Ajman Bank PJSC is the UAE’s first Islamic bank headquartered in Ajman emirate — providing fully Sharia-compliant banking products including retail banking, home finance, auto finance, SME lending, and corporate banking. Listed on the Dubai Financial Market (DFM), Ajman Bank is backed by the Government of Ajman and has grown steadily since its 2008 launch.
| Full Name | Ajman Bank PJSC |
| Listed | Dubai Financial Market (DFM): AJMANBANK |
| Major Shareholder | Government of Ajman — ~25%+ |
| Banking Type | 100% Islamic Banking (Sharia-compliant) |
| Founded | 2008 — Ajman, UAE |
| Total Assets | ~AED 20+ billion (2024) |
| Branches | Ajman, Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah |
Who Owns Ajman Bank PJSC?
Ajman Bank is a publicly listed Islamic bank with the Government of Ajman as its most significant founding shareholder — holding approximately 25%+ through government-related entities. The remaining shares are held by UAE nationals, GCC institutional investors, and public shareholders via the DFM. Ajman Bank was established as part of the Ajman government’s effort to anchor a full-service Islamic bank within the emirate, providing residents and businesses with Sharia-compliant alternatives to the conventional banks that dominated UAE banking. All banking operations are overseen by an internal Sharia Supervisory Board composed of qualified Islamic scholars.
Ajman Bank’s Financial Products
As a 100% Islamic bank, Ajman Bank offers no conventional interest-based products. Its key financing structures include: Murabaha (cost-plus financing for cars, equipment), Ijara wa Iqtina (lease-to-own for property/home finance), Diminishing Musharaka (declining partnership for home purchase), and Wakala (agency-based investment deposits). The bank’s strong focus on retail home finance has made it a competitive option for UAE nationals seeking Sharia-compliant mortgages. SME financing — through Murabaha and Musharaka structures — is another key growth area as the UAE government promotes SME development.
