Al Salam Bank Bahrain Launches Its Latest Personal and Property Financing Campaign

Press release
Published January 11th, 2021 - 11:58 GMT

Al Salam Bank Bahrain Launches Its Latest  Personal and Property Financing Campaign
Mohammed Buhijji _Head of Retail Banking_Al Salam Bank.
Highlights
Al Salam Bank, a pioneering Shari'a-compliant Bank in Bahrain, has announced the launch of its latest personal and property financing solutions as part of an entirely new campaign.

Al Salam Bank, a pioneering Shari'a-compliant Bank in Bahrain, has announced the launch of its latest personal and property financing solutions as part of an entirely new campaign. The campaign, which will run until the 15th of May 2021, offers 10 lucky winners the chance to win back up to 6-months of installments and a golden opportunity of benefiting from a grace period of up to one-year during this promotional period. 

The newly-introduced campaign will run over two periods, the first of which will feature 2 prizes per month where a total of 6 winners will be announced. The second period will take place during the holy month of Ramadan, where the bank will announce weekly winners a total of 4 winners. The promotional campaign caters to both Bahraini and non-Bahraini residents in the Kingdom, including Mazaya scheme applicants, as well as new and existing customers of Al Salam Bank’s personal financing solution and property financing solution. Whether seeking reduced rates, reduced monthly installments, or a shorter tenor.

Commenting on the launch of the campaign, Head of Retail Banking at Al Salam Bank – Bahrain, Mr. Mohammed Buhijji, said, “We are pleased to announce the Bank’s latest campaigns, which is dedicated to better service personal and property financing customers. With this campaign, we are looking to contribute holistically to the enrichment and growth of the Kingdom’s banking sector, particularly considering the current circumstances we are facing. At Al Salam Bank, we take pride in our ability to complete financing procedures seamlessly and process requests quickly and efficiently, which was evidenced by our record time delivery of the first residential unit within the Deerat Al-Oyoun project. We are truly delighted to be introducing such rewarding financial solutions to our valued customers.

Applicants seeking to newly apply for personal or property financing or transfer their existing financing to Al Salam Bank-Bahrain during the campaign, will enjoy competitive profit rates and a grace period of up to one year.  Customers can easily apply through the website, alsalambahrain.com, or by visiting any of Al Salam Bank branches or the Express Banking Center in Seef District.  For more information, please text us via WhatsApp or call the Customer Care Center on 17005500.

 

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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