Al Salam Bank Launches its First Campaign for "Al Salam Life Planning"

Press release
Published February 15th, 2024 - 06:05 GMT

 Al Salam Bank Launches its First Campaign for "Al Salam Life Planning"
Mohammed Buhejji.

Al Salam Bank has announced its first campaign under the "Al Salam Life Planning" account. The campaign is specifically designed to cater to the diverse financial aspirations of its client base, encompassing savings for retirement, education, marriage, and  the purchasing of property or cars, in addition to other savings goals. Clients will benefit from competitive expected annual profit rates and free Takaful Life Insurance on their monthly contribution of BD 30 for a period ranging from 3 to 20 years.

During the campaign which will run until 7 March 2024, three clients who open an account will have the chance to win an amount equivalent to their total yearly contributions, capped at BD 960 according to the campaign's terms and conditions.

Commenting on this occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: "This campaign reflects our commitment to offering innovative financial solutions to our clients. The Al Salam Life Planning account underscores our dedication to supporting our clients in their savings and helping them effectively achieve their financial goals. We are committed to introducing more campaigns that foster a culture of saving among our clients and positions Al Salam Bank as their preferred financial services provider."

Mr. Buhijji added: "We encourage everyone to take advantage of this exclusive offer by opening an Al Salam Life Planning account throughout the campaign period. By selecting a monthly contribution and preferred savings duration that suits your needs, you can benefit from a tailored savings plan designed to help you reach your financial milestones efficiently, and give you the chance to win."

For more information about Al Salam Bank's products and services, please visit the website www.alsalambank.com, contact via WhatsApp on the bank's number 17005500, or book an appointment at the 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.

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