Al Salam Bank Launches New Corporate Deposit Card

Press release
Published May 3rd, 2021 - 09:07 GMT
Al Salam Bank Launches New  Corporate Deposit Card
Ahmed Murad, Head of Corporate Banking at Al Salam Bank.
Highlights
Al Salam Bank announces the launch of its Corporate Deposit Card, providing maximum security for micro, small and medium enterprises and Corporate clients by only permitting deposits.

Al Salam Bank announces the launch of its Corporate Deposit Card, providing maximum security for micro, small and medium enterprises and Corporate clients by only permitting deposits. The card is available to corporates with no added cost, with clients being able to deposit up to BD 6000 daily, per account. The Corporate Deposit Card can be used at any of the deposit machines and smart ATM’s available 24/7 across Al Salam Bank’s network in the Kingdom of Bahrain, without ever needing to visit a branch. 

Commenting on the introduction of the new card, Head of Corporate Banking at Al Salam, Mr. Ahmed Murad, said, “We are proud to continuously provide our clients a range of products and services that meet their business requirements. With the launch of the Corporate Deposit Card, our clients will be able to make deposits around the clock at their own convenience. The card aims to provide access, maximum security, in addition to protection in the light of the ongoing pandemic, sparing them a branch visit. We look forward to continue to deliver on our promise to provide our clients secure banking solutions that will ultimately streamline their business operations.” 

In addition, clients using the new Corporate Deposit Card to make a deposit prior to 30 June 2021 will be given a chance to enter a weekly draw to win BD 100, for every transaction made during the outlined period. 

 

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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