Al Salam Bank Unveils Auto Finance Deal with Mercedes
Al Salam Bank partners with Al Haddad Motors to offer a comprehensive auto finance deal for Mercedes-Benz vehicles, simplifying ownership with all-inclusive packages.
Summary
Al Salam Bank has launched a comprehensive auto finance offer in collaboration with Al Haddad Motors, enabling customers to own Mercedes-Benz vehicles with competitive pricing and inclusive packages.
In an exciting development for automotive enthusiasts and financial strategists alike, Al Salam Bank, a prominent player in the Islamic banking sector, has announced a strategic partnership with Al Haddad Motors, the official distributor of Mercedes-Benz in Bahrain. This collaboration introduces a compelling auto finance offer that aims to redefine the car ownership experience for customers in the region.
Running until December 31, 2025, the offer is designed to cover all associated costs of purchasing a Mercedes-Benz vehicle. Customers can benefit from a special car price, a five-year service package, one-year registration fees, a five-year warranty, and an optional five years of comprehensive Takaful insurance. The financial package is structured to start with monthly installments as low as BHD 274, including insurance.
Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, emphasized the significance of this collaboration by stating, 'We are proud to launch this exclusive collaboration with Al Haddad Motors, which marks a significant step in delivering comprehensive financing offers that align with the aspirations of our clients.' This initiative underscores Al Salam Bank's commitment to providing flexible and integrated financing solutions that support clients' lifestyles and ambitions.
From Al Haddad Motors' perspective, General Sales Manager Mr. David Lord expressed his enthusiasm, noting, 'We are pleased to be part of this important collaboration with Al Salam Bank, which is designed to offer attractive and comprehensive deals for acquiring Mercedes-Benz vehicles. We believe this initiative will greatly facilitate the ownership process of our luxury cars and provide clients with peace of mind through the offer’s all-inclusive nature.'
For potential investors, this partnership signifies Al Salam Bank's proactive approach in expanding its service offerings and enhancing customer satisfaction. The bank's digital-first mindset and innovative financial solutions are evident in this strategic move, which not only broadens its portfolio but also strengthens its market position.
Given the bank's robust financial standing and strategic growth initiatives, the current recommendation is to hold the instrument. The partnership with a luxury brand like Mercedes-Benz reflects positively on Al Salam Bank's brand image and could potentially drive future growth.
Source
Summary
Al Salam Bank has partnered with Al Haddad Motors, the official distributor of Mercedes-Benz in Bahrain, to offer a comprehensive auto finance package for Mercedes-Benz vehicles. The offer, available until December 31, 2025, includes a special car price, a five-year service package, one-year registration fees, a five-year warranty, and optional five-year comprehensive Takaful insurance, with monthly installments starting from BHD 274. This initiative aims to simplify car ownership by integrating all related expenses into a single financing plan. Both Al Salam Bank and Al Haddad Motors expressed their satisfaction with the partnership, highlighting its potential to facilitate the car ownership process and enhance customer experience. For more details, customers can contact Al Salam Bank's Relationship Managers or visit the bank's website.
