Al Salam Bank, 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. The Bank 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. Al Salam Bank was listed in Bahrain Bourse on 27 April 2006 and subsequently on Dubai Financial Market (DFM) on 26 March 2008. Al Salam Bank 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. Al Salam Bank 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, Al Salam Bank is actively seeking towards building a stronger Corporate Social Responsibility (CSR) to the various communities in which it invests and operates.
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
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ASB Capital marks one year of growth, increasing AUM by 30% to $5.8 billion and launching diverse investment products.
ASB Capital marks one year with 30% AUM growth to $5.8B, launches diverse funds, and plans XASB Sukuk ETF.
ASB Capital, Al Salam Bank's asset management arm, celebrates its first anniversary with 30% AUM growth to $5.8 billion and launch of new investment products.
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