Al Salam Bank Sponsors 5 American University of Bahrain Scholarships to Students

With its commitment to contributing to educational development, Al Salam Bank has sponsored scholarships for five high school graduates with outstanding academic records in collaboration with the American University of Bahrain, the Kingdom’s first comprehensive, purpose-built, American-model co-educational university. This initiative was designed to ease the financial burdens associated with the pursuit of higher education. It also aims to empower the students throughout their education journey while ensuring their future professional success.
Al Salam Bank has consistently expanded its services and financing offerings in order to cater to various segments of society, as part of its inclusive corporate ethos which is firmly built on an empathetic philosophy to contribute to supporting the social and financial well-being of the local community. With this sponsorship, the Bank continues to provide its unwavering support with a solution-oriented approach and the requisite financial assistance to effectively enable students to pursue higher levels of education across a diverse selection of academic levels, starting from kindergarten and higher education all the way to professional certifications.
Commenting on the occasion, Muna Al Balooshi, Head of Human Resources and Administration at Al Salam Bank, said, “Al Salam Bank has a vested interest in supporting academic initiatives and reinforcing talent. This stems from our belief in the importance of education for the progress of society at large. Our collaboration with the American University of Bahrain aligns with our commitment to engaging with the future generation. This will motivate them to pursue their academic endeavors, ultimately priming them for their professional careers. Our efforts remain focused on adding significant value to the banking sector and Bahraini society in general. We make this happen by cultivating long-standing relationships with local institutions that serve the community as we continue to support Bahrain’s youth as future leaders and as socially responsible individuals.”
The sponsorship comes in line with the Bank’s guiding principle “Act with Empathy,” a guiding pillar under the Bank’s brand DNA, in addition to the Bank’s social responsibility platform, Al Salam Helping Hands. In step with the Bank’s Environmental, Social, and Governance (ESG) framework, the initiative also falls under the following UN’s Sustainable Development Goals: (4) Quality Education, (8) Decent Work and Economic Growth, and (17) Partnerships for the Goals.
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.