Al Salam Bank-Bahrain Information

Al Salam Bank-Bahrain B.S.C (ASBB), one of the pioneering Shari’a-compliant Banks in the Kingdom, is licensed and regulated by the Central Bank of Bahrain as an Islamic Retail Bank. ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and was the largest IPO in the Kingdom’s history with subscriptions reaching over BD 2.7 billion (US$ 7 billion). The Bank commenced commercial operations on 17 April 2006. ASBB was listed in Bahrain Bourse on 27 April 2006 and subsequently on Dubai Financial Market (DFM) on 26 March 2008. ASBB offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through its extended strong 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, Investment Banking as well as Treasury Services. The Bank's high-caliber management team comprises of a highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance and related fields. Key factors that contribute to the Bank’s distinct market differentiation include: • Strong paid-up capital base; • Pre-eminent founding shareholders; • High-caliber management team; • State-of-the-art IT infrastructure; • Innovative, tailor-made Shari’a-compliant product solutions; • Universal business model covering deposits, financing and investment products and services. ASBB is adopting internationally recognized standard’s and best practices in areas such as corporate governance, compliance and risk management, operating with the highest levels of integrity, transparency and trust. As a Shari'a-compliant bank, ASBB is actively seeking towards building a stronger Corporate Social Responsibility (CSR) to the various communities in which it invests and operates.