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Banking

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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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Banking, Business, Featured
December 6, 2023

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...

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Banking, Business, Featured
November 13, 2023

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...

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Banking, Business, Featured
October 24, 2023

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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Banking, Business, Featured, Technology
October 20, 2023

Ajman Bank, one of the UAE’s leading financial institutions, unveiled a pivotal step in its digital transformation journey at the Ajman Digital Government pavilion during GITEX Global 2023. The bank announced a strategic partnership with Codebase Technologies to launch its new retail super app, marking the institution's transition into an era of unparalleled digital agility. The Digibanc platform, developed by Codebase Technologies, underpins Ajman Bank’s super app. To further amplify the bank's digital capabilities, Cloud4C and Microsoft Azure cloud solutions...

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