Ajman Bank brings banking to UAE’s rural communities

Press release

Published January 18th, 2011 - 11:43 GMT

Ajman Bank

In line with its commitment to serving communities across the UAE, Ajman Bank, the first Islamic bank established in the Emirate of Ajman, announced today the opening of the first ATM facility in Manamah, a rural township of just 6,000 residents in the Northern Emirates.

Until the opening of this Ajman Bank ATM, residents of Manamah, located between Al Dhaid and Masafi, were forced to travel some 15 kilometres to meet their daily banking needs.

“The UAE is made up of much more than the gleaming metropolises, such as Abu Dhabi and Dubai, that have made our country known to the world,” said Mohamed Amiri, Deputy Chief Executive Officer, Ajman Bank. “This young nation also includes countless smaller villages and townships, home to families and individuals that require access to modern facilities to meet their personal banking needs.

“We are very pleased, therefore, to announce the opening of the first ATM in Manamah, serving over 24,000 residents of this township and its surrounding villages, including Wadi Ghail, Naseem, Suhaihla, Thoban, Hanya, Siji and Shouhka – as well as hamlets like Wadi Isfini and Qadra, each of which have populations of less than 1,000 people.

“At Ajman Bank, we firmly believe that we have a responsibility to demonstrate care for the all the communities we serve, as today’s announcement demonstrates, while also maximising value for our shareholders,” said Amiri. “We therefore look forward to further expanding our network and continuing to contribute to the economic growth and diversification of the UAE.”

Background Information

Ajman Bank

Ajman Bank is a young, agile Islamic commercial bank that provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people 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 organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.