MANAMA, BAHRAIN: Al Salam Bank has introduced a variety of ESG initiatives focused on supporting education, well being and women empowerment in Bahrain. The transfer is a half of the Bank’s ongoing efforts to support the monetary and social wellbeing of the community in addition to the Kingdom’s Economic Vision 2030 and the United Nations’ Sustainable Development Goals (SDGs).
To support education within the Kingdom, Al Salam Bank has partnered with the American University of Bahrain to supply 5 scholarships. The scholarships will be awarded to excessive performing financially challenged highschool graduates, enabling them to progress of their educational journeys and serving to them to obtain their ambitions.
The Bank has additionally partnered with the Reboot Coding Institute to launch a devoted 18-month coding programme. Around 200 college students will have the chance to work on a variety of projects together with the Bank’s digital platforms.
Additionally, the Bank sponsored the renovation of the University of Bahrain’s Al Salam Knowledge Center by equipping it with the newest technologies. The new applied sciences will facilitate an enhanced studying expertise for students, enabling extra interactive and engaging lectures in what’s a key education space for the university.
Moreover, in partnership with the Central Bank of Bahrain (CBB), the Bahrain Association of Banks (BAB) and the Bahrain Institute of Banking and Finance (BIBF), Al Salam Bank launched of a six-month vocational coaching program for Bahraini graduates, which commenced on 2 October 2022. Participants are embarking on coaching programs and are current process on-the-job coaching throughout the Bank’s various departments providing them in-depth insights.
In support of selling wholesome communities, the Bank has recently made a significant contribution to the Ministry of Health by funding the acquisition of a mammogram device, which helps with the early detection and prevention of diseases. This initiative dietary supplements the government’s efforts to improve well being services in Bahrain.
To promote women empowerment, the Bank sponsored Athar, the Bahraini Women’s Monument Project spearheaded by the Supreme Council for Women. The project goals to celebrate Bahraini women’s previous and current contributions to the Kingdom and is designed to mirror 4 fundamental components – sea, women, innovation, and achievement – embodying the role of Bahraini women in nationwide development.
The monument is set to be unveiled on Bahraini Women’s Day on 1 December.
Commenting on the initiatives, Mr. Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, said: “Our support for education, well being and gender equality is a fundamental a half of our Bank’s tradition and is in line with our efforts to be a chief of positive change within the community. Our dedication to social responsibility is underpinned by a robust ESG framework that delivers tangible change. By implementing this framework, we’re making a significant contribution to society in areas such as upskilling younger expertise and empowering women to become subsequent generation leaders. Through our strategic sponsorships, we proceed to champion the values which have transformed Al Salam Bank into one of many region’s main Islamic monetary institutions.”