Latest news with #AlMaryahCommunityBank
Khaleej Times
08-08-2025
- Business
- Khaleej Times
Abu Dhabi citizens can now apply for up to Dh500,000 in additional housing loans
Abu Dhabi citizens will soon benefit from expanded financing options aimed at making home ownership more attainable, thanks to a partnership between the emirate's Housing Authority and leading national banks. The initiative was announced through cooperation agreements with First Abu Dhabi Bank, Abu Dhabi Islamic Bank, and Al Maryah Community Bank. It offers additional mortgage financing at interest rates and profit margins partially subsidised by the Abu Dhabi Government, making housing loans more affordable for Emirati families. Under the new scheme, citizens with existing Abu Dhabi Housing Authority loans for purchasing or building a home — and a monthly income above Dh30,000 — can apply for up to Dh500,000 in additional financing from partner banks. Repayment terms can extend up to 25 years, in line with UAE Central Bank regulations and Islamic Sharia principles, with the government covering 50 per cent of the interest or profit margins. The initiative also extends to citizens who have already received a loan worth Dh1.75 million from the authority but have not yet started disbursing funds to developers or contractors. This added flexibility will help them better plan and manage their home construction projects. The move is part of the authority's broader strategy to boost homeownership, provide cost-effective housing solutions, and ensure long-term social stability. By partnering with the banking sector, the Authority aims to build a sustainable housing system that supports citizens' needs and aspirations. "At the Abu Dhabi Housing Authority, we are committed to strengthening our strategic partnerships with the national banking sector, with the aim of providing flexible accessible financing solutions that meet the needs of citizens and meet their aspirations. "These agreements are an extension of our efforts to enable citizens to own suitable housing, within a sustainable housing system that supports family stability and social well-being," said Hamad Hareb Al Mehyas, Director General of the Abu Dhabi Housing Authority. "We are committed to expanding the scope of our services and offering additional financing options that contribute to improving citizens' quality of life and facilitating their journey to building or purchasing suitable housing with ease and convenience," he added. Eligible citizens can request the additional financing from any of the three banks through the 'Abu Dhabi Housing' app.
Khaleej Times
06-08-2025
- Business
- Khaleej Times
Al Maryah Community Bank partners with Al Fardan Exchange to expand account deposit services
Al Maryah Community Bank (Mbank), a leading digital bank in the UAE, has announced a strategic partnership with Al Fardan Exchange, one of the UAE's most trusted and long-standing financial services providers, to offer customers fast and convenient account deposit services across the country. With over 90 Al Fardan Exchange branches located throughout the UAE, Mbank customers can now easily visit the nearest location to deposit cash in their accounts. This initiative reflects Mbank's continued commitment to making banking services more accessible and user-friendly for everyone in the UAE. Hasan Fardan Al Fardan, Chief Executive Officer at Al Fardan Exchange, said, 'At Al Fardan Exchange, we have always been committed to creating real value for our customers through trust and accessibility. Our collaboration with Al Maryah Community Bank reflects this commitment, providing people across the UAE with greater ease and security when depositing funds, wherever they may be. By combining our decades of trusted service with Mbank's digital expertise, we are making banking more convenient and inclusive. This partnership is a testament to how financial institutions can come together to simplify people's lives and deliver sustainable impact.' Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, commented: 'We are proud to partner with Al Fardan Exchange to extend our services to more communities across the UAE. Mbank is providing our customers with the flexibility and convenience they need to manage their money effortlessly — anytime, anywhere. This initiative enables us to give back more to the community by promoting broader access to financial services, supporting small businesses, and helping individuals take greater control of their finances.' This collaboration builds on Mbank's growing partner network — including First Abu Dhabi Bank ATMs, Al Ansari Exchange, Redha Al Ansari Exchange, LuLu Exchange, and Lari Exchange. With the addition of Al Fardan Exchange, Mbank now provides access to over 700 cash deposit locations, making it the largest account deposit network among banks in the UAE.
Zawya
06-08-2025
- Business
- Zawya
Al Maryah Community Bank partners with Al Fardan Exchange to expand account deposit services
Abu Dhabi: Al Maryah Community Bank (Mbank), the leading digital bank in the UAE, has announced a strategic partnership with Al Fardan Exchange, one of the UAE's most trusted and long-standing financial services providers, to offer customers fast and convenient account deposit services across the country. With over 90 Al Fardan Exchange branches located throughout the UAE, Mbank customers can now easily visit the nearest location to deposit cash in their accounts. This initiative reflects Mbank's continued commitment to making banking services more accessible and user-friendly for everyone in the UAE. Hasan Fardan Al Fardan, Chief Executive Officer at Al Fardan Exchange, said, 'At Al Fardan Exchange, we have always been committed to creating real value for our customers through trust and accessibility. Our collaboration with Al Maryah Community Bank reflects this commitment, providing people across the UAE with greater ease and security when depositing funds, wherever they may be. By combining our decades of trusted service with Mbank's digital expertise, we are making banking more convenient and inclusive. This partnership is a testament to how financial institutions can come together to simplify people's lives and deliver sustainable impact.' Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, commented: 'We are proud to partner with Al Fardan Exchange to extend our services to more communities across the UAE. Mbank is providing our customers with the flexibility and convenience they need to manage their money effortlessly — anytime, anywhere. This initiative enables us to give back more to the community by promoting broader access to financial services, supporting small businesses, and helping individuals take greater control of their finances.' This collaboration builds on Mbank's growing partner network — including First Abu Dhabi Bank ATMs, Al Ansari Exchange, Redha Al Ansari Exchange, LuLu Exchange, and Lari Exchange. With the addition of Al Fardan Exchange, Mbank now provides access to over 700 cash deposit locations, making it the largest account deposit network among banks in the UAE. About Al Maryah Community Bank Al Maryah Community Bank (Mbank), UAE's first fully integrated Digital Bank offers an omnichannel experience to individual consumers and small businesses. Al Maryah Community Bank is a specialized bank, focusing on growth and serving the UAE community; UAE Nationals, Residents, and Businesses (SMEs and Corporates), in line with the vision of the UAE leaders in supporting individuals and small businesses within the UAE economy and fostering a futuristic culture by employing forward-thinking concepts driven by innovation and technology. About Al Fardan Exchange Al Fardan Exchange is a member of the Al Fardan Group, which has roots stretching back to 1954. Emerging from a seafaring and pearl trading tradition to commercial trade, the Al Fardan name is built on a solid bedrock of security and reliability. Leveraging on the Group's diversified business interests and successful operations in real estate, high-end jewellery and financial services, Al Fardan Exchange holds global reach with trust and credibility as its main ethics. Established in 1971, Al Fardan Exchange has had the unique opportunity of playing a part in supporting communities who have helped build this nation by helping them bring life to their dreams – both here and in their home countries. Today, Al Fardan Exchange is incredibly proud to serve the UAE's cosmopolitan community through its omni-channel presence, providing financial services via the AlfaPay App and a strong network of over 90 branches across the Emirates. Reinforced by strong relationships with over 150 global corresponding banks, financial institutions, and other financial service providers, Al Fardan Exchange offers secure transactions that firmly place reliability and trust at the forefront. Committed to innovation, Al Fardan Exchange is embracing digital transformation to enhance operational efficiencies and expand revenue streams. This strategic focus includes integrating artificial intelligence and digital solutions to deliver customer-centric solutions, aligning with the UAE government's vision for innovation and inclusion. Notably, the company has become the founding partner for the Dubai AI Festival, underscoring its leadership in AI integration within the financial sector. Al Fardan Exchange's mission is to redefine global money transfer and payment services by leveraging cutting-edge technology, a robust branch network, and superior customer service. The company upholds values of integrity, innovation, commitment, collaboration, and connectivity (financial inclusion). To learn more about Al Fardan Exchange, visit
Zawya
15-07-2025
- Business
- Zawya
Mbank launches 'Hasadna' – supporting Emirati entrepreneurs and advancing UAE food security
Abu Dhabi: Al Maryah Community Bank (Mbank), the UAE's leading digital bank, proudly announces the launch of Hasadna – Farm Financing, a pioneering initiative that underscores the UAE leadership's unwavering commitment to empowering Emirati entrepreneurs and strengthening the nation's food security. Aligned with the UAE Government's 'Year of Community 2025' and the ambitious Agriculture 360 Vision, Hasadna is a purpose-driven financial solution designed to enable UAE Nationals to modernize and scale their agricultural ventures. This initiative directly supports the leadership's strategic goals of nurturing homegrown talent and ensuring long-term national resilience in the food supply chain. Under the Hasadna program, Emirati farmers can access tailored financing to invest in cutting-edge, sustainable agricultural technologies—including precision farming, hydroponics, aquaponics, polyhouse farming, and vertical farming. These forward-looking methods are not only environmentally sustainable but also critical to boosting domestic food production in an increasingly resource-conscious world. Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, stated: 'Hasadna is a testament to the visionary leadership of the UAE, which continuously supports Emirati entrepreneurship across all sectors. Through this initiative, we are proud to back our local farmers—many of whom are pioneering innovative, sustainable methods to feed the nation. Our goal is to provide Emiratis with the financial tools needed to lead the agricultural transformation of the UAE, aligning with national objectives of food security, sustainability, and economic diversification.' He added: 'At Mbank, we are deeply inspired by the UAE's leadership and their drive to build a self-reliant and inclusive economy. Hasadna is more than a financial product—it's a strategic enabler for national progress. We believe that empowering Emirati farmers through accessible, innovative financing will not only support their growth but also safeguard the UAE's food future.' About Al Maryah Community Bank: Al Maryah Community Bank is the UAE's first fully integrated digital bank, offering comprehensive banking experiences to individuals and small businesses. Highly specialized and community-focused, the bank is committed to growth and service for the UAE community—including nationals, residents, and businesses (SMEs and established enterprises). The bank's vision aligns with the UAE leadership's commitment to supporting individuals and entrepreneurs, while fostering a future-forward culture of innovation and digital transformation.
Khaleej Times
15-07-2025
- Business
- Khaleej Times
Mbank launches Hasadna, supporting Emirati entrepreneurs and advancing UAE food security
Al Maryah Community Bank (Mbank), the UAE's leading digital bank, has launched Hasadna – Farm Financing, aimed at empowering Emirati entrepreneurs and strengthening the nation's food security. Aligned with the UAE Government's 'Year of Community 2025' and the ambitious Agriculture 360 Vision, Hasadna is a purpose-driven financial solution designed to enable UAE Nationals to modernize and scale their agricultural ventures. This initiative directly supports the leadership's strategic goals of nurturing homegrown talent and ensuring long-term national resilience in the food supply chain. Under the Hasadna programme, Emirati farmers can access tailored financing to invest in cutting-edge, sustainable agricultural technologies—including precision farming, hydroponics, aquaponics, polyhouse farming, and vertical farming. These forward-looking methods are not only environmentally sustainable but also critical to boosting domestic food production in an increasingly resource-conscious world. Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, stated: 'Hasadna is a testament to the visionary leadership of the UAE, which continuously supports Emirati entrepreneurship across all sectors. Through this initiative, we are proud to back our local farmers—many of whom are pioneering innovative, sustainable methods to feed the nation. Our goal is to provide Emiratis with the financial tools needed to lead the agricultural transformation of the UAE, aligning with national objectives of food security, sustainability, and economic diversification.' He added: 'At Mbank, we are deeply inspired by the UAE's leadership and their drive to build a self-reliant and inclusive economy. Hasadna is more than a financial product—it's a strategic enabler for national progress. We believe that empowering Emirati farmers through accessible, innovative financing will not only support their growth but also safeguard the UAE's food future.'
