Reaps‘Best New Investment Product’Award
Ajman, UAE; March 16th , 2015:Ajman Bank, the award-winning financial services institution committed to transforming the experience of Islamic banking, has added another feather to its cap by winning the ‘Best New Investment Product’ Award presented by ‘The Banker Middle East Magazine’, the highly regarded banking magazine in the region, in its “2015 Banker Middle East Product Awards” issue.
The award reaped was in recognition to Ajman Bank innovative, newly launched product for share finance, through which investors will be provided with the financing facilities needed for their trading activities in the local financial markets. The new product is featured of being fully compliant with the provisions of Islamic Shariah principles for trading in the UAE financial markets (DFM and ADX).
Commenting on the award, Mohamed Amiri - CEO of Ajman Bank, said: “Winning the ‘Best New Investment Product’ Award from ‘The Banker Middle East Magazine’, reinforces Ajman Bank’s leading position of being pioneer in introducing innovative and creative Islamic banking products which are positively altering the Islamic banking landscape in the UAE”.
On the other hand, Hany Sabry – VP, Head of Investment in Ajman Bank, commented by saying: “I am delighted and happy for winning this prestigious award which to be considered as an additional recognition and a clear proof of the trust earned from our customers. We, at Ajman Bank, are always keen to providing our customers with the best Islamic banking services and products, based on which, the new share finance product was launched, and it showed high rate of acceptance and appreciation among our investors. This is, in addition to product’s full compliant with the provisions of Islamic Shariah Principles, it allows the investors to double their purchasing power in the financial markets by providing them with funding facilities equivalent to the market value of their stocks portfolio; it also gives them the freedom to trade using their own shares and/or the shares financed by the bank, one of the main salient feature of the product that it is designed with flexible terms and conditions to meet different customer’ trading and investment strategies and at the same time considering the equity market risks and volatility.
About Ajman Bank:
Ajman Bank is a young, agile Islamic commercial bank built on the values of integrity, trust and transparency. The bank provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.
Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate’s economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organization in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.
