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Al Salam Group Holds its Annual Staff Gathering

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>> 29-09-2016
Diyar Al Muharraq, one of the leading urban developers in the Kingdom of Bahrain, announced the signing of a Murabaha Contract worth USD 366 million with a group of local banks including Al Salam Bank – Bahrain, Kuwait Finance House, Bank of Bahrain and Kuwait and Al Baraka Islamic Bank of Bahrain, and in order to provide financial liquidity to develop the ‘Deerat Al Oyoun’ project.
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>> 25-09-2016
One of the pioneering Shari’a-compliant banks in the Kingdom, Al Salam Bank-Bahrain and UAE-based private real estate investment and development company, Eagle Hills Diyar, today announced the signing of a partnership to form a real estate development escrow account model in the Kingdom for Marassi Al Bahrain, Bahrain’s distinguished urban waterfront project. This arrangement is set up in accordance with Law no. 28 of 2014 and the Central Bank of Bahrain’s Resolution no. 20 of 2016. Under the new legislation developers are required to establish an escrow account with a local bank for each real estate development project intended to be sold off-plan. This will ensure protection for stakeholders, especially end-buyers, by utilizing funds only for the development they have invested in.
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>> 14-08-2016
Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom, announced the launch of its new drive-through offsite ATM located at BAPCO petrol station in Isa Town.  
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>> 08-08-2016
Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom, supported the Ministry of Health initiative to develop the quality of therapeutic services provided at the government hospitals by purchasing 8 portable life supporting respirator devices for patients of long clinical residency worth BD 28,800. The respirator devices have been chosen to meet the highest standard of quality and ease of use by patients.
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>> 03-08-2016

Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom, announced its induction program held at the Sheraton Hotel Bahrain by welcoming its 10th batch of 22 young Bahrainis, including 19 female and 3 male students to its annual summer internship program.

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>> 27-07-2016
Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom, announced the second Grand cash prize “Golwah” worth US$150,000 as part of this year’s “Danat” Saving Scheme to Mr. Ali Abdulla Mohsen. Additionally, 10 special Ramadan ‘Fusoos’ prize winners, Mr. Fares Adel Al Mahmood, Ms. Hiyfaa Hossen Bessomy, Mr. Mohamed Helal Ebrahim, Mr. Mohammed Abdulla Hasan, Mr. Sharif Tharwat, Mr. Ahmed Ali Alhamar, Mr. Mustafa Ahmed Alhayki, Ms. Adhiya Mohamed Alsabaiee, Mr. Hasan Abdali Mohamed and Mr. Mohammed Ali Al Noaimi were also awarded with Umrah pilgrimage  package. The prize was awarded by Mr. Mohammed Buhijji – Acting Head of Retail Banking at the Bank’s headquarter in the Bahrain World Trade Center (BWTC).
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>> 17-07-2016
Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom of Bahrain, announced its “Danat Al Salam” monthly and special Sujni summer draw winners for the month of June with a combined prize pool of US$175,000.
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>> 02-07-2016
Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom announced the launch of a special summer promotion on its range of Visa credit cards, which runs from 1st of July until 17th of September 2016. Customers now can take advantage of extra rewards this summer, with every transaction irrespective of the amount spent outside Bahrain will be entitled to enter the draw for a chance to win cash prizes up to 20 times of their transaction value. In addition, all our customers will continue to enjoy the credit card’s core feature of up to 1% cash back reward on all their spends when using their Visa credit cards. This promotion is open to both Al Salam Bank-Bahrain and BMI Bank existing Visa credit cards holders only.
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>> 12-06-2016
Al Salam Bank-Bahrain (“ASBB”) is pleased to announce that BMI Offshore Bank Seychelles (“BMIO”) has been successfully handed over to shareholders after being placed under administration by the Central Bank of Seychelles (“CBS”) in November 2014. Following CBS handover, BMIO is resuming regular operations after being acquired by a new joint venture between ASBB and Seychelles Pension Fund (“SPF”). At the behest of shareholders, CBS has approved the rebranding of the entity as Al Salam Bank-Seychelles (“ASBS” or the “Bank”). Furthermore, ASBS shareholders and Board of Directors approved the appointment of Mr. Hussein Mohammed Al Meeza as Chairman of the Bank.
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>> 09-06-2016

Al Salam Bank-Bahrain announced that on the occasion of celebrating the recent launch of its second branch in Muharraq and in appreciation of the community’s continued support an exclusive offer which runs from 6th of June until 5th of July 2016 and this offer is applicable to all customers when applying from any of our two branches located in the Muharraq Governorate.

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