Al Salam Bank

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

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

• Islamic banking
• Sharia-compliant finance
• Retail banking
• Corporate banking
• Wealth management

Headquarters

HQ city

Khartoum

HQ country

Sudan

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Core 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

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Eskan Bank (Bahrain)coreStrategic or Co-development Partner · 26 November 2025Eskan 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

Broad 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

• Facebookfacebook.com/AlSalamBank
• LinkedInlinkedin.com/company/alsalam-bank--sudan

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Salam Bank