Al Salam Bank Launches Its Revamped Danat Savings Scheme for 2022

Press release

Published March 27th, 2022 - 05:55 GMT

Al Salam Bank Launches Its Revamped Danat Savings Scheme for 2022

Mr. Mohamed Buhijji, Head of Retail Banking at Al Salam Bank

Highlights

Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’,

Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’, where cash prizes have been replaced with bars of gold. The revamped Danat Savings Scheme, which will start from April 2022 and end in March 2023, will give clients the opportunity to win daily prizes of 10 grams of gold, monthly prizes of 1 kilogram (kg) and 0.5 kg of gold, in addition to a grand prize of 10 kg of gold.

Both existing clients of Al Salam Bank and prospective clients can sign up for a Danat savings account directly through the Bank’s user-friendly mobile application, where the registration process can easily be completed within a few minutes. To qualify for the draw, clients must maintain a minimum of balance of BD 50 in the account, wherein the higher the value and period in which the amount is kept in the account, the higher the chances of winning.

Commenting on the occasion, Mr. Mohamed Buhijji, Head of Retail Banking at Al Salam Bank, said, "We are pleased to announce our revamped Danat Savings Scheme, which will be unique in offering a range of prizes in gold, a highly valuable asset with a guaranteed investment towards future savings. In line with our commitment at Al Salam Bank to provide a rewarding experience for our clients, the revamped Scheme is unlike anything else currently being offered in the market, further cementing our leading position as a Bank. We invite all our valued clients to increase the amount and duration of their investments in their Danat saving accounts to increase their chances of winning.”

Moreover, clients currently registered in the Loyalty Rewards Program will be able to earn loyalty points when depositing amounts in Al Salam Bank’s Danat savings account. These points can then be redeemed for a wide range of valuable rewards such as the cashback option, airline miles, travel reservations, alongside various other rewards than can be viewed on Al Salam Bank’s mobile application.

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

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.