Bahraini Saudi, a subsidiary of Al Salam Bank Bahrain, has opened a new branch in Al Hamala for Bahraini Saudi customers, reported AME Info.

The new branch will offer a range of Shari’a compliant services including normal branch services like cash and cheques deposits and withdrawals, remittances inside and outside Bahrain, retail financing including personal financing, vehicle financing, property financing and high yielding Wakala deposits.

The new branch will also meet the needs of small to medium-sized companies in the retail, manufacturing, construction, services and real estate sectors through a full range of services including Shari’a compliant overdrafts, Murabaha, Ijarah and Musharaka financing, import letters of credit, trust financing and different types of guarantees.

Bahraini Saudi said that the newly trained staff at the branch would assist customers who wish to open accounts, enquire about Bahraini Saudi’s range of products and services, and other retail and commercial banking activities.