Al Salam Bank launches new Takaful insurance and savings programs in Bahrain, expanding its Sharia-compliant financial offerings. The initiative introduces a wide range of protection and savings plans under Al Salam Takaful, developed in partnership with Solidarity Bahrain. This launch represents a strategic move to strengthen the bank’s position in the Islamic finance market and to attract a broader customer base seeking ethical financial solutions.
The launch includes various insurance products designed for both individuals and businesses. These include coverage for vehicles, travel, real estate, domestic workers, leisure boats, and personal accidents. The bank also provides property and health insurance solutions tailored to companies and families. This variety ensures that customers from different sectors and backgrounds can find relevant and practical insurance options to meet their specific needs.
To mark the launch, Al Salam Bank has introduced a promotional campaign. Customers can receive up to 28% off when purchasing new travel insurance. Additionally, new customers opening an account through any channel will get a 10% discount on motor Takaful insurance.
The Bank launches innovative protection and savings solutions in Bahrain to support customers’ long-term financial stability. The savings plans help users prepare for key life goals such as children’s education, retirement, or health emergencies. These solutions aim to ease future financial burdens. The bank’s approach is centered on helping clients plan ahead and build a more secure financial future.
The bank emphasized its commitment to offering comprehensive, flexible, and simple financial products. By doing so, it addresses the evolving needs of customers across Bahrain. Takaful services are available through branches, self-service platforms, and the mobile app, allowing customers to issue policies instantly.
Retail banking leadership at the bank highlighted the institution’s goal of being a one-stop destination for banking and insurance. This move aligns with the bank’s strategy to integrate convenience and accessibility with financial responsibility.
Al Salam Bank launches new Takaful insurance and savings programs in Bahrain, reinforcing its mission to provide Sharia-compliant products that combine protection, savings, and peace of mind for the community.
