Al Salam Bank Participates in Ahlia University’s “Ahlia Youth Connect”

Press release
Published December 14th, 2021 - 05:30 GMT

Aiming to educate students and alumni on key market trends of the coming 5 years
During the event
Highlights
Al Salam Bank announced the participation of Mr. Hussain Abdulhaq, Head of Treasury and Capital Markets at Al Salam Bank

Al Salam Bank announced the participation of Mr. Hussain Abdulhaq, Head of Treasury and Capital Markets at Al Salam Bank, in a webinar hosted via Microsoft Teams as part of the Ahlia Youth Connect event. The event, held between the 3rd of November and 10th of December, comes under the patronage of His Excellency Jameel bin Mohammed Ali Humaidan, Minister of Labor and Social Development, and is organized by Ahlia University.

During the webinar, Mr. Hussain Abdulhaq gave an overview of the current banking industry landscape in the Kingdom, covering both conventional and Islamic banking. Abdulhaq also reviewed initiatives Islamic banks have developed in order to compete with other banks, and addressed the extent at which digital transformation and Fintech are affecting the market. In closing, Abdulhaq encouraged students to plan their future careers early and begin garnering the skills and qualifications necessary to support better employment opportunities. 

Commenting on the occasion, Ms. Muna Al Balooshi, Head of Human Resources and Administration at Al Salam Bank, said “All sectors are experiencing change at rapid rates, caused by a shift in consumer behavior, affecting supply and demand trends. Subsequently, it is imperative to educate students and alumni on key emerging market trends of the coming five years, keeping them abreast of market conditions. We continue to encourage students to participate in job training programs that will equip them with the requisite skills to succeed in he banking sector, as well as present future opportunity for employment in the industry. Ultimately, this will contribute to the success of citizen employment programs, as one of the priorities of the economic recover plan.” 

She added, “Mr. Hussain Abdulhaq’s participation is very much aligned with our CSR initiative aimed at developing the growth of the national economy, by contributing to the preparation of a skilled and knowledgeable future workforce, ready to enter the labor market.  We are proud to be part of the development of future leaders that demonstrate professional and academic excellence.” 

Ahlia Youth Connect aims to bring students together with employers, introducing them to employment opportunities.  The event also provides students with insight on sought after skillsets as the market continues to evolve, making way for new professions that require specific skills.

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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