Al Salam Bank Commemorates ASB Capital's Successful Year

Author: Owen Jenkins Updated: 11-02-2025 11:54 AM

Al Salam Bank Celebrates ASB Capital's Milestone Achievement

Al Salam Bank is thrilled to mark the one-year anniversary of its asset management service, ASB Capital. Launched during an eventful period in late 2024, ASB Capital has rapidly established itself as a powerhouse in the investment banking sector, demonstrating significant growth and innovation.

Impressive Asset Growth

Since its inception, ASB Capital has achieved remarkable growth, with assets under management soaring to USD 5.8 billion, reflecting a substantial increase of 30%. This impressive feat showcases the trust and confidence that clients place in ASB Capital's capabilities.

Diverse Investment Opportunities

ASB Capital has taken significant steps towards introducing a variety of investment products, widening the financial horizons for its clients. Among its offerings are the ASB State Street Global Equity Fund, ASB MENA Equity Fund, ASB Technology Fund, and ASB Sukuk Fund. These funds provide clients with diversified access to both global and regional investment markets.

Regional Issuances and Market Impact

The firm has played a crucial role in regional capital markets with total issuances exceeding USD 2 billion. In the past year, ASB Capital has facilitated various mandates, strengthening its advisory and portfolio management frameworks. These portfolio enhancements are targeted at a broad spectrum of clients, including high-net-worth individuals, family offices, corporates, and institutional investors.

Future Initiatives and Innovativeness

Plans for the future look promising as ASB Capital is set to unveil the XASB Sukuk ETF, in collaboration with Xtrackers by DWS. This product aims to widen the scope of fixed-income investments available to clients, reflecting ASB Capital's commitment to innovation in asset management.

Leadership Insight

On the occasion of this milestone, Rafik Nayed, Al Salam Bank Group CEO and ASB Capital Managing Director, remarked, "ASB Capital's first year highlights a vital chapter in Al Salam Bank’s ongoing growth narrative. We are dedicated to fostering trust, nurturing client relationships, and enriching our investment offerings. Our growth in assets under management and the success of our new funds epitomize this commitment. ASB Capital is now recognized as a leading asset and wealth management enterprise in the region, focused on discovering new opportunities for our clientele."

Utilizing Bahrain's Dynamic Ecosystem

Both Al Salam Bank and ASB Capital are poised to leverage Bahrain's robust financial ecosystem, enhancing their reach and operations across the region. They are committed to their vision of delivering comprehensive, client-focused financial solutions spanning banking, asset management, and investment advisory services.

Frequently Asked Questions

What is ASB Capital?

ASB Capital is the asset management arm of Al Salam Bank, focused on offering diverse investment solutions and managing client assets.

What was the asset growth of ASB Capital in its first year?

ASB Capital managed to grow its assets under management to USD 5.8 billion, achieving a 30% increase since its launch.

What investment products does ASB Capital offer?

ASB Capital provides various investment options, including the Global Equity Fund, MENA Equity Fund, Technology Fund, and Sukuk Fund.

What is the significance of the XASB Sukuk ETF?

The XASB Sukuk ETF is a new investment product that aims to provide clients with increased access to fixed-income investments.

Who leads ASB Capital?

Rafik Nayed serves as the CEO of Al Salam Bank and the Managing Director of ASB Capital, leading the firm towards significant growth and innovation.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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