Al Salam Bank Sponsors Injaz Bahrain’s Signature Award For Young Entrepreneurs

Press release
Published June 29th, 2022 - 07:18 GMT

Al Salam Bank Sponsors Injaz Bahrain’s Signature Award For Young Entrepreneurs
Muna Al Balooshi, Head of Human Resources & Administration at Al Salam Bank
Highlights
Al Salam Bank announced its support for INJAZ Bahrain’s 14th annual National Young Entrepreneurs Competition, which is set to take place from the 28th to the 29th of June 2022

Al Salam Bank announced its support for INJAZ Bahrain’s 14th annual National Young Entrepreneurs Competition, which is set to take place from the 28th to the 29th of June 2022, by sponsoring the Signature Award for “Best Booth and Brand” as part of the Company Program curriculum, organized by INJAZ Bahrain for high school and university students in the Kingdom. The sponsorship, which focuses on honing the talent of Bahraini youth and equipping them with the required skillset to excel in the entrepreneurial field, comes in line with Al Salam Bank’s commitment to nurturing local youth and supporting the wellbeing of the local community at large. 

The Company Program is INJAZ Bahrain’s signature curriculum, implemented in high schools and universities to offer students the opportunity to experience the entire life cycle of a start-up company and discover all the elements of entrepreneurship under the supervision of mentors that have volunteered from the private sector. Participating students will benefit from practical experience and exposure to free-market concepts, in the likes of governance and capital.

This year’s National Young Entrepreneurs Competition will include a host of judges, including Mr. Mahmood Qannati, representing Al Salam Bank. The Signature Award, which will be awarded on 29th of June, recognizes the participating student that demonstrated the best leadership and team management abilities.

Commenting on the sponsorship, Ms. Muna Al Balooshi, Head of Human Resources and Administration at Al Salam Bank, said, “We are pleased to be supporting the Bahraini youth and empowering them to become future leaders in a variety of industries. Through this initiative, we aim to encourage the students to expose themselves to experiences that will enable them to enhance their skills, all while positively contributing to the prosperity of the Kingdom’s economy. Our support of INJAZ Bahrain reiterates our ongoing commitment towards supporting the social and financial wellbeing of the community and developing future generations of talented entrepreneurs and professionals in Bahrain.”

By forming various partnerships and launching various community-led initiatives throughout the year, Al Salam Bank aims to provide young talent with increased career training opportunities in order to help them gain various professional skills to better enable them to excel in the job market in the future, with the overall aim of fulfilling the Bank’s role towards Bahrain’s 2030 Economic Vision. 

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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