Al Salam Bank’s Strategic Partnership with Talabat: A Win-Win for the Bank and Its Customers
Al Salam Bank's recent partnership with food delivery platform Talabat promises exclusive discounts for its clients during Ramadan, demonstrating the bank's commitment to community wellbeing and customer satisfaction.
Summary
Al Salam Bank has announced a partnership with food delivery platform Talabat to offer exclusive discounts during Ramadan. The initiative is a strategic move that aligns with the bank's commitment to supporting the social and financial wellbeing of its community and is expected to foster customer loyalty.
Al Salam Bank, a leading Islamic bank headquartered in Bahrain, has recently announced a strategic partnership with Talabat, a popular food delivery platform. The partnership aims to offer exclusive discounts to Al Salam Bank’s Visa Credit and Prepaid cardholders during the holy month of Ramadan, from 11 March to 10 April.
The bank's clients will be entitled to a 30% discount for orders of BD 10 or more, capped at BD 3, with a card usage limit of four times during the offer period. However, transactions made through Apple Pay and Samsung Pay are not included in the offer.
This initiative is a testament to Al Salam Bank's commitment to supporting the social and financial wellbeing of its community. It also reflects the bank's customer-centric approach, which is evident in its diverse range of innovative and unique Shari’a-compliant financial products and services.
Despite a slight dip in the 1-month yield, the bank's 3-month yield shows a positive trend. With a market cap of 5,495,553,313, Al Salam Bank continues to maintain a robust financial standing. The bank's aggressive growth strategy, coupled with its digital-first mindset, positions it well to adapt to market dynamics and mitigate risks effectively.
Given the bank's strong market position, innovative approach, and commitment to customer satisfaction, the future looks promising for Al Salam Bank. The recent partnership with Talabat not only enhances the bank's service offering but also fosters customer loyalty, which is crucial for sustained growth in the competitive banking industry.
Considering these factors, it is suggested that investors hold their position with Al Salam Bank. The bank's financial standing, growth strategy, and customer-centric initiatives indicate a positive future outlook, making it a potentially profitable investment in the long run.
Source
Summary
Al Salam Bank has partnered with food delivery platform talabat to offer exclusive discounts to its clients during the holy month of Ramadan, from 11 March to 10 April. The bank will offer instant discounts to its Visa Credit and Prepaid cardholders for their Ramadan and Eid purchases made on talabat. The discount is 30% for orders of BD 10 or more, capped at BD 3, with a card usage limit of four times during the offer period. The bank's Head of Retail Banking, Mohammed Buhijji, said the initiative aligns with the bank's commitment to supporting the social and financial wellbeing of its community. The offer does not include transactions made through Apple Pay and Samsung Pay.
