Official name
Al Salam Bank B.S.C
DFM · SALAM_BAH
Al Salam Bank B.S.C
- Research depth
- Review ready · verified figures appear when approved
- Sector lens
- Financial services and insurance
- Reporting context
- FY2025 audited AAOIFI; Q1 2026 reviewed FAS 41; H1 board meeting 2026-08-12
Company overview
- Exchange
- DFM
- Ticker
- SALAM_BAH
- ISIN
- BH000A0J2481
- Market identifier code (MIC)
- XDFM
- Stable research ID
- DFM-SALAM_BAH
- Industry evidence
- Islamic retail, corporate and private banking with treasury, asset management and takaful
- Instrument type
- Listed equity
- Research status
- Review ready · verified figures appear when approved
- Latest financial period
- FY2025 audited AAOIFI; Q1 2026 reviewed FAS 41; H1 board meeting 2026-08-12
- Identity evidence checked
- 2026-08-11
- Identity checked
- Identity revalidation is due; this dated record is not proof of current listing status
- Listing lifecycle
- Primary active route confirmedA dated identity record does not prove the current listing state after its verification date.
Issuer participationProfile foundation available
Al Salam Bank B.S.C · What the issuer can provide
- current identity confirmation
Why this company is in the directory
Coverage follows a reconciled listed-security identity and dated evidence. Inclusion describes research scope only; it is not a ranking, recommendation or claim of complete financial coverage.
- Identity reconciliation
- Official exchange route verified before public inclusion
- Current public research layer
- Review ready · verified figures appear when approved
- Evidence boundary
- Identity record checked: 2026-08-11
Company evidence map
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Review ready · verified figures appear when approvedStale
Open the Company BriefListed-security identity
Revalidation is due; the dated record is not proof of current listing status.
Checked: 2026-08-11→AvailableIssuer profile
Verified public issuer fields are available.
→AvailableSource documents
3 source documents are linked to public facts.
→MissingCompany activity
No linked activity currently passes every public source-document check.
→AvailableOfficial sources
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→Public identity dossier
Verified listing identity
The fields below come from the current public company registry and any human-published issuer profile. Empty issuer-contact fields stay visibly missing until source and publication-rights review are complete.
- Official listed name
- Al Salam Bank B.S.C Available
- Exchange
- DFM Available
- MIC
- XDFM Available
- Ticker
- SALAM_BAH Available
- ISIN
- BH000A0J2481 Available
- Instrument
- Listed equity Available
- Sector
- Financial services and insurance Available
- Industry
- Islamic retail, corporate and private banking with treasury, asset management and takaful Available
- Identity checked
- 2026-08-11 Available
- Official website
- Missing Missing
- Investor relations
- Missing Missing
- Registered address
- Missing Missing
- Public contacts
- Missing Missing
Company activity context
Only exact-security, human-published activity that passes every public source-document check can appear here.
No linked update currently passes every public gate.
Open the full chronologyPublic identity passport
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Ticker
SALAM_BAH
Exchange and MIC
DFM · XDFM
ISIN
BH000A0J2481
Instrument type
Listed equity
Sector and industry
Financial services and insurance · Islamic retail, corporate and private banking with treasury, asset management and takaful
Listing status
Primary active route confirmed
Official website
Not available in the public evidence layer
Investor relations
Not available in the public evidence layer
Registered address
Not available in the public evidence layer
Public email
Not available in the public evidence layer
Public phone
Not available in the public evidence layer
Business description
Not available in the public evidence layer
Verified issuer profile
A verified public issuer profile has not been published yet.
Business model
Al Salam Bank B.S.C is a listed equity on DFM under ticker SALAM_BAH. Public classification: Financial services and insurance. Use this card to verify the issuer through its official profile, disclosures and sector metrics; it does not attribute unverified products, assets or projects to the company.
Al Salam Bank: assets tripled while the financing book stood still
The financing book did not move by a single million in six months
Net financing contracts stood at BD4,066.288m on 30 June 2026 against BD4,066.788m at end-2025 — effectively the same number. Group assets still rose to BD8,604.598m and the sukuk book to BD2,206.251m, so the expansion came from treasury, not lending. Half-year total income was BD199.151m, net finance income BD162.964m: banking BD121.568m, treasury BD39.594m, takaful BD1.802m. Group profit was BD51.973m and profit attributable to owners BD46.281m, of which BD23.151m belongs to the second quarter alone. Takaful added BD4.245m of operating income and BD4.855m of segment profit.
The five-year record is a record of acquisitions
Group net profit ran BD21.2m, BD33.1m, BD48.2m, BD69.5m and BD85.5m; net operating income BD66.7m, BD96.4m, BD145.2m, BD191.9m and BD240.2m; assets BD2.69bn to BD8.05bn; total equity BD297.0m to BD749.7m; cost to income 49.4%, 52.5%, 47.9%, 49.2% and 46.5%. Over five years assets added 199.3%, income 260.1% and profit 303.3%. That is perimeter growth, not organic: Ithmaar Bank joined in 2022, Algeria entered consolidation in 2023, KFH Bahrain enlarged the bank in 2024, and BNI and BNL arrived through Solidarity on 1 April 2025. The bank has operated from Bahrain since 2006 and lists twice, as SALAM on Bahrain Bourse and SALAM_BAH on DFM. The group holds ASB Capital in asset management and investment banking and Solidarity Group in motor, property, medical and family takaful.
Money that belongs neither to the depositor nor to the shareholder
Quasi-equity — wakala and mudaraba investment accounts — grew BD369.372m, or 8.42%, to BD4,757.445m, while current accounts fell BD101.759m to BD1,384.578m and murabaha term financing added BD274.119m to BD1,350.473m. It is neither a liability nor owners' equity. Of the BD4,066.288m net financing book, BD3,509.089m is funded from that pool. Pool holders receive at least 15% of the return on pool assets and the group may keep up to 85% as mudarib: the pool earned 6.2% and distributed 3.3%, a 2.9 point gap. Half-year operating cash of BD387.093m contained positive BD417.966m from quasi-equity, negative BD101.759m from current accounts and negative BD46.204m from financial-institution placements. Equity attributable to owners was BD471.806m within total owners' equity of BD760.822m.
Stage 3 grew by a third while the capital cushion is half a point
Gross financing contracts rose from BD4,128.417m to BD4,201.003m, but Stage 3 jumped from BD131.761m to BD175.250m, up 33.01%, while Stage 2 fell from BD149.186m to BD117.594m. Total expected credit losses rose from BD97.168m to BD107.634m, the Stage 3 portion from BD48.541m to BD63.719m. Non-performing financing is 4.2% against 3.2% excluding purchased credit-impaired assets and 5.0% against 4.2% including them. Coverage is 47.3% against 48.0% without collateral and 130.7% against 133.2% with it; the 34.7% carry ratio on purchased impaired assets is not a recovery rate, and the BD0.532m write-off is not a collection. The half-year impairment charge was BD14.227m. Common equity tier one slipped to 14.5% from 16.5% against a Central Bank of Bahrain minimum of 14.0% — half a percentage point of headroom; total capital adequacy was 23.6%. Liquidity coverage of 316.4% and net stable funding of 125.8% are measured against a temporarily reduced 80% floor, not 100%.
Where the Al Salam Bank filings stop answering
The FY2025 dividend of 8 fils cash plus 7% bonus shares was approved at the meeting, yet the approved BD23.344m and cash evidence of about BD23.335m do not match, and the gap is unexplained. Undisclosed: the organic versus acquired split of income, a comparable financing margin and cost of risk, deposit concentration and pricing, collateral quality, restructured exposures, stage migration by product, and the takaful arm's combined ratio and solvency. Transfer, settlement and fungibility of the share between the two venues are unproven. The largest holders at end-2025 were Bank Muscat 14.74%, Muscat Overseas 8.43% and Sayacorp 6.28%: none reaches 20%, so no controller follows. There is no target, no rating and no position sizing in this text.
Selected source-bound interim figures
Only these seven figures are restored with explicit periods and source pages. Amounts are BHD million, converted from the report’s BHD thousands, for the consolidated group. The first four rows cover six months; the last three are balances at 30 June 2026. Other historical figures remain withheld pending exact bindings; this is a website limitation, not issuer nondisclosure.
| Metric | Period / date | BHD million | Source page |
|---|---|---|---|
| Total income | H1 2026 | 199.151 | Physical page 5 |
| Net finance income | H1 2026 | 162.964 | Physical page 5 |
| Group profit for the period | H1 2026 | 51.973 | Physical page 5 |
| Profit attributable to bank owners | H1 2026 | 46.281 | Physical page 5 |
| Total assets | 30 June 2026 | 8604.598 | Physical page 4 |
| Equity attributable to bank owners | 30 June 2026 | 471.806 | Physical page 4 |
| Total owners’ equity | 30 June 2026 | 760.822 | Physical page 4 |
The old summary table is temporarily withheld because its display did not preserve the exact relationship between metrics, periods and labels. This is a limitation of the website table, not a claim that the issuer did not disclose the data. The review text and sources are preserved. Review documents and sources.
Key reported figures
Physical assets
- net financing contracts of 4,066.288m and a sukuk book of 2,206.251m at 30 June 2026
- Stage 3 balance of 175.250m against total expected credit losses of 107.634m
- the quasi-equity pool funds 3,509.089m of the net financing book
Group entities
- ASB Capital — asset management and investment banking
- Solidarity Group — motor, property, medical, group-life and family takaful
- Bank Muscat — 14.74%; Muscat Overseas — 8.43%; Sayacorp — 6.28%
Geographic footprint
- Bahrain — head office since 2006 under a Central Bank of Bahrain licence
- Algeria — consolidated since 2023
- dual listing: SALAM on Bahrain Bourse and SALAM_BAH on DFM, security code BH000A0J2481
How to read this company's economics
Numerical values remain in the separate source-document checkHow the operating model becomes revenue and cash
A financial institution can earn from lending or financing, exchange, brokerage, asset management, investment holdings, transaction fees or capital markets. Each activity carries a different balance-sheet and regulatory perimeter.
Five questions before reading the headline
1. What created demand?
Identify the exact fee, spread, asset, transaction or investment exposure creating income.
2. What was actually delivered?
Separate client activity, assets under management and proprietary balance-sheet exposure.
3. What determines the margin?
Reconcile recurring fees and spreads with fair-value, realised and one-off gains.
4. Where is cash tied up?
Trace liquidity, receivables, client money, funding, leverage and regulatory capital.
5. What must be funded next?
Read growth against licences, risk limits, capital needs and the exact legal entity.
Official-source snapshot
What the company does and where to verify it
A manually reviewed, paraphrased snapshot from issuer and official market records. Each field keeps its exact source and verification date.
No public snapshot has passed this separate review yet.
Official website, investor-relations, market-record and public contact fields remain unavailable here until their exact source, current value and reuse boundary are reviewed. Nothing is inferred from aggregators or another company.
Bank analytical model
The metrics below define the correct analytical lens for this business model. They contain no company values: a value appears only after official-document provenance and editorial verification.
- P/B and ROE
- Price-to-book must be read together with return on average equity and the same reporting scope.
- NIM
- Net interest or financing margin on the issuer-disclosed average earning-asset basis.
- NPL ratio
- Non-performing loans or financing divided by the disclosed gross credit exposure.
- Provision coverage
- Credit-loss allowances relative to non-performing exposure, preserving collateral and write-off policy.
- CASA
- Current and savings accounts as a share of customer deposits on the issuer-reported basis.
- Cost of risk
- Credit impairment charge divided by the disclosed average loan or financing base.
- CET1 and capital adequacy
- Regulatory capital ratios reported for the stated entity, date and supervisory basis.
What changed
Full company chronologyVerified company activity
Only exact-security activity that passes the automatic source, locator, date and localization gates is shown. Exceptions remain unpublished. Each date keeps its lifecycle meaning.
No linked activity currently passes every public source-document check.
Sources
Identity evidence
- Identity evidence
- Exchange-hosted evidence
- Identity record checked
- 2026-08-11
- Evidence host
- www.dfm.ae
Research collections
This company appears in the dated public collections below. Membership describes coverage and evidence context; it is not a ranking or recommendation.
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Identity revalidation due
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