Ajman Bank Signs a Strategic Alliance with Al Ramz Capital
Ajman Bank Signs a Strategic Alliance with Al Ramz Capital
Ajman Bank, the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced today that it has signed a strategic alliance with Al Ramz Capital, one of the UAE’s leading financial institutions, aiming to provide Ajman Bank customers with the services to trade in the UAE’s stock market.
The alliance has been officially signed by Mr. Mohamed Abdulrahman Amiri, Ajman Bank’s CEO and Mr. Mohammad Murtada Al Dandashi, Partner and Managing Director, Al Ramz Capital. This strategic alliance is in line with the Ajman Bank’s strategy to provide its customers with latest and advanced services which includes the opportunity to enter and trade in the UAE’s stock market.
Mr. Mohamed Abdulrahman Amiri, Ajman Bank’s CEO commented: "The UAE is one of the countries that are witnessing a pronounced growth in the economy in the Middle East as well as it provides great opportunities specially in the field of trade and investment in the UAE financial markets, and thus this strategic partnership serves as an ability to our customers to seize the investment opportunities in the UAE trade market” Adding to that, Mr. Amiri said " Al Ramz Capital considered as one of the leading and most experienced financial institutions specializing in trading and investment, AL Ramz ‘s extensive experience in the UAE stock markets counts as one of the key elements to this strategic alliance”
"We are pleased to provide our trading services to investors from Ajman Bank clients, which would also simplify trading for customers as our specialized and experienced team in trading will follow-up and to provide tips for trading processes, which will enable Ajman Bank’s clients to benefit from our expertise in trading and investment" Mr Mohammed Hurtada Al Dadashi said. He also added “Ajman Bank has seen a rapid growth in the UAE financial sector since the start of its operations and this partnership comes in line with the strategic plan for development and expansion for both companies."
Ajman Bank has launched share finance product to invest in the UAE’s financial markets and that is complaint with Sharia’a principles and based on Murabah. This product will double the investors purchasing power in the financial market by offering finance amount equivalent to the market value of the client's stock portfolio, customers will be also able to trade with their own shares in addition to the finance provided by the bank.
