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Saturday 21 November 2009 (UAE)
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Ajman Islamic Bank / Ajman Bank, Ajman, UAE
Ajman Bank is an Islamic (Sharia compliant) bank based in Ajman, an emirate of the UAE. Originally Ajman Bank called themselves Ajman Islamic Bank but then dropped the Islamic association from their name although they are still an Islamic Bank. Other banks in the UAE that are not obviously Islamic banks from the name include Dubai Bank (different from Dubai Islamic Bank), Hilal Bank, and Noor Bank. The Ajman Bank is publicly owned, and shares are listed on the the Dubai stock market.
List of Ajman Bank branches
Unless otherwise stated, bank branches are open Saturdays to Thursdays, and closed on Fridays and public holidays.
| Branch Location | Emirate | Telephone | Manager | Hours | Open | Notes |
|---|---|---|---|---|---|---|
| Makeen Tower, nr Al Salam St | Abu Dhabi | 13 Oct 2009 | ||||
| A&F Tower, Al Khalifa St | Ajman | +971-6-7479999 | ||||
| Ajman Free Zone, Al Butain | Ajman | +971-6-7018511 | ||||
| Salahuddin Rd, Deira | Dubai | |||||
| Buhaira Corniche, Al Majaz 3 | Sharjah | +971-6-7018567 | 09 Jun 2009 | |||
Ajman Bank head office and contact details
- Ajman Bank, PO Box 7770, Ajman, UAE
- 13th floor, Block C, Al Mina Road, Ajman Free Zone
- Tel +971-6-7479999 (0800-1600 Sunday to Thursday)
- Fax +971-6-7479990
- Toll-free in the UAE 800-AB (800-22) available 24/7
- Email info@ajmanbank.ae
- Main branch opening date 21 December 2008. First account holder Sheikh Humaid Bin Rashid Al Nuami, the Ruler of Ajman. Official opening ceremony held 02 February 2009.
Ajman Bank Al Rifah Branch
- Location is Sheikh Khalifa Bin Zayed Street, in Al Rifaah area of Ajman
- PO Box 7770, Ajman, UAE
- Telephone +971-6-747 9999, fax +971-6-7467707
Ajman Free Zone Branch
- Block C1, Ground Floor, Ajman Free Zone
- PO Box 7770, Ajman, UAE
- Tel +971-6-7018511, fax +971-6-7479197
Abu Dhabi Branch of Ajman Bank
- Location is Makeen Tower, near Abu Dhabi Mall
- Official opening October 2009 (13 October 2009 press release)
Deira Dubai Branch of Ajman Bank
- Location on Salahuddin Road, near Fish Roundabout (Claridge Hotel side)
Sharjah Branch of Ajman Bank
- Sharjah Branch of Ajman Bank officially opened July 2009 (15 July 2009 press release).
- Location is on the Buhaira Corniche, near Al Safiyah / Al Safiya Park.
- Contact details PO Box 80088 Sharjah, tel +971-6-7018567, fax +971-6-7018298
Al Safwa Islamic Financial Services
- Press release 07 October 2009 announced that Ajman Bank customers can buy and sell UAE stocks through the AlSafwa Islamic Financial Services brokerage.
- Al Safwa broker kiosk at Ajman Khalifa Branch established, and coming soon at Abu Dhabi, Dubai, and Sharjah branches of Ajman Bank.
Salama Islamic Arab Insurance Company
- Press release 06 October 2009 announced that Salama Insurance would offer Takaful insurance (Sharia compliant) to Ajman Bank customers.
Ajman Free Zone expansion financing
- Ajman Bank will provide AED 54 million worth of Ijarah Islamic finance to Ajman Free Zone Authority (AFZA) to fund completion of stage III of the Al Jarf Industrial Hub in Ajman Free Zone (press release 05 July 2009).
Other Ajman Bank agreements
- Ajman Bank credit card payments at UAE Exchange (26 branches) and Al Fardan Exchange Company (77 branches) in the UAE (press release 20 October 2009). Ajman Bank customers also have "the option of paying the monthly installments on personal and cars murabaha at all UAE Exchange outlets."
Ajman Bank Management and Board
- Ajman Bank Chairman is Sheikh Ammar bin Humaid Al Nuaimi (Crown Prince of Ajman)
- Ajman Bank CEO is Ali Essa Al Shaqoosh Al Mueen (Acting CEO) - 13 October 2009 press release. Previous CEO was Yousif Khalaf (2008-?)
- Head of Retail Banking is Maruf Ahmed (2008-?)
- Head of Strategic Corporate Affairs is Said Wafai (2008-?)
Ajman Bank history and timeline
| Date | Event | Source |
|---|---|---|
| 13 October 2009 | Abu Dhabi branch official opening date | press release |
| 07 October 2009 | Al Safwa brokerage agreement | press release |
| 06 October 2009 | Takaful insurance agreement with Salama | press release |
| 15 July 2009 | Sharjah branch official opening | press release |
| 12 June 2009 | Strategic alliance formed with Ajman Chamber of Commerce and Industry | press release |
| 09 June 2009 | Sharjah branch opens | press release |
| 27 May 2009 | Murabaha finance agreement for Emirates Transport worth AED 30m for 100 buses | press release |
| 25 May 2009 | Contracts Network International to manage Ajman Bank ATMs and POS machines | press release |
| 02 February 2009 | Official opening of Ajman Bank | press release |
| 21 December 2008 | First Ajman Bank branch opens in Ajman | press release |
| 22 June 2008 | Ajman Bank shares list on the Dubai Financial Market | press release |
| 11 February 2008 | Ajman Bank IPO (AED 550m) announced, held from 17-27 February 2008 | press release |
Last update Wednesday 21-Oct-2009
Related pages
- Banks in Dubai - a list of foreign and UAE banks
- Islamic banks in UAE - list of UAE Islamic banks
Related websites (open in new window)
- www.ajmanbank.ae - Ajman Bank website. Domain www.ajmanbank.com is for sale ($12,000), www.ajmanbank.net is spam (was originally the Ajman Bank website), www.ajmanbank.org is also spam.
- Dubai directory - add your link free