Press releases, Reports & Disclosures for Al Salam Bank B.S.C

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.

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.

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.

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 the meeting, the Board approved regular and periodic items. The announcement was addressed to Bahrain Bourse and Dubai Financial Market. The notice was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.

Al Salam Bank in Bahrain has launched a new financing solution for clients purchasing watercraft such as boats, jet skis, and jetties. The initiative, the first of its kind in Bahrain, includes a campaign running from May 29 to July 31, 2024, where five winners will receive three months of paid installments, capped at BD 1,000 each. The bank aims to support the maritime sector with financial solutions like "Buy Now Pay Later" options and other banking products. The campaign is in partnership with Sea World and Yamaha, offering clients extended warranties, special service packages, and discounts. Clients can apply for financing at showrooms or through dedicated relationship managers and enjoy benefits like a 6-month grace period, competitive profit rates, and flexible payments. For more information, clients can visit the bank's website, contact via WhatsApp, or book an appointment through Skiplino.