Al Salam Bank (SALAM)

Al Salam Bank B.S.C. provides banking products and services to retail, private, and corporate customers in Bahrain and Seychelles. It operates through the Banking, Treasury, Investments, and Takaful segments. The company provides various retail banking products, including current, savings, call, and youth accounts; savings products, such as Wakala, Danat savings scheme, and life planning; property, personal, and auto financing products; credit, prepaid multi-currency, and discount cards; property, motor, home, travel, office, domestic helper, pleasure craft, personal accident, and family medical insurance products, as well as inventory and equipment coverage; cash deposit machines and ATM services; micro, small, and medium-sized enterprises packages; loyalty rewards programs; bank app; and self-service kiosks. The company also provides private banking products and services comprising wealth management services; multicurrency deposits; prepaid multi-currency cards; family trust and succession planning services; leveraged facilities and property financing services; treasury, brokerage, and IPO services; Sukuk services; asset management services; and private equity and real estate investment services. In addition, it offers corporate banking services, such as corporate online banking platforms, working capital, term, global and local trade financing, escrow accounts set-up and managing, and corporate card services. Further, it provides capital market and financial market services; interbank commodities Murabaha and Wakala tools, Spot and Wa’ad based foreign exchange, Sukuk, REIT and equity securities products, and hedging instruments; and Al Salam Invest trading and investing platform, digital trading services, and digital wealth management services. The company was formerly known as Al Salam Bank-Bahrain B.S.C. and changed its name to Al Salam Bank B.S.C. in November 2021. Al Salam Bank B.S.C. was incorporated in 2006 and is based in Sanabis, the Kingdom of Bahrain.