Al Salam Bank Launches New Multi-Currency Prepaid Visa Card Campaign

Press release
Published February 19th, 2023 - 06:05 GMT

Al Salam Bank Launches New Multi-Currency Prepaid Visa Card Campaign
Mohammed BuhijjiHead of Retail Banking at Al Salam Bank
Highlights
Al Salam Bank announced the launch of its new multi-currency prepaid Visa card campaign.

Following the success of last year's campaign, Al Salam Bank announced the launch of its new multi-currency prepaid Visa card campaign. The revamped initiative will enable one winner to receive a cash prize of BD 1,000 from monthly draws held throughout the campaign period from the 5th of February to the 31st of December 2023.

During the campaign period, clients are eligible to enter the raffle for every BD 50 worth of total purchases using Al Salam Bank's prepaid Visa card in US Dollars, Euros, Pounds Sterling, or Turkish Lira. Youth clients aged 10 to below 18 years – are also eligible to participate in the campaign by issuing a prepaid Visa card at any of the Bank's branches or through Al Salam Mobile App. The card can be used for online purchases or to buy electronic games, as specified by thecampaign's terms and conditions.

Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: "We witnessed a successful turnout in the first edition of our multi-currency prepaid Visa card campaign. As a result, we have launched an updated version of the initiative that will provide both current and new clients with the exclusive opportunity to win BD 1,000 monthly. Due to its many benefits and features, we encourage all of our clients to make use of their multi-currency prepaid Visa card to complete their non-cash transactions. We also urge them to increase their usage rate throughout the campaign period, thereby increasing their chances of entering the draw."

Al Salam Bank's multi-currency prepaid Visa card includes several features, including the ability to earn loyalty points in the rewards program, receive exclusive offers and discounts available on the Bahrain Life platform, enjoy highly secure transactions through a smart chip, easily top up the Visa card through Al Salam Bank’s mobile app, Benefit gateway or any of the Bank’s branches with up to BD 10,000, and withdraw up to BD500 from ATMs. Additionally, the Visa card offers a seamless experience as it is globally accepted, provides users with instant SMS notifications, allows them to receive and view monthly estatements. The Bank’s multi-currency Visa card does not charge any currency exchange fees as it automatically carries out transactions in the currency of the purchase. 

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

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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