Al Salam Bank, a pioneering Shari'a-compliant Bank in Bahrain, has launched a new Corporate Deposit Card, providing maximum security for micro, small and medium enterprises and corporate clients by only permitting deposits. 

 

The card is available to corporates with no added cost, with clients being able to deposit up to BD6,000 ($15,772.6) daily, per account. The Corporate Deposit Card can be used at any of the deposit machines and smart ATM’s available 24/7 across Al Salam Bank’s network in the Kingdom of Bahrain, without ever needing to visit a branch.

 

Commenting on the introduction of the new card, Head of Corporate Banking at Al Salam, Ahmed Murad, said: “We are proud to continuously provide our clients a range of products and services that meet their business requirements. With the launch of the Corporate Deposit Card, our clients will be able to make deposits around the clock at their own convenience. The card aims to provide access, maximum security, in addition to protection in the light of the ongoing pandemic, sparing them a branch visit. We look forward to continue to deliver on our promise to provide our clients secure banking solutions that will ultimately streamline their business operations.”

 

In addition, clients using the new Corporate Deposit Card to make a deposit prior to June 30 will be given a chance to enter a weekly draw to win BD100 ($2,628.7), for every transaction made during the outlined period. - TradeArabia News Service