Ajman Bank joins forces with Al Safwa Islamic Financial Services

The new agreement allows customers to buy and sell Sharia compliant shares listed in DFM and ADFM live through Al Safwa.

This new contract signed at Ajman Bank is the most recent of many similar deals designed to offer customers and community a broader range of services. Having live share brokerage on offer will make participation in the Emirate's financial markets more accessible to the banks customers and support their community banking approach by encouraging people to invest in their nation's economy. Established in 2006, Al Safwa Islamic Financial Services, a private joint company trading in the Dubai and Abu Dhabi financial markets, aims to expand its operations locally and regional closely matching Ajman Banks own ambitions.

In signing the new deal, Ajman Bank will add to its current range of customer packages from ladies to affluent banking and initiative such as auto financing deals, mobile banking facilities and an online banking card with enhanced flexibility the new live shares service adds further to the company's credentials. Both parties are committed to providing the highest level of quality in customer services and plans will see Ajman Bank accommodate an Al Safwa Kiosk in its main Khalifa Branch in Ajman as well as new branches in Abu Dhabi, Sharjah and Dubai in the near future .

Ali E Alshaqoosh Al Mueen, Acting CEO of Ajman Bank commented: "Ajman Bank is very pleased to start an on-going banking relationship with Al Safwa, particularly in light of its recent creation of a financial and technical analysts department. We feel confident that our clients will be in safe hands with a team that really know the financial market inside and out. This goes hand in hand with our company ethos of providing and supporting the community and the Economy of UAE and we look forward to forming new relationships with clients and businesses that seek to benefit from this brokerage service."

Engineer/Jacob, Ali Saeed, chief executive of the elite added:

"We are delighted with this strategic partnership with one of the largest Islamic banks in the region, and we believe that this long-term partnership will enhance and expand our presence locally and regionally to offer our services to a greater number of clients."

And that this agreement is the result of successful negotiations between the parties. The Botha Ajman Bank to confer with a new dimension to our activities and programs, which often put the interests of investors in the forefront; and it will create a partnership and integration between the two institutions in accordance with best practices and highest international standards."