Al Salam Bank Launches The First Turkish Lira Prepaid Card

Press release
Published July 25th, 2021 - 08:59 GMT

Al Salam Bank Launches The First Turkish Lira Prepaid Card
Mr. Mohammed Buhijji, Head of Retail Banking, Al Salam Bank
Highlights
Al Salam Bank recently announced the launch of its prepaid card in Turkish Lira, enabling clients to easily top up and make transactions in the currency while travelling to Turkey, or shopping online.

Al Salam Bank recently announced the launch of its prepaid card in Turkish Lira, enabling clients to easily top up and make transactions in the currency while travelling to Turkey, or shopping online. Also available in Bahraini Dinars, US Dollars, Euros, and Pound Sterling, the prepaid card comes as the latest addition to the Bank’s suite of multi-currency prepaid cards, and is the first of its kind to be offered in Turkish Lira in the Kingdom of Bahrain. 

The launch of the prepaid card in Turkish Lira comes as a part of Al Salam Bank’s ongoing commitment to meeting its client’s needs through the provision of a payment solution for the leading touristic destination, Turkey. The card ultimately enhances clients’ travel budget management by facilitating direct payment, eliminating the need to carry cash, and the advantage of paying in currency without incurring additional exchange rate fees. The card can also be used for online purchases, as it provides a secure payment solution for online stores.

Al Salam Bank offers a range of top-up methods for clients using any of the Bank’s multi-currency prepaid cards. Top up may be facilitated through the Al Salam Bank App., website, ePayment portal, any of the bank’s ATMs or by visiting a branch.

Commenting on the launch, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said, “We are pleased to be launching our prepaid card in Turkish Lira to Al Salam Bank’s clients in the Kingdom of Bahrain. Through this unique product, we aim to enable a larger segment of our clients to benefit from carrying out their transactions in foreign currencies while travelling and shopping online. With Turkey being a favourite tourist destination amongst our clientele, the provision of a prepaid card in Turkish Lira was a natural step. This comes in line with our ongoing commitment to providing clients an integrated banking experience, enhanced by high-end, seamless services tailored to their needs. Ultimately, the prepaid card is designed with our client’s convenience in mind, as it is a safe and secure payment solution, eliminating the need to carry cash in lieu of a global pandemic.” 

The prepaid card additionally aims to raise financial awareness amongst clients, particularly the Bank’s younger clientele. The cards serve as a means to manage expenses and establish a budget, during travel. Clients may apply for any of the multi-currency prepaid card from Al Salam Bank, wherein each card can be used for a single currency.

For more information, please visit www.alsalambahrain.com,  WhatsApp 17005500, or book an appointment with Al Salam’s virtual branch via the Skiplino App.

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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