Al Salam Bank Launches its Corporate Banking Online Platform

Press release
Published August 10th, 2021 - 09:13 GMT

Al Salam Bank Launches its Corporate Banking Online Platform
Deputy Chief Executive Officer of Al Salam Bank, Mr. Anwar Murad, Mr. Ahmed Murad, Head of Corporate Banking at Al Salam Bank
Highlights
Al Salam bank announces the launch of its corporate banking online platform, allowing corporate clients to process their daily financial transactions online through a fully digital interface.

Al Salam bank announces the launch of its corporate banking online platform, allowing corporate clients to process their daily financial transactions online through a fully digital interface. The platform is fully developed by a skilled innovation team of young Bahraini nationals at Al Salam Bank.

This unique online platform comes armed with advanced features for swift business operations, with an easy-to-use interface. The comprehensive platform allows corporate clients to view Al Salam Bank’s products and services, conduct various banking transactions such as processing intra-bank, local and international payments, employee payroll, statement requests as well as initiate Wakala Deposit investments in a single click. Corporate and business banking clients using the platform will also stand to benefit from a host of other features, including unlimited daily approvals on platform-initiated transactions, settlement of bills, cheque book issuance requests and the subsequent receipt of full-fledged reports outlining activities concluded online.

Commenting on the launch of the newly developed platform, Deputy Chief Executive Officer of Al Salam Bank, Mr. Anwar Murad, said, “We continue to develop our products and services with an innovative outlook to best serve our existing and new clients. As such, we are pleased to announce a completely new banking platform that will facilitate corporate transactional needs through a fully digital interface, in turn eliminating the need for branch visits. We are extremely proud of our Al Salam Bank Bahraini team who have developed this platform as the latest addition to the roster of digital innovations, and we take this opportunity to commend the exceptional team effort in launching this platform.”

Mr. Ahmed Murad, Head of Corporate Banking at Al Salam Bank, stated, “We are pleased to introduce the newly developed platform to our corporate business banking clients. Upon registering for this comprehensive digital platform, our corporate customers will have access to a range of online features, ultimately assisting them with efficient and convenient business operations. What distinguishing our platform is the pace and urgency at which it affects customers, workers, and businesses.” 

 

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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