Ajman, UAE; April 27, 2014: 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.
About Ajman Bank
Ajman bank provides a wide range of value-driven banking services in the UAE for individuals, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market's best products 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.
About Al Ramz Capital
Al Ramz Capital is a national leader in the UAE with more than 16 years of innovation and excellence in the financial markets, and during this period Al Ramz received numerous testimonies of Dubai and Abu Dhabi Financial as one of the best financial service companies.
In continuation to maintain the excellent reputation and commitment in providing the best services to their clients Al Ramz recently, was the first company to be awarded by SCA (Emirates Securities and Commodities Authority) with financial consultation and analysis license in UAE.
For more information about Ajman Bank please visit www.ajmanbank.ae
For media contact:
Ruba Akkad
Marketing Specialist
Tel: +971 6 7018539
Email: r.akkad@ajmanbank.ae
© Press Release 2014
