Profile

Headquartered in the Kingdom of Bahrain, Al Salam Bank is a dynamic, diversified and differentiated Islamic banking and financial services enterprise.

Key factors that contribute to the Bank's distinct market differentiation include:

• Strong paid-up capital base;
• Pre-eminent founding shareholders;
• High-calibre management team;
• State-of-the-art ICT infrastructure;
• Universal business model covering deposits, financing and investment services;
• Innovative, tailor-made Sharia'-compliant solutions;
• Firm commitment to corporate and social responsibility;

Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD 120 million (US$ 318 million), Al Salam Bank commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.

The Bank's Initial Public Offering, comprising 35 per cent of the paid-up capital, raised over BD 2.7 billion US$ 7 billion (US$ 7 billion) and was the largest IPO in the Kingdom's history. Al Salam Bank was subsequently listed on the Bahrain Stock Exchange on 27 April 2006.

The founding shareholders of the Bank hold 65 per cent of the paid-up capital. They include leading regional institutions such as Amlak Finance, Dubai Holding, Dubai Investment Group, Emaar Properties, and Global Investment House, together with other strategic shareholders from across the Middle East.

The Bank's high-calibre management team comprises highly qualified and internationally-experienced professionals with proven expertise in key areas of banking and finance, and related fields. Management and staff are supported by a world-class information and communications technology (ICT) infrastructure and the latest 'smart' working environment.

The provision of innovative and highly differentiated Islamic products and services is a major element in the vision of Al Salam Bank to become a market-shaper and leading force in the global Islamic financial services industry. The Bank's comprehensive Sharia-compliant offering will include Banking Activities comprising (Wealth Management, Priority Banking, Retail Banking and Project Finance, Corporate Finance, Trade Finance & Takaful), Investments (Comprising Real Estate Investments, Corporate Investments & Product Structuring), Treasury and Market Capital, and Trust Services.

Al Salam Bank is committed to adopting internationally recognised standards and best practice in critical areas such as corporate governance, compliance and risk management, operating with the highest levels of integrity, transparency and trust.

The Bank is equally committed to its role as a concerned corporate citizen, actively seeking ways to contribute and add value to the social and economic well-being of the local communities in which it invests and operates.