The new Islamic Sukuk Liquidity Instrument (ISLI) introduced by the Central Bank of Bahrain (CBB) will play a vital role in enhancing return for Al Salam Bank-Bahrain and boost its profitability, a senior banking official said.
The shareholders of Al Salam Bank Bahrain will get BD10.7 million ($28.2 million) as dividend following the approval of the board recommendation at the bank's Annual General Meeting yesterday (February 24).
The dividend payout
Al Salam Bank-Bahrain (ASBB) said it has launched the world's first Asian real estate investment trust (REIT) fund that invests along Sharia principles.
ASBB is the sponsor and seed investor for the Al Salam Asia REIT Fund, wh
Al Salam Bank Bahrain posted a net profit of BD12.4 million ($32.4 million) for last year, up 20 per cent over the previous year.
The net profit for the quarter ended December 31, 2013, was BD3.2 million, as compared to BD4.2 mill
ASB Biodiesel, a joint venture between Al Salam Bank-Bahrain and a group of Gulf-based financial institutions, has launched its new $165 million waste-to-biodiesel plant in Hong Kong.
A dynamic, diversified and differentiated Isla
Bahraini retail lender BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and differentiated Islamic bank, to merge the two entities through a share swap deal.
Women in the workplace, particularly in the banking sector, continue to be dismally represented, especially in more senior roles, said a top official.
Al Salam Bank chairwoman and inJAz Bahrain executive director Shaikha Hessa bin
The boards of BMI Bank and Al Salam Bank Bahrain have reached an in-principle agreement to proceed with discussions for a merger, which will create the third largest bank in the kingdom, said a joint statement by the banks.
Bahrain-based Al Salam Bank said it has acquired equity stake in two brand new Boeing 777-300 ER for offering on a12-year-long renewable term lease to Dubai national carrier Emirates.
This is Al Salam's third investment in avi