Al Salam Bank Launches A New Financing Campaign Rewarding Clients With A Chance To Win A “Tesla”

Press release
Published September 20th, 2021 - 09:42 GMT
Al Salam Bank Launches A New Financing Campaign Rewarding Clients With A Chance To Win A “Tesla”
Mohammed Buhijji _Head of Retail Banking_Al Salam Bank.
Highlights
Al Salam Bank announced the launch of its new financing campaign, which will provide clients with the opportunity to win a Tesla car when applying for financing between 19 September 2021 and 19 February 2022.

In line with the launch of the Bank’s new vision, Al Salam Bank announced the launch of its new financing campaign, which will provide clients with the opportunity to win a Tesla car when applying for financing between 19 September 2021 and 19 February 2022. Clients who apply for financing during the campaign period will also receive double their loyalty reward points. With a total of six chances to enter the draw deepening on the date of application, the earlier in the campaign period clients are booked for financing, the higher their chances of winning. 

Competitive profit rates are offered on all new applications for personal, auto and property financing, including Mazaya social housing financing. The financing campaign's offers are available to all citizens, residents and employees of the public and private sector, beneficiaries of the Mazaya program, individuals who have existing finances with other banks and, as well as existing clients of Al Salam Bank that wish to reschedule their existing financing. Clients applying for financing during the campaign period will also receive a competitive annual profit rate with Al Salam Bank.

Commenting on the launch, Mohammed Buhijji, Head of Retail Banking at Al Salam Bank said, “We are pleased to announce the launch of our new financing campaign provides our clients with various benefits, in addition to the opportunity to win a valuable prize, a Tesla car, when they apply for personal, auto or property financing. At Al Salam Bank, we strive to strengthen our position in the market by offering exceptional banking products that meet the needs of our clients,”

Al Salam Bank recently revealed its new vision, brand promise, values and guiding principles: We Enchant our Clients, We Inspire Our People. We are Digitally Native, We Do the Right Thing, and We Act with Empathy. The bank also launched its first CSR initiative “Helping Hands”, where employees, clients and local community were invited to participate in the creative process with an aim to leave a positive imprint on the community. 

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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