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Threads on regulatory news from companies
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.