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Banks (Finance)

Al Salam Bank Launches Al Salam Invest, A Digital Investment Platform

Strategic Insights

— 1 min read

Al Salam Bank has unveiled its latest innovation, Al Salam Invest, a cutting-edge investment platform available on the bank's mobile application, designed to provide private banking and Al Ruwad clients with a seamless digital trading experience. This upgrade aims to give users instant access to global equities, exchange-traded funds (ETFs), sukuk, and mutual funds, all within a Shari'a-compliant framework. The platform's integration with the bank's mobile application allows clients to monitor their investments and manage daily banking transactions in real-time. The launch of Al Salam Invest is a testament to the bank's commitment to digital transformation, prioritizing innovative solutions to enhance the client experience.

Key Takeaways:

  • Al Salam Invest is a new investment platform available on the bank's mobile application, providing a bi-lingual, intuitive user-friendly interface.
  • The platform offers digital access to global equities, ETFs, sukuk, and mutual funds within a Shari'a-compliant framework.
  • Users can conduct and view investment trades in real-time, oversee their portfolios, and manage their daily banking transactions through the bank's mobile application.
  • The platform was designed in collaboration with GTN Middle East Financial Services (DIFC) Limited, a leading digital trading solution provider in the Middle East.
  • Al Salam Invest is now available on the bank's mobile application and website.

Statistics:

  • Al Salam Bank has launched Al Salam Invest, a new investment platform available on the bank's mobile application.
  • The digital trading platform provides users with instant digital access to global equities, ETFs, sukuk, and mutual funds.
  • The platform is available on the bank's mobile application and website.
  • Al Salam Bank's mobile application also provides a range of banking services, including digital onboarding, Danat savings schemes, family accounts, and financing facilities.

Sources:

  • Ref: Al Salam Bank, "Al Salam Bank Launches Al Salam Invest, a Digital Investment Platform" (no date).
  • Ref: Al Bawaba, "Al Salam Bank Launches Digital Investment Platform" (2022).

Note: The provided text does not specify the exact date of the launch or the release, but it mentions that the news was provided by Al Bawaba in 2022.

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