Al Salam Bank Launches ASB Capital with USD 4.5 Billion AUMs

Al Salam Bank, Bahrain's leading Islamic bank, has unveiled ASB Capital, a new asset management firm licensed by the Dubai Financial Services Authority. Headquartered in the Dubai International Financial Centre, ASB Capital will officially launch with Assets Under Management (AUMs) valued at USD 4.5 billion.

ASB Capital introduces a diversified platform offering investment solutions for High Net Worth Individuals, family offices, corporations, and institutions across the Middle East and Africa. The firm operates in public markets, private markets, investment banking, and placement, aiming to provide comprehensive financial services.

ASB Capital collaborates with a major global asset manager to offer specialized equity funds and plans to enter the Exchange Traded Fund space. The firm also aims to provide private markets products, including private equity and real estate offerings.

Aligned with Al Salam Bank's growth objectives, ASB Capital seeks to leverage regional financial trends, aiming for a robust asset management presence. ASB Capital Services, based in Bahrain, supports this vision, enhancing Bahrain's role in Islamic finance.