The bank was assessed on a number of different operational divisions other than its overall performance as a bank. These included retail banking, with the acknowledgment of Ajman Bank launching a wide range of assets and liability products at the most competitive rates offered in the market and its success in winning the most creative design award by VISA for Ajman Bank's credit cards.

 

Investment banking and Corporate banking achievements were also taken into consideration as 2009 witnessed Ajman Bank financing reputable names in the UAE and overseas market. In addition the bank has been recognized for building strong relationships with semi-governmental and government-owned companies such as Ajman Free Zone, and Sharjah SAIF Zone.

Commenting on the accolade, Ali E. Alshaqoosh Al Mueen, Deputy CEO for Ajman Bank said, “I know that I speak for the whole team at Ajman Bank in saying that we are very proud to accept this award as Best New Islamic Bank. Developing a strong and stable operation in and outside Ajman was a key objective for us throughout 2009, an objective I am pleased to say we achieved. 

 

Being acknowledged for this achievement by industry peers goes to highlight the continued effort and commitment shown by the Bank’s teams and its leadership. This is a great start to 2010, the year we hope to see Ajman Bank reaches even greater heights.”

 

The award follows a highly successful year for the bank with the opening of three new branches in Ajman, Sharjah and Abu Dhabi, with the Dubai branch set to open this quarter.  The Bank has also seen through some large financing deals including the participation in a syndication financing transaction with a Lead Manager role, as well as service innovations from auto financing offers, protection plans and an extensive range of e-services options.