Al Salam Bank Bahrain

Islamic banking lends advantage to financial Institutions

Switching from conventional ‘Western’ financial practices to Islamic banking gives distinct advantages to banks, with the change improving the liquidity and value of stocks. Researchers at the Universities of Birmingham and Brighton studied a merger that took place in Bahrain, between an Islamic bank and a conventional bank in the wake of financial crises that rocked the world between 2007 and 2009.

Their study showed that the 2009 acquisition of Bahrain Saudi Bank by the Islamic institution Al Salam Bank Bahrain (ASBB) prompted a significant increase in the liquidity of ASBB after adopting an Islamic banking system. Published in the Journal of International Financial Markets, Institutions and Money, the study looks at how the amalgamated bank operated after the merger, concluding that Islamic banking offered the institution significant advantages.

Al Salam invests in Hong Kong plant

Al Salam Bank Bahrain has led investment into a new waste-to-biodiesel plant in Hong Kong. The plant is operated by ASB Biodiesel, a Hong Kong-based company under the chairmanship of HRH. It is capable of processing waste oils into 100,000 tonnes of biodiesel annually. The construction cost of the plant was $165 million. Specifically, ASB Biodiesel collects waste cooking oil and up to 550 tonnes of grease trap waste per day, then processes the waste using multi-feedstock technology from Austrian designer BDI Bioenergy International.

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