Ajman Bank wins MEA Finance Banking Technology Awards 2025 for outstanding innovation and digital excellence in Islamic Banking
Ajman Bank has been recognised as one of the winners at the prestigious MEA Finance Banking Technology Awards 2025, held on 8 May at the Armani Hotel, Burj Khalifa in Dubai. Now in its fifth year, the awards celebrate excellence in banking innovation and digital transformation across the Middle East and Africa, attracting over 300 senior banking and fintech leaders.
Commenting on the achievement, Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said:
'We are honoured to receive this prestigious award. It is a testament to the strength of our transformation strategy and the dedication of our team. This recognition reflects our customers' trust and our ongoing commitment to providing seamless, secure, and inclusive digital banking experiences. We remain focused on driving innovation in the UAE's financial ecosystem through speed, service, and specialisation.'
Organised by MEA Finance Magazine, the awards are widely considered a benchmark for excellence in banking technology. Winners were selected by an expert panel based on criteria including innovation, strategic impact, and execution.
The award specifically recognises Ajman Bank's achievement in 'Best Cloud Implementation,' a milestone that has significantly enhanced the overall user experience by delivering faster, more seamless digital services. The adoption of cloud technologies has also opened new, dynamic channels of engagement with customers - redefining convenience, connectivity, and responsiveness in Islamic banking.
This accolade further cements Ajman Bank's standing as a digitally agile Islamic bank. The bank's achievements include the successful launch of digital-first services such as instant account opening, fully digital credit card issuance, and collaborations with global fintech and payment platforms. These efforts support the Bank's strategic objectives around financial inclusion, sustainable growth, and the Ajman Vision 2030.
About Ajman Bank
Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.
Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate's economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
30 minutes ago
- The National
UAE-Serbia trade to accelerate as Cepa comes into effect
The Comprehensive Economic Partnership Agreement between the UAE and Serbia came into force on Saturday, as the Emirates continues to strengthen its trade relations globally. The UAE's 10th Cepa is expected to boost trade and investment flows, and remove or significantly reduce tariffs, which will all lay the foundations for enhanced co-operation across a spectrum of critical industries, the Ministry of Foreign Trade said in a statement on Saturday. The deal is also leading to projections that bilateral trade between the two nations will contribute around $351 million to the UAE's gross domestic product by 2031, it added. The UAE is Serbia's leading trading partner in the Gulf, accounting for approximately 55 per cent of its total trade with the region in 2023, according to government data. The UAE-Serbia Cepa is another "new chapter in our economic relations, creating new avenues for collaboration, investment and trade that will benefit both our nations", Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, said in the statement. "Through this agreement we are committed to unlocking significant opportunities that will create jobs, strengthen supply chains and facilitate a thriving environment for businesses in both countries," he added. Cepas that the UAE has already signed with nations from Colombia to Australia have contributed Dh135 billion ($36.8 billion) to the country's non-oil trade, an increase of 42 per cent compared with the previous year, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said previously. The UAE's non-oil foreign trade hit a record Dh3 trillion last year − up 14.6 per cent year-on-year − as the country continues to diversify its economy and forges closer trade ties with countries around the world. The Cepa programme is key for the UAE's economic growth. The Arab world's second largest economy aims to boost its gross domestic product to $800 billion by 2030, with a target of more than $1.1 trillion in total non-oil trade by 2031. Overall, the UAE has concluded 27 deals as part of the Cepa initiative. In 2025 alone, and counting Serbia's, the UAE has signed seven new deals with Malaysia, New Zealand, Kenya, Ukraine, Central African Republic, Costa Rica and Mauritius. The UAE and EU are also in discussions for a Cepa, with both sides moving closer to an agreement, Maros Sefcovic, EU Commissioner for Trade and Economic Security, told The National this week. The UAE's Cepa with Serbia is projected to further boost non-oil trade between the two countries, which hit about $121.4 million in 2024, twice that compared to 2021 levels, according to government data. Serbia is positioned as a key partner for the UAE, with its diverse economy and strategic location providing a vital gateway into Eastern Europe and the Balkans. "The Cepa is expected to not only enhance trade but also increase private sector collaboration and promote investments in priority sectors such as renewable energy, agriculture, logistics and technology," the statement said. The bilateral relationship has been further strengthened by increasing flows of FDI [foreign direct investment], which has been directed towards high-growth sectors, enhancing shared economic interests."
The National
40 minutes ago
- The National
Saudi Arabia's foreign minister arrives in Syria to discuss boosting economic ties
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan arrived in Syria on Saturday, leading a high-level delegation that aims to strengthen ties as the war-torn nation prepares for an economic opening on the expected lifting of years-long sanctions. Prince Faisal is due to meet Syrian President Ahmed Al Sharaa, and is expected to hold economic talks between the two sides as an economic delegation is accompanying the Saudi official, the Saudi foreign ministry said in a statement. The talks will focus on ways the two sides can work together "to support Syria's economy, strengthen the development of government institutions, and achieve the aspirations of the Syrian people", the ministry said. In February, Saudi Crown Prince Mohammed bin Salman met Mr Al Sharaa in Riyadh during the latter's first trip in the region as president. Mr Al Sharaa said the meeting with Prince Mohammed has shown that Saudi Arabia had 'a genuine desire to support Syria in building its future'. The Syrian president added that his meetings in Riyadh had included plans for co-operation in the fields of energy, technology, education and health. The Syrian economy has been devastated by the civil war, which began in 2011. The UN's Development Programme estimates cumulative losses – including physical damage and economic deprivation – of $923 billion at the end of last year. The estimated cost of reconstruction has varied from $250 billion and $500 billion. The national economy, which had been maintaining a brisk pace of growth before the protests against the regime of deposed president Bashar Al Assad, has struggled since: gross domestic product plunged 6.4 per cent in 2016 before gradually recovering, government data shows. But the situation has been improving: in March, Syrian President Ahmad Al Shara announced new members in his government, appointing 23 ministers in a broadened cabinet, a move seen as an important milestone in the transition from decades of Al Assad family rule and the improvement of ties with the West. It further accelerated after US President Donald Trump, during his Gulf tour this week, announced the lifting of sanctions on Syria, drawing cheers from its citizens and optimism from analysts. He also met Mr Al Shara in Riyadh. On May 16, the World Bank cleared Syria of its $15.5 million outstanding debt after Saudi Arabia and Qatar paid for it, in another positive sign for the nation's damaged economy. The clearing of the arrears, made effective on May 12, reinstates Syria's eligibility to receive World Bank support and operations after a 14-year hiatus, the Washington-based institution said. Saudi Arabia and Qatar announced their plans to settle Syria's outstanding debts on April 27, in "support of and to accelerate the recovery" of Syria, following discussions at the World Bank and International Monetary Fund 's spring meetings in Washington. Support from Syria's Gulf neighbours will be key to its recovery: financial deposits from Gulf allies will support Syria's monetary stability and rebuild confidence in its commercial banking system as the country grapples with near-depleted foreign exchange reserves, analysts have said. Also in May, Damascus and DP World, the Dubai-based global ports operator, signed an initial agreement worth $800 million to develop Syria's port of Tartus, aimed at strengthening port infrastructure and logistics services in the country.
Al Etihad
an hour ago
- Al Etihad
UAE-Serbia Comprehensive Economic Partnership Agreement officially comes into force
31 May 2025 17:07 ABU DHABI (WAM) The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and the Republic of Serbia has officially come into force, marking a significant milestone in the deepening of economic ties between the two agreement is set to foster enhanced trade and investment flows, paving the way for collaboration across a wide variety of priority Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, expressed his enthusiasm regarding the CEPA's implementation, stating, 'The activation of the UAE-Serbia CEPA heralds a new chapter in our economic relations, creating new avenues for collaboration, investment and trade that will benefit both our nations. Through this agreement we are committed to unlocking significant opportunities that will create jobs, strengthen supply chains, and facilitate a thriving environment for businesses in both countries.'The UAE-Serbia CEPA aims to boost bilateral non-oil trade, which reached approximately $121.4 million in 2024, double the level of trade when compared to 2021, with projections indicating a substantial increase in bilateral trade that will contribute $351 million to UAE GDP by 2031. This growth is anticipated through the elimination and reduction of custom duties for over 96% of tariff lines, thereby enhancing market access and fostering a more conducive environment for private sector is an important partner for the UAE, with its diverse economy and strategic location providing a vital gateway into Eastern Europe and the Balkans. The CEPA is expected to not only enhance trade but also increase private sector collaboration and promote investments in priority sectors such as renewable energy, agriculture, logistics, and UAE is Serbia's leading trading partner in the GCC, accounting for approximately 55% of its total trade with the region in 2023. The bilateral relationship has been further strengthened by increasing flows of FDI, which has been directed towards high-growth sectors, enhancing shared economic interests. With the CEPA now ratified and officially in force, both nations can leverage the agreement to foster economic growth and create opportunities that will benefit their CEPA programme is a cornerstone of the UAE's strategic growth objectives, aiming to increase total non-oil trade to $1.1 trillion by 2031 and doubling the size of the economy to $800 billion by 2031. The UAE-Serbia CEPA is the 10th to come into force, with 27 in total having been concluded so far with countries spanning the Middle East, Africa, Southeast Asia, South America and Europe.
