Journan — Accueil

Al Salam Bank clarifies criteria for car installment purchasing

Nacer Haïdar, director of Al Salam Bank, has confirmed that the distribution of vehicles for installment purchases is managed based on the seniority of the applications. This policy is designed to ensure transparency and prevent any irregularities in the process. The director explained that the bank does not hold permanent inventory, but receives periodic quotas ranging from 50 to 100 cars, which results in extended waiting times due to high demand. Prospective buyers must submit their applications, perform a financing simulation, and deposit an initial down payment based on their income levels. The bank strictly follows the chronological order of file submission across its branches to maintain fairness for all customers.