Al Salam Bank B.S.C

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
Threads
On October 5, 2023, Al Salam Bank B.S.C announced that it has purchased 53,680 treasury shares from the Bahrain Bourse. This acquisition increased the bank's total holding of treasury shares from 36,921,320 to 36,975,000, which represents 1.413% of the issued share capital. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.
Al Salam Bank B.S.C announced on 4th October 2023, that it has purchased 196,320 treasury shares on the Bahrain Bourse. This purchase has increased the total holding of treasury shares from 36,725,000 to 36,921,320, which represents 1.411% of the issued share capital. The information was communicated by Ali Yusuf Al Khaja, the Head of Compliance and MLRO.
Al Salam Bank has introduced a video call feature on its digital self-service kiosk, a platform that provides round-the-clock digital services including account opening, issuing debit and prepaid cards, updating personal information, and more. The new feature allows clients to request direct assistance from a bank representative via video during official working hours. The move is part of the bank's digital-first strategy and its efforts to enhance its clients' banking experience. The service was launched during the bank's migration process to facilitate a smooth transition for Ithmaar Bank's retail banking clients to Al Salam Bank.