Al Salam Bank Launches Al Salam Life Planning Account Retirement Campaign

Press release

Published February 8th, 2022 - 11:59 GMT

Al Salam Bank Launches Al Salam Life Planning Account Retirement Campaign

Mr. Mohammed Buhijji Head of Retail Banking at Al Salam Bank.

Highlights

Al Salam Bank announced the launch of its latest Al Salam Bank Life Planning campaign which provides clients the optimal choice to save

Continuing its promotional campaign series, Al Salam Bank announced the launch of its latest Al Salam Bank Life Planning campaign which provides clients the optimal choice to save, invest and distribute their funds after retirement to help secure a better financial future. The campaign also offers 4 winners the opportunity to win BD 500 each.

After opening an Al Salam Life Planning account through Al Salam’s mobile app or by visiting a branch, as of the 6th of February to the 6th of April 2022, clients will be eligible to enter a draw to win BD 2,000.

Al Salam Life Planning account has a tenor of 3 to 20 years with a monthly contribution starting at BD 30. Clients will receive free life insurance as well as the option of opening their account without having to pay any administrative fees.

Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said, “Our latest campaign aims to meet the needs of those wishing to retire or looking for the best financial solutions to ensure a better financial future upon retirement. We encourage everyone to open an Al Salam Life Planning account and wish them the best of luck in the upcoming draw. At Al Salam Bank, we are committed to launching campaigns that aim to inspire healthier saving habits, and reward them for choosing us as their primary bank.”

He added, “This campaign promotes our continual endeavors to introduce unique banking products into the market that meet the needs of our clients and exceed their expectations by combining competitive profit rates with the advantage of Takaful coverage. We have updated the Al Salam Life Planning account to encompass more flexible choices for clients, enabling them to freely choose their monthly contributions and suitable saving period, with the added benefit of achieving long-term savings and retirement goals.”

Al Salam Life Planning account has several verticals that help clients earn savings for future goals, be it for the future education of their children, securing post-retirement funds, providing a down payment to purchase property, or other personal funding goals. Clients have the choice of dedicated monthly contributions of BD 30 or more for a tenor up to 20 years. In addition, Al Salam Life Planning account provides competitive profit rates as well as Takaful coverage inclusive of educational insurance, life insurance alongside COVID-19 coverage.

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

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.