Al Salam Bank Opens its Fourth Paperless & Fully Automated Branch at Al Sayah Square in Muharraq Governorate
Press release
Deputy Chief Executive Officer at Al Salam Bank, Mr. Anwar Murad.
Highlights
Al Salam Bank opened its newest branch on the 13th of June at Al Sayah Square in Busaiteen, marking the Bank’s fourth paperless and fully automated branch in the Kingdom.
Al Salam Bank opened its newest branch on the 13th of June at Al Sayah Square in Busaiteen, marking the Bank’s fourth paperless and fully automated branch in the Kingdom. The opening ceremony was attended by H. E. Shaikh Khalid bin Mustahail Al Mashani, Chairman of the Board of Directors at Al Salam Bank, alongside several members from Al Salam Bank’s Board of Directors and executive management team.
The new branch features advanced digital equipment, that include an instant deposit machine, 24/7 ATMs, alongside an experienced client servicing team to provide clients with a seamless banking experience. The branch’s services are fully automated, eliminating the need for paper transactions, further supporting the Bank’s commitment to launching Environmental, Social, and Governance (ESG) initiatives.
Commenting on the occasion, Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, said, “The launch of our fourth paperless branch is an important milestone in our ongoing digital transformation journey and our efforts to enhance our services. By making transactions smoother and quicker, our clients will benefit from an enriched banking experience that combines automation and in-person client service excellence. As we continue to expand our presence through a growing network of branches and ATMs, we remain committed to providing accessible and convenient banking services that are enabled by technology and aligned with our environmental responsibilities.”
Anwar Murad, Deputy Chief Executive Officer of Banking at Al Salam Bank, said, “Following the inauguration of our first paperless branch in Hamala earlier this year, we are delighted to be opening our latest branch at Al Sayah Square. The branch provides paperless, fully automated, Shari’a-compliant banking services in line with our digital transformation journey. To further facilitate our clients’ daily banking needs, we continue to offer key digital services through a variety of platforms including Al Salam Bank’s digital banking mobile application, WhatsApp, and our online chatbot hosted on the website.”
Offering an extensive range of Shari’a-compliant products and services in a strategic location, the new branch serves retail, corporate, and Al Ruwad banking clients. The Busaiteen branch is open on Sundays to Wednesdays from
8:30 am to 3:30 pm, and from 8:30 am to 2:30 pm on Thursdays. Clients have access to the self-service platforms, ATMs and instant deposit machines 24 hours a day, seven days a week.
For more information, please utilize the Chatbot services on the Bank’s website www.alsalambank.com, WhatsApp 17005500, or book an appointment with a virtual branch via Skiplino.
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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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