Al Salam Bank Launches New Youth Card with Enhanced Features

Press release

Published September 16th, 2024 - 10:53 GMT

Al Salam Bank

Manama, Bahrain – 16 September 2024: Al Salam Bank has announced the launch of its new Youth debit card with the latest innovative features. Cardholders will enjoy exceptional benefits including a trendy design and a number of exclusive discounts and offers across several sectors such as, restaurants, cafés, fitness, and more. This step reflects the Bank’s efforts to encourage financial independence amongst youth and solidify its leading position in the Kingdom’s banking industry.
Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: “Our Youth account continues to prepare the younger generation by fostering a sense of responsibility and spreading awareness on the importance of saving. By enabling them to control their bank accounts, we aim to educate and prepare our youth for the future ahead as we remain the ideal destination for youth accounts. As such, we are delivering discounts of up to 30% alongside suitable offers as we look forward to expanding our partnerships to provide more exceptional services.”
New clients – ages 10 to below 18 years old – can visit one of the Bank’s branches with a legal guardian to open a new account and collect their new card instantly through the Self-Service Kiosk. Existing clients will be required to replace their current cards with the new cards using the Bank’s Self-Service Kiosk by presenting their ID card, enabling them to benefit from a wide range of exclusive features. Those interested in applying for a new card can view the full list of participating vendors and available offers, by visiting the Bank’s website or the official Instagram page.
The Youth proposition encompasses an extensive line-up of services including earning loyalty rewards points for every monthly account balance, gaining independent usage of BenefitPay, eligibility to win special monthly prizes for Youth for every BD 5 saved in their Danat or Danat Plus account, and managing their personal account through the mobile app. Al Salam Bank will also hold various competitions and events for account holders of different age groups.
For more information, visit the Bank’s website www.alsalambank.com, WhatsApp on 17005500, or book an appointment with Al Salam 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.