Ajman Bank forms strategic alliance with Ajman Chamber of Commerce and Industry

Ajman Bank signs agreement with Ajman Chamber of Commerce and Industry

Ajman Bank, Ajman's first Islamic commercial bank, has signed an agreement with Ajman Chamber of Commerce and Industry. The signing signifies the beginning of a long-term collaboration between the 2 parties, which will form the foundation of an institutional framework through which ideas, strategies and services can be exchanged, intended to foster sustainable development within the business community in Ajman.

Ali Essa Al Shaqoosh Al Mueen, Acting CEO, Ajman Bank, said, "Through the new alliance, we aim to provide full support to the local community and small and medium-sized projects in Ajman. Our provision of support will include in addition to banking solutions, training and technical support in the areas of marketing, finance and planning, assistance in sourcing capital, as well as the preparation of economic feasibility studies. Support will be provided through collaboration with organizations such as educational establishments and in accordance with the principles of Shariah law."

The new alliance aims to create channels for the exchange of knowledge and best practice in order to enhance the level of service they provide and support both the establishment and development of small and medium-sized enterprises. Any company registered with the Chamber, whether as joint ventures, subsidiaries of foreign companies or any other legal form of a company list registered in Ajman will have the support of both entities in all its business needs.