Ajman, UAE; June 10, 2012: Ajman Bank, the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced today that it has signed an agreement with City University College of Ajman (CUCA) at a special ceremony held at Ajman Bank’s Head Office premises in Ajman.

 

The agreement represents a partnership that will benefit students and researchers at CUCA, aiming to provide students with opportunities to develop skills and careers in the banking and finance industry and to promote top level research and innovation initiatives in the field.

 

The agreement will open a host of opportunities for the students of CUCA including applied seminars related to the banking industry by Ajman Bank officials and industry mentors, internship programs, bank educational visits, student sponsorships, specialized banking service centers at the College premises, Advisory Board services, and research sponsorships. The Bank will also provide the College staff and students promotional and tailored products including student credit and debit cards and student financing plans (Service Ijara – Education). Ajman Bank staff will also benefit from this partnership through special training programs tailored and delivered by CUCA to develop their skills and competencies. These programs include accounting, finance, auditing, management, marketing, business and management communication, leadership, organizational behavior, and human resource management. These courses will be conducted in both Arabic and English.

 

“Ajman Bank remains committed to its national and socially responsible role. We are very pleased to partner with CUCA, one of the premier specialized higher education providers in the country," said Mohamed Amiri, Acting CEO of Ajman Bank. "We believe that the best investment we can make in our future is in higher education. The programs we are supporting through today’s agreement will help students gain valuable knowledge and experience they will use later in their careers."

Dr. Mohamed Amerah, Vice Chancellor of CUCA, commented: "We are grateful to Ajman Bank for their visionary support of this mission. Our agreement with Ajman Bank enhances our opportunities to interact and exchange ideas with professionals from the banking industry to foster dialogue that is expected to enlighten our students and create career and entrepreneurial opportunities for them. At the same time, CUCA will offer competency-based training courses to enhance existing skills with employees of the bank.”

 

 

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.

 

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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.

 

City University College of Ajman (CUCA) is a newly established institution of higher education, under the patronage of His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, and under the chairmanship of His Highness Sheikh Rashid Bin Humaid Al Nuaimi. CUCA provides a high-quality learning environment that fosters research and personal growth. CUCA uses a wide range of activities for academic and professional development. 

The Bachelor of Business Administration program at CUCA is accredited by the UAE Ministry of Higher Education and Scientific Research and currently includes Finance and Accounting, and Marketing. Future plans include adding majors in Human Resource Management and Management Information Systems. Courses are taught by highly-qualified international faculty with PhD degrees, tailored to meet UAE and international employment requirements, are based on the USA education system model, and are conducted in the morning and evening.

 

CUCA established its Career Enhancement Center in April 2012 to offer a host of training courses to enhance the skill sets of working professionals in the core subject areas of business administration and English language.

Fida El Samad

VP - Head of Corporate Communications

Tel: 050 4594132

E-mail: f.elsamad@ajmanbank.ae