Al Salam Bank Launches Exclusive Ramadan Offer on Insurance Policies in Collaboration with Solidarity
Press release
Jalal Aqelah.
Al Salam Bank has partnered with Solidarity – Bahrain to launch an exclusive offer for its Credit, and Prepaid cardholders, during the month of Ramadan. This comes as part of the Bank's strategy to double its rewards throughout the Ramadan season, in addition to elevating its offerings with the aim of facilitating its clients' financial obligations and providing a customer-centric banking experience.
Starting from the first day of Ramadan until 21st April 2024, the Bank will be offering its Credit, and Prepaid cardholders a 5% discount (as per the campaign's terms and conditions) on any newly issued Motor, Travel, Home, Domestic helper, and Personal accident insurance policies completed through Solidarity Bahrain's branches and various digital channels. To avail the discount, clients must issue their insurance policy by using the promo code consisting of the first 4 digits of their card followed by "ALSALAM". Clients will also have the opportunity to earn double reward points on all insurance transactions completed throughout the campaign period.
Commenting on the offer, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: "In this month of giving, we are focusing on providing double the rewards and offers as part of the Bank's humanitarian values. As such, we have partnered with Solidarity – Bahrain to launch an exclusive discount for our clients. Through this offer, we strive to ease our clients' financial burdens and elevate their overall banking experience. We would like to invite all our Credit, and Prepaid cardholders to benefit from the exclusive discount from Solidarity over the next six weeks."
On his end, Mr. Jalal Aqelah, Digital Transformation Senior Manager at Solidarity, said: "We are proud to be joining forces with Al Salam Bank, the leading Islamic bank in the local banking sector, with the aim of rewarding the Bank's clients through an exclusive discount for Credit and Prepaid cardholders, which will run for 6 weeks starting from the first day of Ramadan for policies issued through our branches and various digital channels. We hope to continue our collaboration and work hand in hand with this prestigious financial institution to offer more valuable offers and discounts in the future."
© 2000 - 2025 Al Bawaba (www.albawaba.com)
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.
Check out our PR service
Subscribe
Sign up to our newsletter for exclusive updates and enhanced content
