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Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Al Salam Bank Personal Finance Al Salam Bank Personal Finance Minimum Salary: BHD 300 Salary Transfer: No Islamic Finance: Yes Maximum Term: 7 Years Flat Rate: 3.25% Reducing Rate: 5.85%
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Al Salam Bank aims to provide Shari'a compliant banking facilities for the purpose of meeting your financial needs. The offered products and services are beyond the boundaries of Bahrain to include the GCC and other regional markets.

Al Salam Bank Personal Finance Features:
  • Interest rates starting from 3.25% if employer is listed
  • Islamic Finance
  • Salary transfer is optional if your salary is above BHD 4,000
  • Minimum salary required is BHD 300
  • Maximum term is up to 7 years
Representative example:

If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
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