Latest news with #AnwarMurad
Arabian Business
09-04-2025
- Business
- Arabian Business
Al Salam Bank and Eagle Hills Diyar to ease real estate financing for clients
Bahrain-based Al Salam Bank will provide real estate financing solutions to those looking to own residential units in Marassi Bay, Marassi Terraces, and Palace Residences after signing a Memorandum of Understanding (MoU) with leading real estate developer Eagle Hills Diyar. In addition to competitive profit rates, Al Salam Bank will offer Eagle Hills Diyar customers a grace period of up to six months and loyalty reward points. Clients will get complimentary consultancy sessions to design and execute their home interiors. Partnership with Eagle Hills Diyar Anwar Murad, Deputy Chief Executive Officer – Banking at Al Salam Bank, commented: 'We are pleased to establish this partnership with Eagle Hills Diyar, which reflects our commitment to providing innovative real estate financing solutions that cater to our clients' needs. 'Through this collaboration, we aim to empower individuals, SMEs, and corporate clients to own their residential units in prestigious developments, while offering competitive benefits that make the financing process more seamless and flexible.' Dr Maher Alshaer, Managing Director of Eagle Hills Diyar, added: 'We take pride in pioneering the development of real estate projects that combine luxury and innovation, offering a modern and sustainable lifestyle that aligns with the aspirations of contemporary communities. 'Our partnership with Al Salam Bank represents a strategic step in providing attractive financing options that meet the needs of individuals and businesses looking to own residential units in our developments. We are confident that this collaboration will facilitate homeownership and further strengthen the real estate sector in Bahrain.' Al Salam Bank is currently focusing on strategies to enhance its real estate financing offerings. It aims to provide flexible financial solutions that support the housing sector in the country while maintaining the highest standards of quality and comfort in homeownership.
Daily Tribune
07-04-2025
- Business
- Daily Tribune
Al Salam Bank joins Tamkeen's Open Innovation Programme to drive Financial Innovation
Al Salam Bank has joined the Open Innovation Programme, a pioneering initiative backed by Bahrain's Labour Fund (Tamkeen) and managed by Brinc MENA. This Programme connects leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises' challenges and requirements, and enhance operational efficiency, drive sustainability, and foster economic growth. The programme connects Bahraini startups and SMEs with leading enterprises to develop innovative solutions that enhance operational efficiency, drive digital transformation, and support economic growth. Al Salam Bank is the first Bank to join this initiative, reaffirming its commitment to fintech innovation and the advancement of Bahrain's financial sector. The agreement was co-signed by Tamkeen's Chief Executive, Maha Abdulhameed Mofeez, Mr. Anwar Murad, Deputy CEO - Banking at Al Salam Bank, and Brinc's Managing Director, Husain Haji, at Tamkeen's headquarters. Under this partnership, Al Salam Bank will collaborate with selected startups and SMEs, co-financing the development of proof-of-concepts (POCs) and pilot solutions that address the bank's strategic challenges and opportunities. This collaboration aligns with Tamkeen's 2025 strategic priorities, which focus on enhancing Bahrainis' competitiveness in the private sector, supporting enterprise growth, and accelerating digital transformation. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), commented: 'Al Salam Bank's participation in the Open Innovation Program is a testament to our shared vision of fostering a vibrant startup ecosystem in Bahrain. This initiative provides startups and SMEs with a unique platform to collaborate with leading enterprises, driving innovation and economic diversification in the Kingdom.' Mr. Anwar Murad, Deputy CEO - Banking at Al Salam Bank, stated: 'Innovation is at the heart of Al Salam Bank's strategy. Through this program, we aim to leverage the creativity and agility of Bahraini startups to enhance our digital banking capabilities, improve clients experiences, and optimize operational efficiency. By working together, we can shape the future of Bahrain's financial sector and create sustainable economic value.' A joint committee consisting of representatives from Tamkeen, Brinc, and Al Salam Bank will oversee the selection and development of startup-led solutions to enhance financial innovation. The program will support the co-creation of new technologies that align with the evolving needs of the financial sector. Brinc's Managing Director, Hussain Haji, added: 'By connecting corporations with agile startups/SMEs, we are fostering a dynamic ecosystem where AI-driven automation, financial security solutions, and personalized digital banking experiences can thrive. This collaboration will drive meaningful advancements in Bahrain's banking sector and enhance clients engagement through cutting-edge technology.' Bahrain-based startups and SMEs with innovative technology solutions are invited to apply via Selected participants will join a six-month accelerator program, receiving tailored mentorship, funding, and the opportunity to pilot their solutions with Al Salam Bank.
Zawya
07-04-2025
- Business
- Zawya
Bahrain: Al Salam Bank inks pact to aid startups and SMEs
Al Salam Bank has partnered with the Open Innovation Programme, an initiative supported by the Labour Fund (Tamkeen) and managed by Brinc MENA, to foster collaboration between established enterprises and Bahraini startups and SMEs. The programme aims to connect leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises' challenges and requirements, enhance operational efficiency, drive sustainability, and foster economic growth within the kingdom. Al Salam Bank's participation in the programme, the first bank to do so, underscores its commitment to fintech innovation and the development of Bahrain's financial sector. The agreement was signed by Tamkeen's chief executive Maha Mofeez, Al Salam Bank deputy chief executive for banking Anwar Murad, and Brinc managing director Husain Haji. Under the partnership, Al Salam Bank will collaborate with selected startups and SMEs, co-financing the development of proof-of-concepts (POCs) and pilot solutions tailored to the bank's strategic challenges and opportunities. This collaboration aligns with Tamkeen's 2025 strategic priorities, which focus on enhancing the competitiveness of Bahrainis in the private sector, supporting enterprise growth, and accelerating digital transformation across the kingdom. Ms Mofeez said, 'Al Salam Bank's participation in the programme is a testament to our shared vision of fostering a vibrant startup ecosystem in Bahrain. This initiative provides startups and SMEs with a unique platform to collaborate with leading enterprises, driving innovation and economic diversification in the kingdom.' Mr Murad added, 'Innovation is at the heart of Al Salam Bank's strategy. Through the programme, we aim to leverage the creativity and agility of Bahraini startups to enhance our digital banking capabilities, improve clients experiences, and optimise operational efficiency. By working together, we can shape the future of Bahrain's financial sector and create sustainable economic value.' A joint committee com prising representatives from Tamkeen, Brinc, and Al Salam Bank will oversee the selection and development of startup-led solutions to advance financial innovation. The programme will support the co-creation of new technologies that align with the evolving needs of the financial sector. Mr Haji said, 'By connecting corporations with agile startups/SMEs, we are fostering a dynamic ecosystem where AI-driven automation, financial security solutions, and personalised digital banking experiences can thrive. This collaboration will drive meaningful advancements in Bahrain's banking sector and enhance clients engagement through cutting-edge technology.' Bahrain-based startups and SMEs with innovative technology solutions are invited to apply via Selected participants will join a six-month accelerator programme, receiving tailored mentorship, funding, and the opportunity to pilot their solutions with Al Salam Bank. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Biz Bahrain
07-04-2025
- Business
- Biz Bahrain
Al Salam Bank Joins Tamkeen's Open Innovation Program as the first bank in Bahrain to Drive Financial Innovation in collaboration with Bahraini Startups and SMEs
Al Salam Bank B.S.C., has joined the Open Innovation Program, a pioneering initiative backed by Bahrain's Labour Fund (Tamkeen) and managed by Brinc MENA. This Program connects leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises' challenges and requirements, and enhance operational efficiency, drive sustainability, and foster economic growth. The program connects Bahraini startups and SMEs with leading enterprises to develop innovative solutions that enhance operational efficiency, drive digital transformation, and support economic growth. Al Salam Bank is the first Bank to join this initiative, reaffirming its commitment to fintech innovation and the advancement of Bahrain's financial sector. The agreement was co-signed by Tamkeen's Chief Executive, HE Maha Abdulhameed Mofeez, Mr. Anwar Murad, Deputy CEO – Banking at Al Salam Bank, and Brinc's Managing Director, Husain Haji, at Tamkeen's headquarters. Under this partnership, Al Salam Bank will collaborate with selected startups and SMEs, co-financing the development of proof-of-concepts (POCs) and pilot solutions that address the bank's strategic challenges and opportunities. This collaboration aligns with Tamkeen's 2025 strategic priorities, which focus on enhancing Bahrainis' competitiveness in the private sector, supporting enterprise growth, and accelerating digital transformation. Her Excellency, Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), commented: 'Al Salam Bank's participation in the Open Innovation Program is a testament to our shared vision of fostering a vibrant startup ecosystem in Bahrain. This initiative provides startups and SMEs with a unique platform to collaborate with leading enterprises, driving innovation and economic diversification in the Kingdom.' On signing the agreement, Mr. Anwar Murad, Deputy CEO – Banking at Al Salam Bank, stated: 'Innovation is at the heart of Al Salam Bank's strategy. Through this program, we aim to leverage the creativity and agility of Bahraini startups to enhance our digital banking capabilities, improve clients experiences, and optimize operational efficiency. By working together, we can shape the future of Bahrain's financial sector and create sustainable economic value.' A joint committee consisting of representatives from Tamkeen, Brinc, and Al Salam Bank will oversee the selection and development of startup-led solutions to enhance financial innovation. The program will support the co-creation of new technologies that align with the evolving needs of the financial sector. Brinc's Managing Director, Hussain Haji, added: 'By connecting corporations with agile startups/SMEs, we are fostering a dynamic ecosystem where AI-driven automation, financial security solutions, and personalized digital banking experiences can thrive. This collaboration will drive meaningful advancements in Bahrain's banking sector and enhance clients engagement through cutting-edge technology.' Bahrain-based startups and SMEs with innovative technology solutions are invited to apply via Selected participants will join a six-month accelerator program, receiving tailored mentorship, funding, and the opportunity to pilot their solutions with Al Salam Bank. With this strategic partnership, Al Salam Bank, Tamkeen, and Brinc are paving the way for financial innovation and startup-led growth in Bahrain.
