Banking

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...

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...

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...

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...

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...

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...

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...

Ajman Bank, a leading Islamic bank in the United Arab Emirates, was declared the winner of IRBA Islamic Retail Banking Award 2023 by Cambridge IFA, being recognized for its outstanding achievements in the banking sector. The accolade that highlights the bank's commitment to excellence, innovation, and its significant contributions to the financial industry, was received by Faizal Kundil, SVP - Head of Consumer Banking, Ajman Bank. “We are honored to receive this esteemed award from the Cambridge IFA,” said Mustafa Al...

The summit is expected to attract over 8,000 industry leaders, testament to Dubai’s growing status as a global economic and financial hub Maktoum bin Mohammed: The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033 Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. Second edition of Dubai FinTech Summit to take place on 6-7 May 2024...

Expanding its branch network, Ajman Bank has announced the opening of its new Ajman Bank Deira branch. The state-of-the-art facility demonstrates the bank’s commitment to providing its customers with a modern banking experience ensuring their convenience. Mr. Mustafa Mohammed Saeed Al Khalfawi, Chief Executive Officer of Ajman Bank, inaugurated the branch accompanied by other senior management team members. Strategically located in the dynamic business district of Deira, the Ajman Bank Deira branch will strengthen the bank’s ties with key business entities...

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