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Al Salam Bank acquires KFH-Bahrain

Bahrain-based Al Salam Bank, an Islamic lender, has announced that it has signed a final deal with Kuwait Finance House (KFH) to acquire the latter s entire stake in KFH-Bahrain.

Al Salam Bank 9M net up 53%; operating income hits $537mln

Al Salam Bank 9M net up 53%; operating income hits $537mln
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Al Salam launches revamped multi-currency prepaid card drive

Bahrain-based Al Salam Bank has announced the launch of its new multi-currency prepaid Visa card campaign. The revamped initiative enables a customer to win BD1,000 cash prize from monthly draws to be held throughout the campaign period until December.

FlexxPay, Bahrain Al Salam Bank sign co-operation deal

FlexxPay, Bahrain Al Salam Bank sign co-operation deal MANAMA, December 12, 2020 FlexxPay, a social impact technology company with offices in Europe and the GCC, and Bahrain-based Al Salam Bank have signed a co-operation agreement in bid to offer innovative employee benefit solutions to businesses and government entities in the kingdom.    The sharia compliant solution will give employees and pensioners access to a portion of their earned income whenever they want.    Salaries, commissions, pensions, end of service benefits – all of these will be accessible to anyone at any point of time through the FlexxPay platform, in a user friendly and secure environment. Al Salam Bank will cover all banking related services while FlexxPay will focus on technology and user experience. 

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