Al Salam Bank B.S.C

Logotype for Al Salam Bank B.S.C
Ticker/ISIN
SALAM_BAH
BH000A0J2481
Market/Country
Dubai Financial Market
United Arab Emirates

About Al Salam Bank B.S.C

Al Salam Bank Profile

 

Establishing its headquarters in the Kingdom of Bahrain in 2006, Al Salam Bank has since cemented its reputation as the fastest growing bank in the Kingdom and a highly influential force in the Islamic banking industry on a regional level. Leveraging on its robust financial standing as the industry’s strongest in asset capital, the Bank has a proven track record in risk mitigation and effectively shifting to market dynamics, through its agile and aggressive growth strategy.

 

The Bank has adopted a digital-first mindset to meet the modern-day needs of its clientele, delivering curated financial solutions and a seamless, transformative customer experience. Harnessing the power of data-backed insights and state-of-art technology, Al Salam Bank offers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through its extended network of branches and ATMs. In addition to its diverse range of retail banking services, the Bank also provides corporate banking, private banking, asset management, international transaction banking as well as treasury services.

 

Al Salam Bank’s competitive edge lies in its unrivalled approach to nurturing client relationships, fuelled by a deeply-rooted ethos in humanizing the customer journey through personalization, convenience, and efficiency, creating a refined and rewarding client experience. The Bank prides itself on its solution-oriented philosophy, curating tailored solutions with its clients’ financial needs at the epicenter of everything they do.

 

With a Bahrainization rate of 92%, Al Salam Bank considers its people to be its most valued asset. The Bank has prioritized the wellbeing of its human capital, empowering them with the requisite tools, training and opportunities to create an inspired workforce dedicated to the pursuit of excellence. Championing a highly energetic and collaborative work environment, Al Salam Bank fosters a culture of innovation which celebrates collective achievements.

 

Encouraging a socially responsible culture from within to drive positive change, the Bank is committed to supporting the social and financial wellbeing of the community in which it resides. Driven by the shared passion of its people to form deep relationships with clients, the Bank aims to create solutions to help its customers meet their financial goals in a sustainable manner.

Latest Pressrelease Summaries from Al Salam Bank B.S.C

The text is a proxy form for shareholders of Al Salam Bank B.S.C., allowing them to authorize another person to attend and vote on their behalf at the Bank's Extraordinary General Meeting on November 27, 2025. If a quorum is not present, the meeting will be rescheduled for December 4, 2025, and December 11, 2025, if necessary. The agenda includes ratifying previous meeting minutes, approving amendments to the Bank's Articles of Association to include new business activities and board membership qualifications, and authorizing specific individuals to handle formalities related to these changes. Shareholders can attend in person or via a proxy, who cannot be a director or employee of the Bank unless they are a first-degree relative. Proxy forms must be submitted 24 hours before the meeting. Additional information and documents are available on the Bank's website and the Bahrain Bourse website.
Al Salam Bank B.S.C invites its shareholders to an Extraordinary General Meeting on November 27, 2025, at the Ritz Carlton Hotel in Bahrain. If a quorum is not met, subsequent meetings are scheduled for December 4 and December 11, 2025. The agenda includes ratifying previous meeting minutes, approving amendments to the Articles of Association to include new business activities like e-market operations and online retail, and setting qualifications for board membership. These changes require approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The meeting will also authorize certain individuals to execute necessary formalities and address any other arising matters. Shareholders registered on the meeting date can attend or appoint a proxy, with proxy forms available on the bank's website and to be submitted 24 hours before the meeting. Institutional shareholders must provide a signed and sealed proxy form. Draft amendments are available online, and inquiries can be directed to the Investor Relations Department.
Al Salam Bank and Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, have formed a strategic partnership to offer Shari’a-compliant property financing for units in the Tivoli Residences at Bilaj Al Jazayer, a premier waterfront development in Bahrain. The bank will provide flexible and tailored financing options, including up to six months grace period, competitive profit rates, loyalty reward points, instant approval, and a seamless application process. The partnership aims to facilitate homeownership and offer a luxurious beachfront lifestyle. Tivoli Residences features a range of residential units with high-end amenities such as a rooftop infinity pool, fitness center, and 24-hour security.
Al Salam Bank has launched "ASB Pay Business," a Shari’a-compliant digital POS platform in Bahrain, designed to serve a range of businesses from large corporations to MSMEs and freelancers. The platform provides a comprehensive digital payment solution, allowing merchants to accept payments via smartphones without traditional POS devices. It includes features like digital invoicing, payment links, direct bank integration, and real-time transaction tracking. ASB Pay Business aims to support underserved merchant segments, offering a mobile-first solution that integrates with accounting and e-commerce systems. The platform emphasizes fast onboarding and secure transactions, with same-day settlement for merchants with Al Salam accounts. This initiative aligns with the bank's goal to lead digital transformation in finance and support the MSME sector, enhancing business efficiency and growth.
Al Salam Bank has announced its Platinum Sponsorship of the annual reception hosted by the Bahrain Association of Banks (BAB) in Washington, D.C., scheduled for October 16, 2025. This event coincides with the annual meetings of the International Monetary Fund and the World Bank and is expected to attract significant participation from Bahraini banks and senior delegations from both public and private financial institutions. Rafik Nayed, Group CEO of Al Salam Bank, highlighted the bank's focus on promoting Bahrain's role in global financial dialogues and its contributions to the stability and growth of the financial sector. He praised the event as a tradition that strengthens Bahrain's economic ties with international partners. The Bahrain Association of Banks commended Al Salam Bank for its support, noting that it enhances the event's outcomes and provides growth opportunities for Bahrain’s banking sector. The reception is seen as a chance to showcase Bahrain's financial system's strength and resilience, reinforcing its position as a preferred destination for international investment and partnerships.
Al Salam Bank has launched a new financing campaign in response to client demands, running until December 31, 2025. Eligible clients will be automatically entered into monthly draws over three months, with the October prize offering the chance to have outstanding finance settled, subject to terms and conditions. The campaign targets clients with Personal, Auto, or Property Finance, including those in Social Housing programs, who meet specific criteria such as maintaining an active credit card and a minimum balance in a Danat or Danat Plus account. The initiative aims to reward client loyalty and encourage new clients by offering innovative incentives and promoting financial stability. For more details, clients can visit the bank's website or contact them through various channels.
Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Wednesday, 17th September 2025, at 10:00 am to discuss regular and periodic updates. The announcement was addressed to the Bahrain Bourse and the Dubai Financial Market. The notice was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.
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.

Threads

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Postponing BOD meeting date

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Press release

Al Salam Bank has signed a Memorandum of Understanding (MOU) with Bareeq Al Retaj, a prominent real estate developer in Bahrain, to offer exclusive real estate financing solutions for buyers interested in housing units in Ras Hayan Village and Wahati projects. The partnership provides clients with competitive profit rates, a 6-month grace period, quick approvals, waived administration and valuation fees, loyalty rewards points, complimentary consultations, and discounts on home and electronic appliances. Eligible clients under the Tas’heel scheme will also benefit from waived registration fees and free life and fire insurance. The collaboration aims to enhance the quality of life for clients and support national housing goals. Ras Hayan Village offers sustainable living with various plot sizes, while Wahati features modern apartments in a convenient location. For more information, clients can visit the bank's website or contact them via WhatsApp or Skiplino.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Press release

Al Salam Bank, in partnership with Solidarity Bahrain, has launched a new multi-year motor Takaful insurance product for the first time in Bahrain. This Sharia-compliant insurance offers coverage for up to seven years with flexible payment options, including installments, cash, and "Buy Now Pay Later." The first 30 clients to issue a new policy by September 30, 2024, will receive BD 50. Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, highlighted the product's benefits, including ease of mind, special discounts, and a seamless banking experience. The fixed-cost coverage remains consistent even in the event of claims, and the insurance amount is lower than annual renewal policies. For more information, visit the bank's website or contact them via WhatsApp or Skiplino.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Clarification from the company

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: BOD meeting

1. Attached Document

AkSharesKumar profile image

AkSharesKumar

Commented on JohnnyDebts Transaction regarding Al Salam Bank B.S.C

Nice move! Al Salam Bank could be a strong play in the Financials sector. Diversification is key, and it looks like you're onto something good. Keep an eye on those growth opportunities!
AkSharesKumar profile image

AkSharesKumar

Commented on FinDiesels Transaction regarding Al Salam Bank B.S.C

Nice move, FinDiesel! Al Salam Bank at 1.89 AED sounds like a solid buy. Diversifying with Financials complements your robust portfolio in Industrials and Materials. Keep up the winning streak! 💪🚀
QueenOfCommunication profile image

QueenOfCommunication

Commented on FinanceBroAEDs Transaction regarding Al Salam Bank B.S.C

Nice move! Al Salam Bank seems like a solid buy at that price. Always intriguing to see more diverse sector plays, especially with your Financials and Industrials focus. Curious to see how this pans out! 🚀📈
Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Results of BOD Meeting

Al Salam Bank B.S.C announced that its Board of Directors held a meeting on Thursday, 13th June 2024, at 10:00 am. During this meeting, the board approved regular and periodic items. The announcement was addressed to Bahrain Bourse and Dubai Financial Market and was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.

1. Attached Document