MOU with Al Safwa Islamic Financial Services.
Signs a partnership agreement with Al Safwa Islamic Financial Services
Ajman, UAE; March …. , 2015: Ajman Bank, the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, had signed a partnership agreement with Al Safwa Islamic Financial Services (P.J.S.C), through which Ajman Bank is offering investors (retail or corporate), with registered shares’ portfolios in the UAE local financial markets, a Sharia-Compliant Shares Trading Financing product, and managed by Al Safwa Islamic Financial Services. The event took place at Ajman Bank new head office where the agreement was concealed by Mohamed Amiri, CEO of Ajman Bank and Dr. Yaqoub Ali Saeed Al Naqabi, CEO of Al Satwa Islamic Financial Services, and in the presence of number of senior-level managers and executives from both sides.
Commenting on the signed agreement, Mohamed Amiri – CEO of Ajman Bank said: “The partnership agreement that was signed between Ajman Bank and Al Safwa Islamic Financial Services, one of the biggest Islamic brokerage Companies specialized in providing Sharia-Compliant financial solutions and services in the UAE, is a remarkable achievement to be added to Ajman Bank’s record and major step taken by the bank towards accomplishing its mission to be one of the best Islamic Banking Services provider in the UAE. Through this agreement, Al Safwa Islamic Financial Services will be providing shares trading management services to investors with shares portfolios financed by Ajman Bank through its new Sharia-Compliant Share Trading product. This joint-efforts service was initiated to insure that our customers as well as Al Safwa’s are getting high-quality, high-standards, top of range Islamic products and services”.
On the other hand, Dr. Yaqoub Ali Saeed Al Naqabi - CEO of Al Safwa Islamic Financial Services stated: “We are so happy getting to sign this strategic partnership with Ajman Bank, one of the best, fast-growing Islamic Bank in the UAE. We are confident of the major role this partnership is going to play in broadening our business scope enabling us to approach bigger number of customers from all the business segments; it will also has a direct influence in enforcing our position as one of the biggest Islamic Brokerage Companies specialized in providing Sharia-Compliant financial solutions and services in the UAE.” He also added: “UAE financial markets are the markets of interest for all investors from all business segments (retail or corporate), and locations (locally or globally), especially after being officially listed and registered in Morgan Stanly Index for developed financial markets”.
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 organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.
