Al Salam Bank Launches E-Signature Service with DocuSign

Press release

Published December 24th, 2023 - 06:52 GMT

Al Salam Bank Launches E-Signature Service with DocuSign

During the event.

Al Salam Bank has recently introduced an e-signature service through DocuSign, a renowned service provider, which will enable clients to complete virtual banking transactions without needing to visit a physical branch. The launch reinforces the Bank's ongoing sustainability efforts and commitment to being a digitally native financial institution.
The signing ceremony took place on Monday, 4 December, at the Bank's headquarters in the presence of Mr. Mohammed Buhijji, Head of Retail Banking of Al Salam Bank, Ms. Semiha Hasan, Senior Account Manager - Middle East Office of DocuSign, and members of senior management from both institutions.
With its new e-signature feature, Al Salam Bank ensures that clients benefit from a faster, seamless, and more efficient customer experience. By increasing paperless transactions, the Bank maintains eco-friendly, sustainable operations, further supporting its commitment to launching Environmental, Social, and Governance (ESG) initiatives.
Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: "As a digitally-driven bank, we strive to deliver simplified services that improve our clients' banking experience. The introduction of the e-signature feature will help execute various banking transactions with minimal paper waste and eliminate the need for clients to be physically present at the branch. This new service will also connect approving authorities seamlessly, generate automatic reminders, and track clients' statuses safely and securely. We continue to embed digital innovation across all financial transactions, with a goal to elevate our products and services for our diverse client base."
In line with its ESG framework, Al Salam Bank is driven by its commitment to conserving the environment in which it operates by adopting environmentally-conscious initiatives. Guided by its principle, "We are Digitally Native", the Bank also reiterates its ethos of smart, efficient banking to provide clients with a personalized experience.

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.