About Al Salam Bank
Al Salam Bank is a company based in Manama (Bahrain) founded in 2006 was acquired by Ithmaar Bank in January 2022. It operates as a Professional Services. Al Salam Bank has completed 1 acquisition, including Al Salam Bank Algeria. Al Salam Bank offers products and services including Credit Cards, Al Salam Life Planning, and Property Finance. Al Salam Bank operates in a competitive market with competitors including Al Baraka Banking Group, Ithmaar Bank, Khaleeji, Bank Alkhair and BOK International, among others.
- Headquarter Manama, Bahrain
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Ithmaar Bank
(Jan 28, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Al Salam Bank
Al Salam Bank offers a comprehensive portfolio of products and services, including Credit Cards, Al Salam Life Planning, and Property Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Credit cards are offered for personalized financial management.
Savings plans are provided for future financial security.
Property financing solutions are offered for home buyers.
Unlock access to complete
Funding Insights of Al Salam Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Al Salam Bank
Al Salam Bank has secured backing from 1 investor. Prominent investors backing the company include Ithmaar Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Operates as an Islamic retail bank offering Sharia-compliant financial services to customers.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Al Salam Bank
Al Salam Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Al Salam Bank Algeria. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial Bank
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Al Salam Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Al Salam Bank Comparisons
Competitors of Al Salam Bank
Al Salam Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Al Baraka Banking Group, Ithmaar Bank, Khaleeji, Bank Alkhair and BOK International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shari'a-compliant financial services and Islamic banking solutions are provided.
|
|
| domain | founded_year | HQ Location |
Operates as an Islamic retail bank offering Sharia-compliant financial services to customers.
|
|
| domain | founded_year | HQ Location |
Functions as an Islamic bank offering specialized financial services.
|
|
| domain | founded_year | HQ Location |
Islamic banking services are offered in Bahrain.
|
|
| domain | founded_year | HQ Location |
Functions as an Islamic bank offering Sharia-compliant financial services to customers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Al Salam Bank
Frequently Asked Questions about Al Salam Bank
When was Al Salam Bank founded?
Al Salam Bank was founded in 2006.
Where is Al Salam Bank located?
Al Salam Bank is headquartered in Manama, Bahrain.
Who is the current CEO of Al Salam Bank?
Rafik Nayed is the current CEO of Al Salam Bank.
What does Al Salam Bank do?
Al Salam Bank is established as an Islamic retail bank licensed by the Central Bank of Bahrain. Services are provided in retail, corporate, and private banking sectors. Various financial solutions including credit cards, property finance, and savings schemes are offered. Operations are conducted across Bahrain with a focus on Sharia-compliant banking principles. Digital platforms and self-service kiosks are utilized to enhance customer experience.
Who are the top competitors of Al Salam Bank?
Al Salam Bank's top competitors include Al Baraka Banking Group, Bank Alkhair and Ithmaar Bank.
What products or services does Al Salam Bank offer?
Al Salam Bank offers Credit Cards, Al Salam Life Planning, and Property Finance.
How many acquisitions has Al Salam Bank made?
Al Salam Bank has made 1 acquisition, including Al Salam Bank Algeria.
Who are Al Salam Bank's investors?
Al Salam Bank has 1 investor. Key investors include Ithmaar Bank.