Ajman Bank and AQAAR Formalize Partnership to Expand Home Finance Opportunities

Ajman, UAE - September 2026: Ajman Bank has formalized a strategic partnership with AQAAR Ajman Properties Corporation, the number one property developer in Ajman, to expand access to Home Finance solutions for customers purchasing ready and under-construction properties, while creating opportunities for broader cooperation across banking and real estate services.

The partnership marks an important step towards a broader strategic relationship between Ajman Bank and AQAAR. Looking ahead, both organizations will explore opportunities across employee banking, project financing, escrow account solutions and corporate banking services, creating a more comprehensive financial proposition for AQAAR, its customers and its wider ecosystem.

As part of the agreement, AQAAR customers will have access to Ajman Bank’s Shari’ah-compliant Home Finance solutions for ready and under-construction properties. This will provide customers with financing solutions through an established banking partner as they navigate their property journey.

For property buyers, purchasing a home often involves balancing property selection, financing and long-term financial planning. Through this partnership, Ajman Bank and AQAAR aim to make access to appropriate Home Finance solutions more straightforward, while creating opportunities to support AQAAR’s wider banking and financing requirements.

Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said:

“Our role is to support customers through important financial decisions, and home ownership is among the most significant. Our relationship with AQAAR allows us to bring our Home Finance solutions closer to customers purchasing properties in Ajman, while creating opportunities to support the organization and its wider ecosystem with additional banking services. We look forward to building on this relationship and identifying further opportunities to serve customers and businesses across the emirate.”

Khaled Al Hosani, Chief Executive Officer at AQAAR Ajman Properties Corporation, said:

“Our partnership with Ajman Bank represents an important step in AQAAR’s ongoing efforts to enhance the range of solutions and services available to our customers, providing greater flexibility and convenience throughout their property ownership and investment journey. We believe that advancing the real estate sector goes beyond delivering high-quality developments; it also requires building an integrated ecosystem that brings together quality real estate products, efficient services and easier access to suitable financing solutions. Through our collaboration with a well-established national financial institution such as Ajman Bank, we are working to provide our customers with access to Shari’ah-compliant Home Finance solutions, while also exploring broader areas of future cooperation that can further enhance the attractiveness of Ajman’s real estate market and support its sustainable growth in line with the emirate’s development aspirations and vision.”

The partnership reflects Ajman Bank’s continued focus on providing financial solutions that address the evolving needs of customers and businesses. By working with AQAAR, the Bank aims to strengthen its role within Ajman’s real estate sector while exploring further opportunities to support the organization, its customers and its projects through a broader range of banking and financing solutions.