Al Salam Bank Launches A New Edition Of Al Salam Life Planning Account

Press release

Published June 8th, 2022 - 05:53 GMT

Al Salam Bank Launches A New Edition Of Al Salam Life Planning Account

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

Highlights

Al Salam Bank announced the launch of the latest edition of its Al Salam Life Planning Account; waiving the payment of administrative fees for clients opening new accounts.

Al Salam Bank announced the launch of the latest edition of its Al Salam Life Planning Account; waiving the payment of administrative fees for clients opening new accounts. Al Salam Life Planning aims to enable clients to achieve both medium and long-term savings goals, in the likes of retirement or children’s education, where a minimum of BHD 30 per month can be allocated for a period of no less than 3 years and a maximum of 20, with the added benefit of competitive profit rates, as well as free life insurance (Takaful) and Covid-19 coverage.

Between the 1st of June and the 31st of July 2022, 4 winners will get the chance to win an amount equivalent to their monthly contributions for one whole year. Clients who open an Al Salam Life Planning Account will also receive 100 additional loyalty points in the Loyalty Rewards Program.

Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said, “We are incredibly proud of our milestone accomplishments throughout the first half of this year. This update of Al Salam’s Life Planning Account has been launched to include more flexible options, as well as draws and valuable prizes. This campaign comes in line with our ongoing commitment towards encouraging our valued clients to save, in order to enable them to achieve their financial goals, all while rewarding their loyalty. We invite everyone to begin their saving journey by opening an Al Salam Life Planning Account and choosing their preferred installment of monthly contributions and savings period through the Bank’s website or any of our network of branches”.

For more information on Al Salam Life Planning account, utilize the Chatbot services on the Bank’s website www.alsalambahrain.com, WhatsApp 17005500, or book an appointment at Al Salam Bank’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.