Ajman Bank and National Bonds Partner to Drive Shari’ah-Compliant Financial Inclusion in UAE

Quick Summary

Ajman Bank and National Bonds have signed a strategic MoU to enhance Shari’ah-compliant savings and financial solutions in the UAE. This partnership aims to improve financial inclusion by providing lower-income earners and first-time savers with accessible investment tools and advanced retail banking infrastructure to ensure long-term resilience.

How Does the Ajman Bank and National Bonds Partnership Improve Financial Inclusion?

The collaboration between Ajman Bank and National Bonds is designed to bridge the gap for segments of the population often overlooked by mainstream financial products. By focusing on Shari’ah-compliant savings, the two entities are targeting lower-income earners and first-time savers who require low-entry-barrier instruments. The initiative leverages Ajman Bank’s extensive retail banking infrastructure to distribute National Bonds’ specialized savings products across a wider geographic reach.

• Reduced Complexity: Simplifying the onboarding process for new investors.
• Cost Efficiency: Lowering the practical barriers to entry for long-term savings.
• Market Reach: Utilizing Ajman Bank’s physical and digital presence to reach underserved communities.

What Results Has National Bonds Delivered to Date?

National Bonds brings two decades of expertise to this partnership, having successfully built a savings culture within the UAE. The organization currently supports over one million savers, providing a robust foundation for this new collaboration. By integrating these proven savings instruments with Ajman Bank’s advanced banking capabilities, the partnership seeks to scale these results and reshape how UAE residents approach long-term financial planning.

• 1 Million+ Savers: A massive existing user base benefiting from Shari’ah-compliant tools.
• 20 Years Experience: Decades of specialized knowledge in the UAE investment landscape.
• Strategic Growth: Aligning with the UAE’s evolving financial services sector goals.

"This partnership unites two institutions with a shared belief: that every individual in the UAE deserves the tools to build a more secure financial future through Shari'ah-compliant solutions. National Bonds has spent two decades nurturing a savings culture now embraced by more than one million savers, and together with Ajman Bank we can extend that impact - pairing our long-term savings expertise with Ajman Bank's advanced banking capabilities. Our ambition reaches beyond joint products: it is to reshape how people across the UAE plan, save, and think about their financial future." said Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds.

How Will This Collaboration Drive Innovation in Islamic Finance?

The MoU establishes a framework for joint marketing initiatives and the development of value-added services that prioritize the customer experience. Mustafa Al Khalfawi, CEO of Ajman Bank, emphasized that the focus remains on sustainable growth and delivering long-term value to stakeholders. This partnership is not just about product distribution; it is about creating a collaborative ecosystem that empowers individuals through financial education and innovative banking services.

FF NEWS TAKE:

This partnership definitely moves the needle for Shari’ah-compliant savings in the region. By combining a major retail bank with the UAE’s leading savings provider, the duo is tackling the critical issue of financial inclusion head-on. For the industry, this signals a shift toward ecosystem-led banking where specialized investment products are seamlessly integrated into traditional retail workflows, ultimately benefiting the mass-market consumer.