, emphasized the bank's resilience and adaptability in a turbulent geopolitical and economic environment. He highlighted the bank's commitment to long-term value creation, underpinned by strong fundamentals and disciplined risk management.
Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, echoed similar sentiments, pointing out the bank's advancement in strategic priorities, including digital innovation and regional capabilities. He expressed optimism about the bank's future, focusing on deepening client relationships and pursuing opportunities across banking and asset management.
Given the bank's strong financial performance and strategic direction, investors might consider holding their positions. The bank's emphasis on innovation and regional growth, coupled with its robust financials, suggests potential for continued success. However, as with any investment, it's crucial to stay informed about market conditions and the bank's ongoing developments.
Source
Summary
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.
