Al Salam Bank-Bahrain Launches New and Fully Customizable Digital Banking App

Al Salam Bank-Bahrain (Al Salam Bank) has announced the launch of its new state-of-the-art digital banking application (app). The new app will offer a full suite of mobile banking services, including family accounts, digital onboarding, and a comprehensive range of exciting new features. It will also be used to launch new products and services.
The new app provides an intuitive and bespoke user experience, granting customers complete control over their accounts through a fully customizable dashboard that brings a personalized banking experience to the user’s fingertips.
Head of Innovation at Al Salam Bank, Mohammed AlShehabi, commented: “We built this app with the customer being the focal point. We also applied the ‘new normal’ of social distancing and the subsequent shift to cashless and touchless. The app has been shaped by today’s environment, both in how it behaves and interacts with the customer. Our aim was to create an elegant, aesthetically pleasing and easy-to-use interface.”
Key features of the new app, which is available in both Apple and Google Play stores, include:
- A new Family Accounts offering that extends supplementary accounts and debit cards to the whole household, while allowing the main account owner to track and monitor their spending
- State-of-the-art, advanced cloud-based customer security features and authentication methodology
- An entirely digital onboarding process, allowing users to become customers in minutes, and instantly open a Danat Savings account and place Wakala investments without any physical interaction
Commenting on the launch, Mohammed Buhijji, Head of Retail Banking at Al Salam Bank-Bahrain said: “This inaugural release of the app is only the beginning. We’ll be continuously improving and updating the app, presenting our customers with an ever-widening range of new features and offerings. Upcoming releases will offer more options for customers to go branchless, go contactless and go fully digital.”
As well as those features listed above, the app allows customers to view their account analytics, transfer funds between accounts, view their financing facilities, update their KYC details, top-up their accounts using debit cards, login biometrically and register through an improved and more streamlined process.
The list of features for the Family Account supplementary interface includes a simple login process, whereby the account holder assigns family members with usernames and passwords; the ability to view both account balances and transaction history; and a fully personalisable dashboard.
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.