Al Salam Bank Launches “Back To School” Campaign For “Al Salam Life Planning” Account

Press release

Published August 26th, 2021 - 10:44 GMT

Al Salam Bank Launches “Back To School” Campaign For “Al Salam Life Planning” Account

Mr. Mohammed Buhijji, Head of Retail Banking Al Salam Bank.

Highlights

Al Salam Bank announced the launch of a new promotional campaign entitled “Back to School” for its “Al Salam Life Planning” account

Al Salam Bank announced the launch of a new promotional campaign entitled “Back to School” for its “Al Salam Life Planning” account, which offers the ideal option to save for future education expenses, giving one winner the opportunity to win tuition fees for one year.

When opening an “Al Salam Life Planning” account between August 25 and October 31, 2021, which can be accomplished instantly from the Bank’s mobile application or visiting any of the Bank’s branches, customers will be eligible to enter the draw to win the value of one-year tuition fees for one of their children.

Commenting on the launch of the campaign, Head of Retail Banking, Mr. Mohammed Buhiji stated, “We are pleased to announce the launch of our latest campaign, through which we seek to encourage customers to start saving and reward them for choosing Al Salam Bank by giving them a chance to win one-year tuition fees when they open a new “Al Salam Life Planning” account. We look forward to continuing to launch campaigns with banking products and services that not only meet the needs of our customers, but also exceeds their expectations.”

The Life Planning Account and its flexible tier packages (starting from monthly contributions of BD30, BD80, BD150, and above), with saving plan periods of 3 or 5 years, is designed to assist clients in effectively meeting their saving goals, enabling them to secure a stronger financial future of choice, be it saving for their children’s education, planning for retirement, or saving for a property down payment. In addition, the account offers clients competitive profit rates on minimal investments for short term savings, with the added benefit of accompanying insurance (Takaful) which includes Children’s Education, Life, and Covid-19 coverage.

For more information on the Al Salam Life Planning account, visit www.alsalambahrain.com, WhatsApp 17005500, or book an appointment with Al Salam’s virtual branch via the Skiplino App.

Background Information

Al Salam Bank

Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain, and licensed and regulated by the Central Bank of Bahrain.

ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and commenced commercial operations on 17 April 2006. The Bank was listed on Bahrain Bourse on 27 April 2006 and subsequently on the Dubai Financial Market (DFM) on 26 March 2008.

ASBB completed its merger with the Bahraini Saudi Bank (BSB) on 22 December 2011. On 2 February 2014, Al Salam Bank-Bahrain and BMI Bank B.S.C. (c) confirmed the conclusion of a business combination between the two institutions after obtaining the approval of their shareholders at their respective extraordinary general assembly meetings, and of 30 March 2014 BMI Bank became a wholly owned subsidiary of ASBB.

ASBB offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through an extended network of branches and ATMs, utilizing the state-of-art technologies to meet various banking requirements. In addition to its retail banking services, the Bank also offers Corporate Banking, Private Banking, Asset Management and Treasury services. The Bank's high-caliber management team is comprised of highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance, and related fields.