Ajman Bank Named 'Best Islamic Bank'

Ajman Bank , the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced today that it has been named ‘Best Islamic Bank’ on the Arab Achievement Awards presented on the third Annual Arab Investment Summit held on 15th May in Abu Dhabi.

The Annual Arab Investment Summit offers an excellent networking platform for Arab Investors, Financiers, and Government Officials to discuss and expand local and cross-border trade and investment opportunities and build new business partnerships, with a special focus on strengthening relationships among Arab countries. The awards it presents honour companies that stand out in particular areas of expertise in banking, finance, and other major development sectors of the industry.

The accolade was presented to Amer Al Ameri, Ajman Bank’s General Manager – Business Development at the awards ceremony held during the Summit at Park Rotana Hotel in Abu Dhabi.

Mohamed Amiri, the Bank’s Acting Chief Executive Officer, commented: “Winning this award reflects the quality of the work we do and the dedication we have towards our customers. Commitment to Excellence remains Ajman Bank ‘s operating philosophy for being an Islamic Bank of the highest quality in every aspect of its business operations.”

Amer Al Ameri, Ajman Bank ‘s General Manager – Business Development, stated: “We are extremely pleased with this acknowledgement, which recognizes not only our achievements, but also reflects the expertise that our team of talented and passionate professionals brings to each customer, a key factor in our ability to deliver the highest quality Islamic banking products and services.”

Ajman Bank Named 'Best Islamic Bank'.

Ajman Bank had recently won several accolades including ‘Best Customer Loyalty Programme’ by the Banker Middle East, ‘Best Syndicated Deal’ by Islamic Finance News (IFN), ‘Best Branding’ by Islamic Banking and Finance, ‘Best Website Structure’ by the UAE Web Awards, ‘Best Home Finance Product 2011’ by the Banker Middle East, and “Best Small Bank” at the 2011 Bank Benchmark Index Awards, among others.

In a challenging financial environment, Ajman Bank maintained earnings momentum recording net profit growth of 75 per cent for the year ended 31 December 2011, and a breakthrough performance for the first quarter of the current year with a 154% increase in net profit recorded by the end of March 2012.

About Ajman Bank: 

Ajman Bank is a young, agile Islamic commercial bank built on the values of integrity, trust and transparency. The bank provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate’s economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organization in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.

URL: http://www.zawya.com/story/ZAWYA20120527105004/Ajman-Bank-Named-Best-Islamic-Bank/


Emirates to raise $517 mln Islamic loan – paper

The Dubai government-owned airline has asked Dubai Islamic Bank, Ajman Bank and Al Hilal Bank to arrange the financing deal for a Boeing 777-300 and an Airbus A380 superjumbo, the paper said quoting unnamed banking sources.

Emirates was not immediately available for comment.

The rapidly expanding Gulf Arab carrier said in November that it was eyeing the more resilient Islamic finance market to fund aircraft deliveries, as international banks back out of plane deals because of the euro zone debt crisis.

Emirates placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air Show last year and became one of the largest customer of the Airbus A30 superjumbos.

The facility will be a 12-year loan and the banks have started the preparation of loan transfers since January, the report said. ($1 = 3.6730 UAE dirhams)

(Reporting by Martina Fuchs, Writing by Praveen Menon; Editing by Dinesh Nair)