Latest news with #MustafaAlKhalfawi
Web Release
2 days ago
- Business
- Web Release
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.
Zawya
3 days ago
- Business
- Zawya
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.
Arabian Business
21-05-2025
- Business
- Arabian Business
Ajman Bank lists $500mn debut sukuk on Nasdaq Dubai
Ajman Bank announced the listing of its $500 million senior sukuk issue on Nasdaq Dubai, marking the bank's first sukuk issuance and debut listing on the international exchange. Issued under the bank's $1.5 billion Trust Certificate Issuance Programme, the sukuk attracted strong investor demand, achieving 5.4 times oversubscription. The maiden sukuk issue from Ajman Bank garnered interest from over 100 global investors, the bank said. The five-year issuance, maturing in 2030, underscores the growing appeal of Sharia-compliant instruments from UAE-based financial institutions, it said. Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank, said this debut sukuk issuance marks a strategic milestone in Ajman Bank's journey, aligned with its ongoing efforts to diversify the funding base and broaden investor access. 'The positive response from the global market reflects confidence in our financial performance and future outlook. Listing on Nasdaq Dubai reinforces our commitment to international standards of transparency and growth,' he said. Hamed Ali, CEO of Nasdaq Dubai and DFM, said the debut listing of Ajman Bank's sukuk issue reflects the dynamic momentum in the Islamic capital markets and reinforces Dubai's position as a global centre for sukuk listings. 'We are proud to support Ajman Bank in this important milestone and look forward to deepening our collaboration in the future,' he said. The bank joins a distinguished group of regional and international banks listed on the exchange, contributing to the $30.6 billion currently listed across 51 debt instruments by financial institutions on Nasdaq Dubai.
Hi Dubai
21-05-2025
- Business
- Hi Dubai
Ajman Bank Lists $500 Million Debut Sukuk on Nasdaq Dubai
Ajman Bank has made its debut on Nasdaq Dubai with the listing of a US$500 million Senior Sukuk, marking a significant milestone in the bank's strategic growth and entry into international capital markets. Issued under the bank's US$1.5 billion Trust Certificate Issuance Programme, the five-year Sukuk attracted robust investor interest, achieving 5.4 times oversubscription and drawing participation from more than 100 global investors. The instrument matures in 2030 and highlights the rising demand for Sharia-compliant financial products from UAE institutions. Mustafa Al Khalfawi, CEO of Ajman Bank, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. He described the issuance as a key step in diversifying the bank's funding base and expanding access to international investors. 'The positive response from the global market reflects confidence in our financial performance and future outlook,' he said. The listing also reflects Nasdaq Dubai's growing role in supporting the Islamic finance ecosystem. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, welcomed Ajman Bank to the exchange, noting that the move reinforces Dubai's standing as a global Sukuk hub. Ajman Bank now joins a broad range of regional and international financial institutions on Nasdaq Dubai. With this latest listing, the total value of Sukuk listed on the exchange has reached US$96.9 billion, while the overall value of debt instruments now exceeds US$139 billion. The debut underlines Ajman Bank's ambitions for growth and international engagement, while contributing to Dubai's position as a leading center for Islamic capital markets. News Source: Emirates News Agency
Gulf Today
20-05-2025
- Business
- Gulf Today
Nasdaq Dubai welcomes $500 million Sukuk listed by Ajman Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Senior Sukuk issued by Ajman Bank, marking the bank's first Sukuk issuance and debut listing on the international exchange. Issued under Ajman Bank's US$1.5 billion Trust Certificate Issuance Programme, the Sukuk attracted strong investor demand, achieving 5.4 times oversubscription and garnering interest from over 100 global investors. The five-year issuance, maturing in 2030, underscores the growing appeal of Sharia-compliant instruments from UAE-based financial institutions. Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank rang the market-opening bell at Nasdaq Dubai to commemorate the listing, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank, said, 'This debut Sukuk issuance marks a strategic milestone in Ajman Bank's journey, aligned with our ongoing efforts to diversify our funding base and broaden investor access. The positive response from the global market reflects confidence in our financial performance and future outlook. Listing on Nasdaq Dubai reinforces our commitment to international standards of transparency and growth'. This listing reflects the strong collaboration between Ajman Bank and Nasdaq Dubai in supporting the development of Islamic capital markets. Hamed Ali, CEO of Nasdaq Dubai and DFM, said, 'We are pleased to welcome Ajman Bank to Nasdaq Dubai's growing community of regional and global issuers. This debut listing reflects the dynamic momentum in the Islamic capital markets and reinforces Dubai's position as a global center for Sukuk listings. We are proud to support Ajman Bank in this important milestone and look forward to deepening our collaboration in the future'. Ajman Bank joins a distinguished group of regional and international banks listed on the exchange, contributing to the USD 30.6 billion currently listed across 51 debt instruments by financial institutions on Nasdaq Dubai. With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 96.9 billion, while the overall value of debt instruments on the exchange now exceeds US$139 billion, reinforcing its status as one of the leading global venues for Islamic fixed income products.
