Ajman Bank Signs MOU with Sheikh Zayed Housing Programme


Ajman Bank has signed a Memorandum of Understanding (MOU) with the Sheikh Zayed Housing Programme to facilitate home finance solutions for UAE citizens. The MOU was signed by Mr. Kashif Amin Thakkur, Head of Consumer Banking Ajman Bank and Mr. Mohamed Abdulla Lootah, General Manager of Sheikh Zayed Housing Programme.

Commenting on the agreement, Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are very pleased to collaborate with Sheikh Zayed Housing Programme to support the organisation’s vision to provide high standard and affordable residential facilities to UAE citizens. This strategic alliance demonstrates our commitment to facilitate access to easy funding for Emirati nationals to enhance their lifestyle. We look forward to launching this exciting scheme that will benefit both new and existing customers as well as employees of Sheikh Zayed Housing Programme while enabling progress.”

Mr. Mohamed Abdulla Lootah, General Manager of Sheikh Zayed Housing Programme, said, “We are delighted to partner with Ajman Bank to fulfill our aspirations in ensuring adequate good quality housing for UAE nationals. It will allow us to diversify the financing options for projects that meet our standards. It is also an important step in increasing the pace, scale and quality of delivering new homes.”

Mr. Kashif Amin Thakkur, Head of Consumer Banking, Ajman Bank, stated, “In accordance with the provisions of the Memorandum, Ajman Bank will provide customers and employees of Sheikh Zayed Housing Programme with finance services that meet the needs of Emirati citizens for housing loans covering residential properties in the UAE. Initiatives such as these are aimed at widening the availability of our competitive home loans while offering choice and convenience to our customers.”

In addition, Ajman Bank will offer personal finance, vehicle finance and BRight Credit Card and other services related to the management and investment of the programme’s funds.

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. For more information visit http://www.ajmanbank.ae

For media contact:

Hina Bakht
Managing Director
EVOPS Marketing & PR
Mob: 00971 50 6975146
Tel: 00971 4 566 7355