Al Salam Bank Sponsors Library At New BIBF Campus

Press release

Published June 1st, 2021 - 07:55 GMT

Al Salam Bank Sponsors Library At New BIBF Campus

Dr. Ahmed Al Shaikh , Director of the Bahrain Institute of Banking and Finance (BIBF)

Highlights

Al Salam Bank announces its sponsorship of the Bahrain Institute of Banking and Finance’s (BIBF) library at their new Campus in the Kingdom of Bahrain.

Al Salam Bank announces its sponsorship of the Bahrain Institute of Banking and Finance’s (BIBF) library at their new Campus in the Kingdom of Bahrain. The new library will be called “Al Salam Bank Library”, and is set to open its doors upon the opening of the new campus.

Commenting on the soon to open library, Al Salam Bank Group Chief Executive Officer, Mr. Rafik Nayed, said “We are pleased to further build on our strategic relationship with the Bahrain Institute of Banking and Finance as partners on various initiatives, the latest of which is the Al Salam Library at the new campus. This comes in line with our commitment to support the education sector through the provision of academic resources for students, ultimately strengthening education in the Kingdom of Bahrain.”

Dr. Ahmed Al Shaikh, Director at the BIBF said, “We would like to extend our sincere gratitude to Al Salam Bank for their ongoing support and generosity in the sponsorship of our new library. Through this initiative, students will have access to the best educational resources and tools, contributing to the overall enhancement of the education sector in the Kingdom of Bahrain.”

The new library is set to be a knowledge-rich hall with thousands of resources including books, catalogues, and periodicals; covering multiple disciplines such as accounting, banking, Islamic finance, economics, IT, and marketing to name a few. The library will also house computer workstations for digital research, outlining it as a one stop shop for all student needs.

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.