The Banking Executive Magazine - February 2023 Issue

Al Salam Bank AL SALAM BANK’S LAUNCHES ‘SALARY ADVANCE’ THROUGH APP Al Salam Bank announced the launch of its latest app feature, ‘Ad- vanced Salary’, enabling clients who receive their salaries through the bank 15 days in advance. New clients can also take advantage of this service when transferring their salaries to the bank. The feature is available on the bank's digital app for clients who have transferred their salaries over the past three months. Clients can receive a salary advance of up to BD2,000 ($5,320), in accordance with the terms and conditions, for a nominal service fee of only BD11 including VAT. The "Advanced Salary" service is part of a range of benefits provided by the bank to its loyal clients delivered through a number of innovative pro- grammes and services, including the loyalty rewards programme, offering loyalty points to clients for certain banking transactions, and the trans- actional memories feature, providing spend analysis services. BANK OF CHOICE Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: "We are committed to building our rela- tionship with our clients, continu- ously meeting their financial needs, and enhancing their banking experi- ence with us. As such, we continue to launch initiatives and services that aim to streamline their banking trans- actions. “Through this initiative, we hope to position ourselves as the bank of choice for clients to receive their salaries as we continue to deliver more innovative services that will en- rich their banking experience through a range of products and serv- ices." the BANKING EXECUTIVE 18 ISSUE 170 FEBRUARY 2023