Al Salam Bank Launches an Exclusive Danat Savings Scheme for its Employees and their Families

Press release

Published June 7th, 2021 - 10:49 GMT

Al Salam Bank Launches an Exclusive Danat Savings Scheme for its Employees and their Families

Deputy Chief Executive Officer, Mr. Anwar Murad

Highlights

The exclusively internal Danat Savings Scheme offers employees a roster of monthly prizes, having previously not been eligible to enter the public Danat Saving Scheme

Following the recent launch of the Danat Saving Scheme for the year 2021, Al Salam Bank announces the launch if its exclusively internal Danat Saving Scheme, benefiting their employees and first-degree family members. Having previously not been eligible to enter the public Danat Savings Scheme, the bank has introduced an exclusive roster of monthly prizes for their employees to benefit with their savings.

All bank employees and their immediate family members will be eligible for the newly introduced scheme, maintaining the save to win ethos that Danat is recognized for. For every BD 50 invested and maintained in their Danat account, employees will stand the chance to win from a selection of exclusive prizes, including a grand prize of a 1-year salary prize, double salaries, special cash bonuses, school fees, a luxury car, and cash prizes.

Commenting on the launch of the scheme, Deputy Chief Executive Officer, Mr. Anwar Murad stated, “We are pleased to announce the launch of the exclusively internal Danat Saving Scheme benefiting our employees and their family members, through which they can also enjoy the opportunity to win life changing prizes with their savings. This initiative comes in line with our commitment to providing a work environment wherein employees and their kin experience added value, whilst also encouraging saving amongst our people.”

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.