Banking

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Banking
October 24, 2024

Abu Dhabi, UAE – 24 October 2024 – Magnati, a leading payment solutions provider in the Middle East, has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless access to Shari’ah-compliant financial services, giving SME merchants the tools they need to scale their businesses and contribute to the UAE's economic progress. With this new offering, SME merchants can use real-time POS payment transaction data to gain access to a broad range of financing...

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Banking, Business
October 14, 2024

Skyrise Properties, a fully-owned subsidiary of Ajman Bank, has announced the official inauguration of its new headquarters next to Ajman Bank’s main office, marking a pivotal moment in both companies’ growth trajectories. The inauguration event was attended by the board members and senior management of Ajman Bank and Skyrise Properties underscoring the close strategic alignment between the two entities. The new premises will serve as the central hub for Skyrise Properties’ expanding activities, which pan property and asset management, sales, leasing,...

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Banking
July 18, 2024

His Highness Sheikh Ammar Bin Humaid Al Noaimi, Crown Prince of Ajman and Chairman of Ajman Bank Board of Directors, chaired the meeting held today at the bank’s headquarters, with the attendance of board members and Mustafa Al Khalfawi the CEO of the bank. His Highness reviewed the bank’s results for the first half of 2024, which showed that it achieved an all-time high half-yearly net profit of AED 216 Million up by 111%, supported by strong profit of AED 108...

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Banking
July 4, 2024

In a groundbreaking collaboration with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), Ajman Bank has announced its integration with the Aani Instant Payment Platform. This significant development positions Ajman Bank as one of the few Islamic banks in the region to become a part of the Aani platform, underscoring the bank’s commitment to banking innovation and excellence. The Aani Instant Payment Platform revolutionizes the way transactions are conducted for Ajman Bank customers, offering real-time funds...

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Banking, Business, General
May 9, 2024

Ajman Bank has reported an all time high quarterly profit in Q1 2024 of AED 107.4 million. This is on the back of a 7.0% increase in total operating income to AED 400.3 million as compared to AED 374.0 million in corresponding period of 2023, and net operating income of AED 194.8 million. Return on shareholder Equity (annualized) and Return on Asset (annualized) have doubled in Q1 2024 as compared to corresponding period of 2023 – respectively to 15.5% (up...

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Banking
May 7, 2024

Summit brings together more than 8,000 industry leaders from over 100 countries to discuss the future of FinTech and unlock new opportunities Second edition of the Dubai FinTech Summit highlights the ongoing transformation of the technology-led financial sector His Highness: Dubai provides a unique environment for FinTech companies to leverage new growth opportunities in this rapidly growing sector “We have created a dynamic ecosystem for the FinTech industry to thrive, in line with the goal of the Dubai Economic Agenda D33 to establish the...

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Banking, Business
April 29, 2024

Dyna.Ai’s participation at the Dubai FinTech Summit marks the company’s global debut. §  The collaboration reinforces Dubai FinTech Summit commitment to strengthen the global financial ecosystem through innovation and knowledge exchange. Dubai, 29 April 2024: Dyna.Ai, a leading artificial intelligence technology service company headquartered in Singapore, has joined theDubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), the leading global Financial Centre in the MEASA region, as a Powered By sponsor. Dyna.Ai focuses on leveraging cutting-edge AI techniques to foster business digitalisation and ‘intelligentisation’. The company serves a wide range of institutions...

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Banking
April 8, 2024

In response to the humanitarian initiative ‘Relieve My Worries and Make My Family Happy’ launched by the Ajman Police Punitive and Correctional Institutions, Ajman Bank donated 635,674 dirhams. This initiative aims to settle the debts of inmates struggling with financial issues and legal dues to facilitate their release. It also supports their families who are experiencing difficult living conditions in the absence of their breadwinners. The donation contributes to settling the financial obligations of inmates sentenced in various financial cases...

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Banking
March 26, 2024

Fitch Ratings has affirmed Ajman Bank PJSC's (AJB) Long-Term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook and Viability Rating (VR) at 'b+'. Commenting on the achievement, Mr. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said, "We are proud to receive the 'BBB+' rating from Fitch, one of the world’s leading credit rating agencies, affirming our robust financial outlook and strategic direction. This endorsement not only reflects our operational resilience and prudent risk management practices but also highlights our commitment...

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Banking, Business, Featured, Uncategorized
December 13, 2023

Ajman Bank’s Head of Marketing and Corporate Communications, Maryam Al Shorafa, has been honored with the esteemed WOMANi 2023 Award by Cambridge IFA in ‘Women Influential Award’ category. This award recognizes exceptional women leaders in the financial and insurance sectors, highlighting their contributions to the industry. Mustafa Al Khalfawi, CEO of Ajman Bank, extended his heartfelt congratulations to Maryam Al Shorafa on her achievement, stating, “With an outstanding all-round experience of nearly two decades, Maryam represents the successful leadership model at Ajman...

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