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

ONE App, powered by Al Salam Bank, has launched a new feature called the "Digital Marketplace," which offers users instant access to a wide range of digital vouchers and gift cards from various local and international merchants at competitive prices. This feature aims to provide a flexible and secure shopping experience, allowing users to easily browse, select, and purchase vouchers or gift cards, which are activated immediately upon purchase. The marketplace includes options such as retail stores, delivery apps, digital subscriptions, and telecom services, offering users diverse choices. Haitham Al-Haddad, General Manager of ONE App, highlighted the app's commitment to delivering innovative digital solutions and enhancing user experience. The Digital Marketplace is part of ONE App's broader mission to offer smart financial solutions that promote financial independence and help users manage their finances more effectively.

Al Salam Bank has launched the 2025 Danat Savings Scheme, the largest in Bahrain's history, with a total prize value exceeding BD 4 million. The scheme includes three grand prizes totaling BD 3 million, with two individual prizes of BD 1 million each and a third prize of BD 1 million shared among ten winners. For the first time, a monthly grand prize of BD 100,000 will be awarded, alongside 50 monthly cash prizes of BD 500 and 50 youth prizes of BD 200 for clients aged 10 to 18. A monthly loyalty prize of BD 1,000 will also be available for Danat Plus account holders. Clients earn draw entries based on their investment amounts, with additional benefits for Danat Plus account holders. The scheme aims to promote saving and investment, offering opportunities to transform clients' lives. Since its inception, the Danat Savings Scheme has awarded over BD 15 million in prizes to more than 8,000 winners, including grand prizes such as luxury villas and gold bars. The 2025 scheme was launched following the announcement of the 2024 grand prize winner to maintain excitement and encourage participation.

Al Salam Bank has signed a Memorandum of Understanding with Eagle Hills Diyar to offer real estate financing solutions for clients interested in purchasing residential units in Marassi Bay, Marassi Terraces, and Palace Residences in Bahrain. The collaboration aims to enhance homeownership opportunities by providing competitive profit rates, a grace period of up to six months, and loyalty reward points. Clients will also receive a complimentary consultancy session for interior design. Mr. Anwar Murad of Al Salam Bank expressed the partnership's goal to provide innovative financing solutions, while Dr. Maher Al Shaer of Eagle Hills Diyar highlighted the strategic step in offering attractive financing options. This agreement aligns with Al Salam Bank's strategy to enhance its real estate financing offerings and support the housing sector.

Al Salam Bank in Bahrain has achieved the ISO 9001:2015 Quality Management System Certification for its Shari’a Audit Department for the second consecutive time. This certification, awarded by Lloyd’s Register Quality Assurance Limited and accredited by the United Kingdom Accreditation Service, makes Al Salam Bank the first Islamic bank in Bahrain to receive this recognition. The certification highlights the bank's commitment to global quality management standards and reflects the efforts of its Shari’a Audit Department in maintaining high professional standards. The ISO 9001:2015 certification is a renowned standard for quality management, ensuring improved performance, quality control, and compliance with legal and regulatory requirements. Mr. Ehab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank, expressed satisfaction with the achievement, emphasizing the bank's dedication to adopting best practices, enhancing operational efficiency, and providing quality banking services.

Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Tuesday, 13 May 2025, at 10:00 am to discuss and approve the financial results for the period ending 31 March 2025. This announcement is directed to the Bahrain Bourse and Dubai Financial Market. The notice is signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.

Al Salam Bank B.S.C held its General Assembly Meeting on Wednesday, 19 March 2025, from 11:00 am to 12:10 am at The Ritz Carlton, Al Ghazal Hall 3 in Bahrain. The meeting was chaired by H.E. Shaikh Khalid Bin Mustahail Al Mashani. The quorum for the Annual General Meeting (AGM) was 75.43%, and for the Extraordinary General Meeting (EGM), it was 75.51%. Attendance was broken down into 0.06% personal attendance and 75.37% proxy attendance, with electronic voting also being utilized. The meeting included decisions and resolutions from the General Assembly.

Al Salam Bank B.S.C. announced that on March 13, 2025, it sold 55,000,000 treasury shares on the Bahrain Bourse. This transaction reduced the bank's total holding of treasury shares from 100,932,001 to 45,932,001, representing 1.672% of the issued share capital. The information was communicated to both the Bahrain Bourse and the Dubai Financial Market. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO, and included the company seal.

Al Salam Bank, in partnership with Solidarity Bahrain, has launched a Ramadan campaign offering a 15% cashback on comprehensive Takaful Motor insurance. This offer, valid until March 31, 2025, is available to Al Salam Bank clients who own or plan to purchase a vehicle. Additionally, clients can receive a 15% discount on Takaful Travel and Takaful Property insurance during Ramadan. The bank aims to provide seamless access to these services through various channels and emphasizes its commitment to Sharia-compliant products. Mr. Mohammed Buhijji, Head of Retail Banking, highlighted the campaign's goal of offering value-added benefits to reduce clients' financial burdens. For more information, clients can visit the bank's website, contact via WhatsApp, or use the Skiplino app to book an appointment.