HeadquartersAjman, UAE
IndustryBanking, Financial Services

About

Ajman Bank is an Islamic bank headquartered in Ajman and listed on the Dubai Financial Market. Its company profile says it was established in 2007 as the first Islamic bank incorporated in Ajman, listed in February 2008 and began operations in 2009 from two branches in Ajman. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, chairs its board. For the first nine months of 2026 it reported total revenue of AED 1.35 billion, up 12%, and profit before tax of AED 352 million.

Key figures

AED 1.35 billionTotal revenue9M 2026▲ +12% vs 9M 2025
AED 670 millionNet revenue9M 2026▲ +2%
AED 340 millionOperating profit before impairment9M 2026
AED 352 millionProfit before tax9M 2026
5%Non-performing financing ratio30 Sep 2026▼ down 203 basis points since the start of 2026

Figures are as published by the sources listed on this page. Where a figure comes from the company itself we have not audited it.

Scope of operations

  • Islamic banking, headquartered in Ajman
  • A new corporate office in Dubai announced by the bank

Founders and key people

  • Sheikh Ammar bin Humaid Al Nuaimi Chairman of the Board and Crown Prince of Ajman
  • Sheikh Rashid bin Humaid Al Nuaimi Vice Chairman

Timeline

  1. 2007Established as the first Islamic bank incorporated in Ajman (company profile)
  2. 2008Shares listed on the Dubai Financial Market (February)
  3. 2009Begins operating from two branches in Ajman
  4. 2023Mustafa Mohammed Saeed Al Khalfawi becomes CEO (1 September)

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