Al Salam Bank Launches a New Line of Corporate Cards

Press release

Published April 11th, 2022 - 06:30 GMT

Al Salam Bank Launches a New Line of Corporate Cards

Ahmed Murad, Head of Corporate Banking.

Highlights

Al Salam Bank recently launched a new line of corporate cards specifically designed to cater to the needs of corporate entities and Micro, Small & Medium Enterprises (MSME) across the Kingdom of Bahrain. The cards can be used through the Bank’s self-service portal, enabling clients to issue and manage card limits without having to visit a branch. The initiative comes in line with Al Salam Bank’s digital-first mindset, which revolves around effectively utilizing the latest advancements in technology to offer clients a convenient and seamless banking experience.

Commenting on the occasion, Mr. Ahmed Murad, Head of Corporate Banking at Al Salam Bank, said, “At Al Salam Bank, we have always sought to provide a transformative experience through quality services, designed with our distinguished clients in mind, as part of our aim to provide a range of distinctive products and services suited to their evolving needs. For this reason, we are delighted to announce the launch of a new suite of corporate cards uniquely catered to corporate clients and MSMEs; which offer a range of benefits to elevate their businesses, enabling users to manage their day-to-day business affairs with ease. We are particularly proud of the self-service portal which provides our clients with increased control, enabling them to issue cards, manage limits, apply usage restrictions, view spends, and generate analytics reports directly from the portal.”

The new diverse line includes a Purchasing Card, designed for daily corporate expenses in the likes of LMRA payments and other daily overheads, a Centralized Virtual Travel Card, issued on behalf of any company intended to be used as a single travel agent, in addition to a Travel and Entertainment Card designed to manage travel expenses for business trips.

For more information, visit the Bank’s website www.alsalambank.com, WhatsApp on 17005500, or book an appointment with Al Salam Bank’s virtual branch via Skiplino.

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.