Al Salam Bank
- Company typePublic
- Founded2001
- HeadquartersKhartoum, Sudan
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
Al Salam Bank firmographics
Firmographics- Name
- Al Salam Bank
- Legal name
- Al Salam Bank B.S.C.
- Website
- https://alsalam-bank.net
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Ownership category
- akta.pro rank
Al Salam Bank industry classification
Industry- Product category
- Islamic Retail & Commercial Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Open-End Investment Funds (525910)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Islamic Retail Banking (FSABAGAA)
- akta.pro secondary industries
- Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)
Keywords
Where Al Salam Bank is headquartered
LocationHeadquarters
- HQ city
- Khartoum
- HQ country
- Sudan
- HQ region
- Africa
Offices1 record
Markets served
Al Salam Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Net Profit (Net Income): The bank reported record net profit of USD 203.8 million in 2025, a 30.2% increase from USD 156.5 million in 2024. This represents the bottom-line result of all revenue streams after expenses.
- Operating Income: Operating income reached USD 637.1 million in 2025 from USD 509.1 million in 2024, driven by income from financing activities, investment deposits, fees from electronic banking services, and other banking operations.
- Financing Income (Sukuk and Credit): Income generated from the bank's Sukuk portfolio (USD 5.13 billion, up 33.6%) and broader financing activities. Sukuk portfolio expansion contributed significantly to asset growth and revenue generation.
- Customer Deposits and Investment Account Income: The bank manages USD 14.54 billion in customer deposits. Income is generated through investment of these deposits in Sharia-compliant instruments, with returns distributed to depositors and the bank sharing profits.
- Asset Management (ASB Capital): ASB Capital, the asset management arm, generated fees from managing USD 5.8 billion in assets under management as of November 2025, having grown 30% since its launch. It plays a key role in regional Sukuk issuances exceeding USD 2 billion and plans to launch the XASB Sukuk ETF.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Al Salam Bank product offering
Product offeringCore offering
Al Salam Bank is a Sharia-compliant Islamic bank headquartered in Manama, Bahrain, offering a full range of banking, financing, investment, and treasury products and services to retail, corporate, and institutional clients in accordance with Islamic Sharia principles. The bank also operates a subsidiary in Sudan (Al Salam Bank Sudan) extending its Islamic banking franchise.
Product overview
Al Salam Bank is a Sharia-compliant Islamic bank operating in Sudan with a comprehensive suite of banking products and services. The bank operates a platform-plus-channel model consisting of core deposit products (current accounts, savings accounts, investment deposits), corporate financing solutions (Musharaka, Mudaraba, Ijara, Istisnaa, Murabaha, Wakala), and retail financing programs (Waseela for vehicles and real estate). Digital banking services are delivered through Mobile Banking (Al Salam Mobile), Phone Banking (IVR), SMS Banking, ATM Cards, and Internet Banking. The bank's subsidiary ASB Capital provides asset management services with USD 5.8 billion AUM. The bank also offers safe deposit boxes, money transfer services, foreign exchange, and strategic partnerships for insurance services. All operations are conducted in accordance with Islamic Sharia principles under supervision of the Sharia Supervisory Board.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Banking Accounts
- Corporate & Commercial Banking
- Islamic Financing Products
- Treasury & Investment Services
- Al Salam Bank Sudan Operations
Quantifiable outcome
- 30.2% year-on-year increase in net profit to USD 203.8 million in 2025
- +5 more outcomes
Companies that use Al Salam Bank
Customer profileSegments3 records
Ideal customer profiles2 records
Al Salam Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Al Salam Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Eskan Bank (Bahrain)coreEskan Bank in Bahrain signed an agreement with Al Salam Bank to expand housing finance options through the Tumooh programme. The partnership aims to improve financing schemes and provide accessible Sharia-compliant housing finance products for Bahraini individuals, expanding the range of mortgage solutions available through Al Salam Bank's distribution channels.
Scale indicators17 records
Recent moves7 records
Expansion highlights4 records
Al Salam Bank competitors and assessment
Company assessmentBroad incumbents
- Kuwait Finance House: One of the largest Islamic banks globally with a full suite of Sharia-compliant products, including asset management, investment banking, and Sukuk issuance. Comparable on Islamic banking franchise, product breadth, and cross-border GCC expansion strategy.
- Dubai Islamic Bank: UAE's largest Islamic bank, offering retail, corporate, and Sukuk underwriting capabilities at significant scale. Comparable on Islamic product suite, Sukuk market-making, and GCC retail banking customer acquisition playbook.
- Al Rajhi Bank: Saudi Arabia's largest Islamic bank by assets, with dominant retail and consumer finance franchise. Comparable on Murabaha-based consumer and vehicle financing products and on rapid retail growth trajectory, though at a much larger scale.
- Qatar Islamic Bank: Qatar's flagship Islamic bank, operating full Sharia-compliant retail, corporate, and investment banking franchises. Comparable on Islamic banking scale, asset management growth ambitions, and government/sovereign Sukuk relationships.
- Abu Dhabi Islamic Bank: Major UAE Islamic bank with retail, corporate, and wealth management operations. Comparable on Islamic product breadth, GCC retail expansion, and corporate banking capabilities including syndicated financing.
Direct peers
- Bahrain Islamic Bank: Bahrain's other major domestically licensed Islamic bank, offering directly comparable Sharia-compliant retail and corporate banking products (Murabaha, Ijara, Musharaka) to the same Bahraini customer base. Most direct head-to-head competitor for retail deposits, financing, and Sukuk distribution in the home market.
- Al Baraka Banking Group: Bahrain-headquartered Islamic banking group with a multi-country footprint across the MENA region, offering a comparable suite of Sharia-compliant retail, corporate, and treasury products. Highly comparable on product mix, regional GCC distribution, and asset management ambitions.
Regional players
- Bank Nizwa: Oman's leading Islamic bank, offering Sharia-compliant retail and corporate products in a GCC market comparable in size to Bahrain. Comparable as a focused Islamic-only franchise targeting a single domestic GCC market.
- Sharjah Islamic Bank: UAE Islamic bank focused on retail and SME Sharia-compliant banking in Sharjah. Comparable on Islamic product mix and concentration in a single GCC emirate/market with similar growth trajectory and product positioning.
- Bank of Bahrain and Kuwait (BBK): Bahraini commercial bank with a large domestic retail and corporate franchise. Comparable on Bahrain customer base and digital banking ecosystem, though BBK is conventional rather than Islamic.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Al Salam Bank social profiles
Digital presenceAl Salam Bank compliance and trust
Trust signalCompliance4 records
Al Salam Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al Salam Bank leadership team
Management profileNumber of profiles
Al Salam Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
Al Salam Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al Salam Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al Salam Bank
What does Al Salam Bank do?
Al Salam Bank is a Sharia-compliant Islamic bank headquartered in Manama, Bahrain, offering a full range of banking, financing, investment, and treasury products and services to retail, corporate, and institutional clients in accordance with Islamic Sharia principles. The bank also operates a subsidiary in Sudan (Al Salam Bank Sudan) extending its Islamic banking franchise.
Is Al Salam Bank a public or private company?
Al Salam Bank is a public company. It is classified as public and is currently operating.
When was Al Salam Bank founded?
Al Salam Bank was founded in 2001.
Where is Al Salam Bank based?
Al Salam Bank is headquartered in Khartoum, Sudan, in the Africa region.
How does Al Salam Bank make money?
Five revenue lines are on record. Net Profit (Net Income) is the primary driver. The others are operating Income, financing Income (Sukuk and Credit), customer Deposits and Investment Account Income and asset Management (ASB Capital).
Who are Al Salam Bank's main competitors?
Broad incumbents on record are Kuwait Finance House, Dubai Islamic Bank, Al Rajhi Bank, Qatar Islamic Bank and Abu Dhabi Islamic Bank. Direct peers are Bahrain Islamic Bank and Al Baraka Banking Group. Regional players are Bank Nizwa, Sharjah Islamic Bank and Bank of Bahrain and Kuwait (BBK).
Does Al Salam Bank have an API?
No public API is recorded for Al Salam Bank.
What industry is Al Salam Bank in?
Al Salam Bank's product category is Islamic Retail & Commercial Banking. Its primary akta.pro industry code is FSABAGAA, Islamic Retail Banking, with a secondary code of FSABAGAC, Islamic Corporate Banking. Its NAICS code is 522110 and its SIC code is 6021.