Al Salam Bank Launches The Danat Savings Scheme For 2021

Press release
Published April 11th, 2021 - 11:00 GMT

Al Salam Bank Launches The Danat Savings Scheme For 2021
Mr. Mohammed Buhijji, Head of Retail Banking Al Salam Bank.
Highlights
Al Salam Bank (Al Salam Bank) recently announced the launch of a completely revamped program under the Bank’s Danat Savings Scheme for the year ahead.

Al Salam Bank (Al Salam Bank) recently announced the launch of a completely revamped program under the Bank’s Danat Savings Scheme for the year ahead. Under the revamped scheme, which comes in line with the Bank’s commitment to providing its clients with unparalleled experiences, the Bank is offering its clients the opportunity to win an increased variety of cash prizes throughout the year, concluding with a grand prize of a luxury villa and a monthly salary of BD10,000 for an entire year. 

Clients will have the opportunity to win daily prizes of BD 300, five monthly prizes worth BD 10,000, and five salary prizes which will be drawn each alternating month worth BD 1,000 monthly for one year.

For the first time in the Kingdom of Bahrain, the Danat Savings Scheme is also introducing a brand new category of prizes exclusively for clients who have never won before, where there are monthly prizes worth BD 1,000 up for grabs. In addition, clients who open a Danat Savings account via Al Salam Bank mobile banking application will automatically enter a special draw providing them the chance to win additional monthly prizes worth BD 1,000. 

Head of Retail Banking, Mr. Mohammed Buhijji, revealed, “As part of our commitment to creating transformative experiences to our valued clients which exceed their expectations, we wanted to provide our valued clients with even more opportunities to win big under the completely revamped Danat Savings Scheme for 2021. This year we are introducing a brand-new category of exclusive draws for clients who have never won before.” 

Al Salam Bank clients will be eligible to enter the draws by opening a Danat Savings account and investing a minimum of BD 50.  Every BD 50 invested and maintained for a longer period will qualify clients with increased chances of winning. Clients can also open a Danat account via Al Salam Bank mobile application within a matter of minutes, qualifying them to win in the special digital draws.

Clients who register and activate their Loyalty Rewards Program account will also be able to earn loyalty points when maintaining a deposited amount in their Danat Savings Account. These points may be redeemed against a range of rewards and benefits, including cashback options, airmiles, travel reservations, as well as other rewards which are available on Al Salam Bank’s online shopping store.

For more information on the Danat Savings scheme, please visit the Al Salam website, contact the Bank via WhatsApp or book your appointment with the virtual branch via 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.

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