Al Salam Bank Announces Ramadan Bundle of Offers

Press release

Published March 11th, 2024 - 07:03 GMT

Al Salam Bank Announces Ramadan Bundle of Offers

Mohammed Buhijji

Al Salam Bank has launched a bundle of offers exclusively for its Ramadan campaign, whereby cardholders can benefit from different offers that aim to meet their various needs throughout the holy month. This initiative builds on the Bank’s annual Ramadan campaign designed to reward its clients with daily cash prizes worth BD 100 for purchases made throughout the month using Al Salam Bank’s Visa Credit and Prepaid cards.
The first offer will deliver instant 10% discounts on purchases made at Lulu Hypermarket (capped at BD 10), exclusively for the Bank’s Visa Credit and Prepaid cardholders. Throughout the first week of Ramadan, starting from 14 to 20 March 2024, clients can make use of this limited-time offer for purchases amounting to BD 50 or more when shopping from Lulu Hypermarket in person or through the LuLu Shopping app.
For a six-week period from 11 March to 21 April, the Bank will be offering its debit cardholders the opportunity to utilize the Buy Now Pay Later service for the opportunity to enter the exclusive draw taking place on 6 May. Six winners will each have the chance to win a cash prize worth BD 500. The service is currently available through the Bank’s mobile application enabling clients to easily pay for their Ramadan and Eid essentials on a flexible installment basis for up to 24 months. The repayment period is determined through the mobile application based on an Artificial Intelligence system that analyzes the client’s financial obligations.
Commenting on the offers, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: “At Al Salam Bank, we strive to provide our clients with a wide array of offers that contribute to facilitating their financial commitments and assist them in meeting their needs for the holy month and Eid. In line with our commitment to providing our clients with a rewarding banking experience, we have joined forces with a number of partners to deliver exclusive offers for our Visa Credit, Debit, and Prepaid cardholders. This initiative will also offer them the opportunity to win daily cash prizes and enter draws at lucrative prices.”

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.