Al Salam Bank Welcomes Students from Ibn Khuldoon National School

Press release

Published March 29th, 2023 - 06:58 GMT

Al Salam Bank Welcomes Students from Ibn Khuldoon National School

During the event

Highlights

Al Salam Bank recently welcomed a delegation of 20 high school students from Ibn Khuldoon National School (IKNS) at the Bank’s headquarters.

Al Salam Bank recently welcomed a delegation of 20 high school students from Ibn Khuldoon National School (IKNS) at the Bank’s headquarters. The visit aimed to provide the students with an in-depth look into the banking industry’s workflow, as well as familiarize them with operational mechanisms by highlighting the basics of Islamic banking and its contrast to traditional banking methods. To further develop the school’s vocational efforts, a number of specialists also gave a comprehensive overview of the Bank’s daily operations.

During the field trip, the Bank introduced the CBB’s role as one of the main regulators in the industry, in addition to answering any questions the students had. The students also participated in an interactive exercise where they were required to form a company, identify their roles and implement a profitable strategy. The exercise enabled the students to hone their planning skills, as well as learn the importance of collaboration and synergy.

In line with Al Salam Helping Hands and its Guiding Principle “We Act with Empathy”, Al Salam Bank is committed to adopting innovative and educational initiatives that will contribute to creating informed generations armed with the knowledge to enter the future labor market.

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.