Ajman 20 October 2009: Ajman Bank, the emirate's first Islamic commercial bank, has tied-up with the UAE Exchange and Al Fardan Exchange Company, enabling Ajman Bank customers to pay their credit cards installments at the exchange centres across the UAE. Whilst many banks provide the opportunity for its customers to pay their cards installments at such centres, Ajman Bank is the first bank offering customers the option of paying the monthly installments on personal and cars murabaha at all UAE Exchange outlets.

Credit Card holders can now make payments across the 26 Al Fardan exchange centres, strategically located in seven of the emirates including Ajman, Dubai, Abu Dhabi and Sharjah, as well as 77 UAE Exchange centres located across the entire UAE. The recently signed agreement will bring greater convenience to Ajman Bank customers to whom they are committed to offering best in class services to its customers. The Bank hopes to form more strategic alliances to offer more facilities and services to its customers.

Adding to the bank's extension of services are a number of new branches granting greater access to its clientele. There are currently four branches in operation in Ajman, Sharjah and Abu Dhabi; the flagship branch in Ajman which was launched in February, closely followed by the opening of a second branch in the Ajman Free zone. The second Emirate to have an operating branch in the UAE is Sharjah, with operations launched in June of this year, the third Emirate was Abu Dhabi that started operating recently in October. The fifth branch will start operating end of this year in Dubai.

 

 

There are more branches currently in the pipeline, which will see the bank's operations expand across the Emirates. These will be located in Abu Dhabi and Dubai. The bank is also planning to expand its network of ATMs, which currently totals eleven across Sharjah and Ajman. Moreover, a new call centre is available now and ready to answer all customers' inquiries on toll free number 800 22.

Acting CEO of Ajman Bank, Ali Essa Al Shaqoosh Al Mueen, made the following comment, "We are committed to offering to our customers facilities and services enabling them to pay their installments through one of the biggest exchange companies across the UAE. Customers and Ajman Bank card holders will now be able to pay required installments during the exchange companies working hours, at more than 100 outlets, not to mention further flexibility in paying outside the bank's working hours. Moreover, Ajman Bank is the first bank to innovate paying the instalment of car Murabaha, personal finance and cards through this unique agreement with UAE Exchange Company, enabling our customers to get the best of our services. These services will become increasingly accessible and further enhanced at our new branches, to be launched soon."