Al Salam Bank B.S.C

Al Salam Bank has formed a strategic partnership with MG Motor, owned by Zayani Motors, to offer a comprehensive auto financing package available until December 31, 2025. This offer includes special pricing on selected MG models and covers all initial fees and expenses, such as registration fees, a service package, Takaful insurance, and a 6-year warranty. Al Salam Bank clients can benefit from affordable monthly installments starting at BD 68, subject to terms and conditions. This initiative aims to ease the financial burden on clients during the early years of car ownership. The partnership reflects Al Salam Bank's commitment to providing innovative and client-focused financial solutions, while MG Motor sees it as a way to make their vehicles more accessible in Bahrain. For more details, interested parties can contact Al Salam Bank's Relationship Managers or visit their website.

Al Salam Bank has launched a range of protection and savings plans under its Sharia-compliant "Al Salam Takaful" in partnership with Solidarity Bahrain. The initiative includes a promotional campaign with exclusive Takaful offers, such as up to 28% off on new Travel Takaful policies and a 10% voucher for Motor Takaful policies for new clients. The Takaful offerings cover various insurance solutions for individuals and businesses, including Motor, Travel, Home, and Personal Accident insurance, as well as group medical schemes. The protection and savings plans aim to provide financial stability and help clients prepare for future goals like education, retirement, and medical emergencies. The bank emphasizes its commitment to addressing clients' needs and offers these services through branches, kiosks, and a mobile app. For more details, clients are encouraged to visit the bank's website or contact them via WhatsApp.

Bank Al Salam has announced a partnership with the Zakat and Charity Fund of the Ministry of Justice, Islamic Affairs, and Endowments in Bahrain. This collaboration aims to unify efforts to support needy groups through transparent and organized mechanisms. The initiative reflects the bank's commitment to social responsibility and its strategy to make a positive impact on individuals and families in Bahrain. The collaboration seeks to channel the bank's charitable contributions to ensure they reach the deserving beneficiaries effectively. This partnership is seen as a model for cooperation between the financial and charitable sectors, enhancing support for those in need and promoting community cohesion. The bank believes in the importance of extending its success to the community, and through this partnership, it aims to address urgent humanitarian and social priorities, such as emergency funding, medical supplies, and educational support for students from low-income families.

Al Salam Bank has formed a strategic partnership with Live Life and Al Rashid Group to offer exclusive discounts of up to 20% for its cardholders in Bahrain. This collaboration allows holders of Al Salam Bank credit, prepaid, and youth cards to receive discounts at various Al Rashid Group outlets, including Home Centre, Home Box, Max, Mothercare, Centrepoint, Lifestyle, Shoemart, and Splash. The initiative reflects Al Salam Bank's commitment to enhancing client experiences by providing added value beyond traditional banking services, aligning with its strategy to form partnerships that complement clients' lifestyles. Key figures from Al Salam Bank, Live Life, and Al Rashid Group expressed their enthusiasm for the partnership, highlighting its potential to enhance lifestyle experiences and offer meaningful benefits. Discounts are subject to terms and conditions, with specific offers available at different outlets. For more details on the offers and participating stores, clients are encouraged to visit Al Salam Bank's website or Instagram account.

Al Salam Bank recently hosted its third Sharia Forum in Manama, Bahrain, aimed at enhancing communication and integration among professionals in the Islamic banking sector. The forum gathered experts and specialists to discuss compliance and accounting issues, reflecting the bank's commitment to supporting the Islamic banking industry. The event provided a platform for professionals to exchange insights and address developments and challenges in the sector, contributing to the advancement of professional standards and practices in line with Sharia principles. This year's forum featured panel discussions and workshops centered on Sharia audits of financial statements in Islamic financial institutions. Mr. Eihab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank, emphasized the bank's dedication to supporting Sharia professionals and enhancing governance frameworks. The forum builds on previous editions that addressed key topics in Sharia compliance and positions Al Salam Bank as a leader in the field. Through this initiative, the bank aims to advance the Islamic banking industry and empower national talents to meet evolving Sharia requirements.

Bank Al Salam in Bahrain achieved an unprecedented milestone by winning five awards from Visa within a single year. This accomplishment highlights the bank's commitment to innovative, customer-focused banking solutions and its leadership in adopting advanced technologies for a comprehensive banking experience. The awards recognize the bank's excellence in various performance categories, including growth in payment volume, digital spending, active cards, and both domestic and international spending. The awards include: 1. Highest growth rate in payment volume for 2024 in Bahrain. 2. Highest growth rate in active cards for 2024 in Bahrain. 3. Highest growth rate in spending for 2024 in Bahrain. 4. Highest growth rate in cross-border spending for 2024 in Bahrain. 5. Highest growth rate in digital spending for 2024 in Bahrain. Anwar Murad, Deputy CEO of Banking Services at Bank Al Salam, expressed pride in this achievement, emphasizing the bank's dedication to innovation and enhancing digital payment experiences. He noted that winning five awards in one year reflects the bank's market trust and the quality of its banking products and services. The success is attributed to the bank's strategy focusing on digital transformation, operational efficiency, and offering data-driven smart banking experiences. Ali Bailoun, Visa's Regional General Manager for Saudi Arabia, Bahrain, and Oman, praised Bank Al Salam's exceptional performance and its commitment to excellence in digital payments. He emphasized the bank's unique ability to stimulate usage, expand card bases, and enhance reliance on digital payments. The success results from a clear strategy and dedicated executive team, reinforcing the fruitful partnership between Visa and Bank Al Salam. For more information about Bank Al Salam's products and services, visit their website or contact them via WhatsApp.

Al Salam Bank has launched a comprehensive auto financing package in collaboration with BYD, a leader in New Energy Vehicle manufacturing. This offer, available until December 31, 2025, provides financing for BYD vehicles powered by renewable energy. The package includes benefits such as special pricing for all models, a three-year service package, one-year registration fees, an eight-year or 200,000-kilometer battery warranty, a six-year or 150,000-kilometer vehicle warranty, and multi-year insurance coverage for three years. Monthly installments start from BD83, with terms and conditions applying. Al Salam Bank aims to provide a seamless financing experience by covering major vehicle ownership costs for the initial years. The collaboration is supported by Fakhro Motors, the exclusive distributor of BYD in Bahrain, highlighting a shared commitment to offering integrated solutions for sustainable mobility.

Al Salam Bank announced the successful completion of its USD 450 million Additional Tier 1 (AT1) Capital issuance, indicating strong investor confidence in the bank's financial health and long-term growth strategy. The issuance, structured as a private placement and advised by ASB Capital, attracted significant demand from both regional and international investors. This initiative is part of the bank's broader financial optimization strategy to enhance its capital position and support future growth plans. The issuance underscores the bank's commitment to sustainable growth and financial resilience, positioning it as a leading financial group in the region. ASB Capital, which advised on the issuance, provides tailored financing solutions and was recently involved in a USD 1 billion Sukuk issuance for Bapco Energies. Rafik Nayed, Group CEO of Al Salam Bank, highlighted the issuance as a testament to the bank's financial stability and strategic direction, noting a consistent increase in equity since 2020. He emphasized ASB Capital's ability to attract investor demand despite global market volatility, showcasing the firm's expertise in capital markets.