Ajman Bank Signs MoU with Sheikh Zayed Housing Programme
Ajman Bank Signs MoU with Sheikh Zayed Housing Programme
Ajman, UAE; August 30, 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 Sheikh Zayed Housing Programme (SZHP). The agreement was signed by HE Mohammd Abdul Aziz Jassem, Acting General Manager of SZHP and Mohamed Amiri, Acting CEO of Ajman Bank during a ceremony held at SZHP’s premises in Dubai.
The MOU represents a partnership that will benefit SZHP’s customers, aiming to provide financing solutions to UAE Nationals who are eligible to apply for the residential units provided by the SZHP.
The signing of this memorandum confirms the keenness of the Sheikh Zayed Housing Programme to facilitate financing of housing units for UAE Nationals. It also reflects the keenness of Ajman Bank to provide appropriate solutions to support this non profit programme by the Federal Government.
“Ajman Bank remains committed to its national and socially responsible role. We are proud to partner with SZHP, one of the most committed and community oriented programmes in the UAE," said Mohamed Amiri, Acting CEO of Ajman Bank. "We believe that by supporting this ambitious programme, we will be able to address the housing needs of hundreds of families in our community and help UAE Nationals acquire their dream homes at most affordable rates. We view this partnership as an investment aimed to strengthen our local economy and serve our local community at large."
HE Mohammad Abdul Aziz Al Jassem, Acting General Manager of SZHP, commented: "We are grateful to Ajman Bank for their support of our mission. Our agreement with the Bank enhances our prospects and potential to grow the programme and serve more local families who may now benefit from the offered opportunities.”
Salem Al Shamsi, Ajman Bank’s Acting Head of Retail Banking, stated: “We are very pleased to participate in this programme and provide ideal financing solutions for our customers, in line with our commitment to consistently deliver on our promise of being the right partner to our customers in every aspect of our retail business operations.”
Ajman Bank started its operations in 2009. It now operates with 12 branches spread across the Emirates.
In a challenging financial environment, Ajman Bank maintained earnings momentum recording a breakthrough performance for the first half of the current year with a 250% increase in net profit recorded by the end of June 2012, compared to the same period in 2011.
