Our Management
Our Management

Mustafa Al Khalfawi

Group Chief Executive Officer

  • Joined Ajman Bank in September 2023
  • Over 20 years of working with Al Futtaim Group, Emirates NBD & FAB.
  • Experience includes several key positions in several leading UAE banks. .
  • Holds a Bachelor’s Degree in Bachelor of Science in Business Administration


Salem Al Shamsi

Group Chief Operating Officer

  • Founder member of Ajman Bank since 2008.
  • Highly skilled executive with 18 years of Banking experience.
  • A dynamic Leader with thorough understanding of banking industry and a diversified track record in business management, people management, banking solutions, public relations, government relations, business development negotiations with Ultra High Net worth clients and profitable segmentation strategies.
  • USA graduate from Eckerd University- fits well amongst entrepreneurs, leaders and innovators of a dynamic and growing banking sector - leveraging his professional experience, knowledge and leadership skills.


Faizal Kundil

Group Head of Consumer Banking

  • Joined Ajman Bank in January 2021
  • Retail Banking, Sales & Distribution Specialist with over 25 years of experience in the banking industry
  • Worked previously with Citibank, Standard Chartered Bank, Dubai Islamic Bank, Emirates Islamic Bank and FAB Group
  • High-profile diversified experience in Strategic Planning, Product Marketing & Management, Sales Development and Consumer Finance
  • Holds a Certificate in Accelerate Leadership Program from Harvard Business School and Bachelor’s Degree in Commerce from Delhi University, India


Maryam Al Shorafa

Group Chief Corporate Communication Officer

  • Joined Ajman Bank in January 2008
  • Worked with Higher Colleges of Technology – Women’s College before joining Ajman Bank.
  • Played a major role in leading and orchestrating the launch of Ajman Bank in 2009.
  • Elected as Secretary General of Ajman Businesswomen Council in 2012.
  • Holds a Higher Diploma in Business Management from HCT - Dubai Women’s College & Post-Graduate Certificate in Educational Technology from University of Southern Queensland.

Omar AlNuaimi 

Group Chief Human Resources Officer 

  • VP – Head of Human Capital
  • Joined Ajman Bank in December 2008
  • Over 17 years of progressive experience in the talent management, Emiritization  ,Human Capital planning, Systems, policies & organizational structuring .
  • Worked previously for Mashreq Bank and NBAD.
  • Master of Business Administration with concentration in Strategic management & leadership


Rahul Talwalkar

Group Chief Credit Officer

  • Joined Ajman Bank in Feb 2024
  • Over 25 years of experience in banking.
  • Prior to joining Ajman Bank, he worked Saudi Global Enterprise as a Senior Consultant (BAIN Advisory) and Designated as the Risk & Compliance Director
  • He Began his banking career at ING Bank then moved to First Abu Dhabhi Bank as a Senior Managing Director & Head of Credit Investment Banking


Thaera Taryam

Acting Group Chief Customer Officer

  • Joined Ajman Bank in Aug 2018
  • Over 26 years of experience in banking.
  • Prior to joining Ajman Bank, she was a Senior Branch Manager in Emirates Islamic Bank


Badreldin Elmogadam

Group General Counsel & Board Secretary

  • Joined Ajman Bank on 2008
  • Over 18 years of experience in the legal field
  • 13 years of experience in GCC where he worked as external and in-house legal counselor in the banking sector, including 6 years in Islamic banking


Dr. Fazal Rahim

Group Head Of Internal Sharia Control & ISSC Secretary

  • Joined Ajman Bank in April 2009
  • Over 20 years of banking experience including 11 years managerial experience in Sharia consultancy, Sharia Audit and Sharia Coordination
  • Worked for leading local and regional Islamic Financial Institutions
  • Holds master degree in Economics with specialization in Economics of Islam
  • A certified Sharia Adviser and Auditor by AAOIFI – Bahrain
  • Sit on number of Sharia Boards and member of various Islamic Banking committees within the UAE


Muhammed Iqtadar

Group Head of Compliance

  • Joined Ajman Bank in September 2008, seasoned professional with over 25 years of experience inclusive of 22 years in banking sector.
  • Extensive & diversified experience in Internal and External Audit, Accounting & Finance, Risk Management, Fraud, Compliance, Financial Crime, Internal Control, Governance and Quality assurance etc. Before taking up his current post, he was Head of Operational & Fraud Risk Management in Risk management division.
  • Worked previously for Habib bank AG Zurich (HBAGZ), Commercial Bank International (CBI), ORIX leasing, and Ernst & Young.
  • Throughout his career, Iqtadar has obtained numerous Qualifications & Certifications including ACMA (UK), CGMA (USA), CPA, CAMS (USA), CFE (USA), CICA (USA), AFA (UK), AICB, CISA, CISM, CRISC, CGEIT, PMP, GRCP, GRCA, FMVA, CPIA and CACM etc.
  • Alongside this, he has completed several specialized post-graduate certifications from several leading global business schools. i.e. IBA, MIT (USA), IMI and MBA from University of Northampton (UK). etc


Majdi Darwish

Group  Chief Internal Auditor

  • Joined Ajman Bank in Feb 2020
  • Over 22 years’ experience in the financial sector, including 15 years in the banking industry.
  • Worked previously for Sharjah Islamic Bank (SIB), Qatar International Islamic Bank (QIIB) and Ernst & Young
  • High-profile diversified experience in Internal Audit & External Audit, Governance, Risk Management, Internal Control, Accounting, Fraud and Quality Assurance
  • Holds a Bachelor Degree win a Major in Accounting and is Certified Internal Control Auditor (USA), Certified Bank Auditor (USA), Certified Risk Professional (USA), Certified Fraud Examiner (USA – ACFE Board), Certified Internal Auditor (USA – IIA Board), Certified Public Account (USA – AICPA Board)


Rana M. Saud Khalid

Group Chief Risk Officer

  • Joined Ajman bank in January 2013.
  • Career spanning over 18 years in a wide spectrum of Risk Management, Direct Investments and Investment Banking, with prestigious local and international Banks.
  • Rana Saud has played an active role in overall Bank’s progress, especially setting up of Risk Management function at Ajman Bank. He was identified and trained as a candidate to take on a leadership role at the bank. After serving at various Risk Management positions he served as Deputy Chief Risk Officer for over 2 years, before appointment as Chief Risk Officer.
  • He is a graduate from King’s College London.


Tuan Ahamath

Acting Head of Treasury

  • Over 30 years of experience in banking industry in which 25 years in the Treasury management in various positions.
  • Joined Ajman Bank in June 2018.
  • Prior to joining Ajman Bank, worked with Dubai Islamic Bank and Noor Bank and was a pioneer member of setting up Treasury at the formation. Began his career at Emirates Bank, Colombo branch and at Seylan bank - Sri Lanka.
  • Holds a Bachelor’s Degree in Business Administration and an ACI certificate holder.