Al Salam Bank Partners with ‘The Bahrain Life’ to Enable Clients to Save More Through Exclusive Offers

Press release

Published November 10th, 2022 - 05:09 GMT

Al Salam Bank Partners with ‘The Bahrain Life’ to Enable Clients to Save More Through Exclusive Offers

During the event

Highlights

‘The Bahrain Life’ aims to develop a sustainable e-Commerce platform

Al Salam Bank announced its partnership with ‘The Bahrain Life’ to offer special discounts on 300 stores including more than 10,000 products and services across different categories including: restaurants, medical clinics, entertainment centers, cafes, gift shops, sports centers, shops, hotels and spas, and many more.

The agreement was recently signed by Mr. Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank and Mr. Ali Sabkar, Chief Executive Officer of ‘The Bahrain Life’. Exclusively catered to the Bank’s debit, credit and prepaid cardholders, in addition to newly onboarded clients that apply directly through Al Salam Bank’s mobile banking app, the platform will offer discounts ranging between 10% to 100%.

Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said, “Al Salam Bank strives to meet the needs of its clients while exceeding their expectations. As such, we have partnered with ‘The Bahrain Life’, through which we can provide the ultimate savings, delivered via a digital platform that is incredibly easy to access and navigate. We look forward to expanding our partnerships in the future.”

On his end, Mr. Ali Sabkar, Chief Executive Officer of The Special Life W.L.L., said, “We are pleased to be partnering exclusively with Al Salam Bank to offer exclusive discounts to the Bank’s clients. Our collaboration comes as a part of our objectives to elevate e-commerce in the Kingdom as well as attract partners, retailers, and international companies. We are working towards improving the performance of e-commerce platforms, and to better cater to the online consumer behavior of today’s day-and-age, thereby boosting tourism in Bahrain.”

In the era of innovative technology and advanced digitization, ‘The Bahrain Life’ puts forward a new vision of transforming businesses in order to digitally cater to the demands of modern-day clients, thereby contributing to the Kingdom’s National E-Commerce Strategy. Through its sustainable e-commerce platform, ‘The Bahrain Life’ seeks to introduce an innovative business management system within the Kingdom, while focusing on the following pillars: tourism and online tourism, e-commerce businesses (B2C) and empowering start-ups and entrepreneurs’ online businesses.

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.