Ajman Bank, the award-winning Islamic financial services institution has decided to postpone the monthly financial installments of its customers during the Holy Month of Ramadan under its 'Spread your Blessings' initiative.
Under the scheme, all installments payable from 1st to 30th Ramadan will be deferred until the end of the tenure and the finance tenure will be extended by one month absolutely free of any charges. All salary transfer customers having Home, Personal or Auto Finance loans at Ajman Bank are entitled to benefit from this generous initiative.
Making the announcement, Mr Mohamed Zaqout, Chief Executive Officer, Ajman Bank, said, “As Ramadan is the month of blessings and giving, our offering is meant to support our customers with their financial needs during this special time. Postponing our customers' monthly installments is just one way of showing that we care for them and is part of several other initiatives planned during the Holy Month under 'Spread your Blessings' programme'.
Ajman Bank began its operations in 2008 and is the first Shariah compliant Islamic bank incorporated and headquartered in the Emirate of Ajman. It now operates 11 branches spread across the UAE. The bank provides consumers, corporations, governments and institutions with a broad range of financial products and services, including an array of tailor-made products incorporating Islamic financing techniques.
In a challenging financial environment, Ajman Bank maintained earnings momentum recording a breakthrough performance with record growth rate of 382% in 2012 year end compared to 2011 year end.