Al Salam Bank Unveils New Financing Campaign for 2024 with Exclusive Rewards

Press release
Published December 25th, 2023 - 06:18 GMT

Al Salam Bank Unveils New Financing Campaign for 2024 with Exclusive Rewards
Mohammed Buhejji, Head of Retail Banking at ASB.

Al Salam Bank announced the launch of its new campaign for all financing schemes including personal, property, and auto financing, as well as the Ministry of Housing's Mazaya, Mazaya 2.0, and Tas'heel Social Housing Finance. Through its offering, the Bank will deliver competitive profit rates, in addition to providing new and existing clients with the opportunity to win valuable prizes starting 24 December 2023 to 18 February 2024.
Clients who apply for new financing, a top-up on their current financing, or transfer their current financing from another bank to Al Salam Bank, are eligible to win 6 months of paid installments as per the campaign's T&Cs. Current and existing clients will also be able to receive their financing and pay their first installment by June 2024 for an optional 6-month grace period. Clients can also benefit from competitive profit rates, simple procedures, instant approval, facilitated financing terms, and smooth transactions.
Commenting on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: “We are pleased to be introducing the first of our 2024 campaigns, through which we hope to reward 10 winners with incredible prizes. As such, we would like to invite our clients – both new and existing – to apply for new financing, renew their current financing, or transfer their financing to the Bank through the mobile application or by visiting any of the Bank's branches, to make use of our various benefits for an unparalleled digital banking experience and the chance to enter the February 2024 draw.”
For more information on Al Salam Bank's products and services, visit the Bank's website www.alsalambank.com, WhatsApp on 17005500, or book a virtual appointment through 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.

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