Ajman Bank P.J.S.C Review
The Right Islamic Bank for Sharia-Compliant Banking in the UAE?
Editor’s Verdict for Ajman Bank
Ajman Bank is a fully Sharia-compliant Islamic financial institution and the first Islamic bank incorporated in the Emirate of Ajman. Founded in 2007, listed on the Dubai Financial Market in 2008, and operational since 2009, the bank offers a complete range of Islamic banking products built around Murabaha, Ijarah, Wakala, Mudarabah, and Sukuk structures. Headquartered in Ajman with a compact, carefully placed branch network across the UAE, it positions itself as a community-oriented bank with a strong base in Ajman and the Northern Emirates.
✓ Best For
- Customers who specifically want fully Sharia-compliant, interest-free banking
- Residents and businesses based in Ajman, Sharjah, and the Northern Emirates who value a local bank
- UAE nationals and salaried residents looking for Islamic savings, finance, and card products
- SME owners seeking Islamic business accounts and trade finance close to home
✗ Not Ideal For
- Customers who need a very large nationwide branch and ATM footprint
- Frequent international travelers expecting an extensive global rewards and lounge program
- Users who prioritize a flawless, bug-free mobile app experience
Quick Facts
| Bank Type | Islamic / Commercial / Retail / SME (Sharia-compliant) |
|---|---|
| Founded | 2007 (listed on DFM in 2008, operations from 2009) |
| Headquarters | Al Ettehad Street, Meshairef, Ajman, UAE (P.O. Box 7770) |
| Branch Network | Branches across Abu Dhabi, Al Ain, Dubai, Sharjah, Ajman, Ras Al Khaimah, and Fujairah |
| Banking Model | 100% Islamic (Murabaha, Ijarah, Wakala, Mudarabah, Sukuk) |
| Mobile App | Ajman Bank One (iOS rating: 4,7/5) |
| Online Banking | Ajman Bank Online Banking |
| Languages Supported | English, Arabic (phone banking) |
| SWIFT/BIC Code | AJMNAEAJ (AJMNAEAJXXX) |
| Listing | Dubai Financial Market (DFM) |
📍 Branch Locator
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Ajman Bank Pros & Cons
✓ Pros
- Fully Sharia-compliant
Every product is structured under Islamic finance principles with no conventional interest - Strong local presence
A go-to bank in Ajman and the Northern Emirates with conveniently located branches - Full product range
Personal finance, home finance, auto finance, cards, and business banking under one roof - UAE national focus
Tailored products and priority service for UAE nationals and government employees - Digital onboarding
The Ajman Bank One app supports account access and IPO/Sukuk subscriptions
✗ Cons
- Smaller network
Far fewer branches and ATMs than the large national banks - App stability
Customer reviews report frequent crashes and slow data loading on the app - Limited travel perks
Rewards and lounge benefits are modest compared to the big travel cards - Balance conditions
Some accounts and offers require maintaining a minimum balance - Service consistency
Branch and call-centre experience can vary during peak periods
Ajman Bank Popular Products
Islamic Current & Savings Account
Most Popular
Who it’s for: Salaried residents and UAE nationals who want everyday banking that is fully Sharia-compliant.
Ajman Bank’s current and savings accounts operate on Islamic principles, with savings accounts structured under Mudarabah so customers share in profit rather than earn interest. Accounts come with a debit card, online and mobile banking access through Ajman Bank One, and a chequebook on eligible current accounts. Salary transfer customers can unlock preferential terms on personal finance and cards.
Ajman Bank Covered Card (Islamic Credit Card)
Sharia-Compliant
Ajman Bank’s covered cards work as Sharia-compliant alternatives to conventional credit cards, charging fees and profit under an Islamic structure rather than interest. Cards offer everyday spending convenience, online and contactless payments, and rewards or cashback depending on the tier, with options that suit both salaried customers and UAE nationals.
Islamic Home & Auto Finance
For Big Purchases
Who it’s for: Residents and nationals financing a home or vehicle without conventional interest.
Home finance is offered under Ijarah and Murabaha structures, and auto finance under Murabaha, so the bank buys the asset and sells or leases it to you at an agreed profit. This makes monthly instalments predictable and fully Sharia-compliant. Eligibility depends on income, employer, and the value of the property or vehicle.
Ajman Bank Hidden Fees & Charges
Understanding the fee structure prevents unpleasant surprises. Exact figures depend on your account and package, so always confirm against the bank’s current schedule of charges:
Digital Experience
Ajman Bank One Mobile App
The Ajman Bank One app is the primary digital channel for retail customers. It handles account access, transfers, card management, and IPO or Sukuk subscriptions without a branch visit.
What works well: Day-to-day banking such as balance checks, fund transfers, bill payments, and card controls are available in one place. The app also supports government and Sukuk subscriptions directly through the menu, which is convenient during offerings.
What frustrates users: Customer reviews mention occasional crashes, slow data loading, and tasks that still require calling the contact centre. If you rely heavily on a polished mobile experience, test the app early.
Online Banking
The web portal at ajmanbank.ae provides account management, transfers, and service requests. It covers core needs reliably, though some complex requests may still require branch or call-centre support.
Ajman Bank Contact Information & Support
Customer Service
Call Centre (24/7)
From Outside UAE
Priority / VIP (Toll Free)
Treasury Sales
Treasury Sales
Investor Relations
Priority Phone Banking (AB VIP)
Headquarters
Al Ettehad Street, Next to Etisalat Business Center, Meshairef
Ajman, UAE
P.O. Box 7770
Quick Actions
Ajman Bank SWIFT / BIC Code
Ajman Bank P.J.S.C operates under a single SWIFT/BIC code, which is used for all incoming and outgoing international wire transfers. The code ending in XXX refers to the bank’s head office. Use it together with the recipient’s IBAN when sending money to an Ajman Bank account.
| SWIFT Code | Branch / Department | Emirate | Address |
|---|---|---|---|
| AJMNAEAJ | Head Office | Ajman | Al Ettehad Street, Meshairef |
If you’re not sure what this means, see what is a SWIFT code. To browse every bank, open the full UAE SWIFT code table, or check this SWIFT code.
Ajman Bank Branch Network
Ajman Bank operates a focused branch network across the UAE, with its strongest presence in Ajman and the Northern Emirates. The branches listed below are taken from the bank’s official branch locator. All branches offer Sharia-compliant retail and business banking services.
Abu Dhabi
| Branch | Address | Phone |
|---|---|---|
| Al Ain Branch | Ajman Bank, Al Ain Branch, Sheikh Khalifa Bin Zayed St, Abu Dhabi, UAE | +971 600 555522 |
| Dalma Mall Branch | Inside Dalma Mall, 1st Floor, Al Wazn St, Mussaffah, Abu Dhabi, UAE | +971 600 555522 |
| Khalidiya Branch | Bldg 428, Zayed First St, Opposite to Coop, Khalidiya, Abu Dhabi, UAE | +971 600 555522 |
Dubai
| Branch | Address | Phone |
|---|---|---|
| Deira Branch | 785C+J4V, Deira, Riggat Al Buteen, Dubai, UAE | +971 600 555522 |
| Sheikh Zayed Road (SZR) Branch | Sheikh Zayed Road Dubai Branch, UAE | +971 600 555522 |
Sharjah
| Branch | Address | Phone |
|---|---|---|
| Zawaya Walk Branch | Al Shahba Mughaidir Suburb, Sharjah, UAE | +971 600 555522 |
Ajman
| Branch | Address | Phone |
|---|---|---|
| Khalifa Branch | Khalifa Street, Ajman, UAE | +971 600 555522 |
| Main Branch | Al Ettehad St, Next to Etisalat Business Center, Meshairef, Ajman, UAE | +971 600 555522 |
| Masfout Branch | Inside Ajman Court, Sheikh Ammar bin Humaid St, Near Ajman university, Al Jurf 2, UAE | +971 6 705 8812 |
| Sanad Service Center Branch | Inside Sanad Service Center, Ground Floor, Next to Masjid Obaid Al Shaali, Ajman, UAE | +971 600 555522 |
| Sheikh Rashid Bin Saeed Al Maktoum St Branch | Bldg C1, Sheikh Rashid Bin Saeed Al Maktoum St, Next to Emirates Express, Ajman, UAE | +971 600 555522 |
Ras Al Khaimah
| Branch | Address | Phone |
|---|---|---|
| RAK Branch | Next to Health First Pharmacy, E11, Al Nadiyah, Ras al Khaimah, UAE | +971 600 555522 |
Fujairah
| Branch | Address | Phone |
|---|---|---|
| Fujairah Branch | Al Sharia-1, Al Gamlasi building, plot no- 16, Showroom-1, Block-B, Fujairah, UAE | +971 600 555522 |
Information may change – verify current terms on the official Ajman Bank website before making financial decisions. This page is for informational purposes only and does not constitute financial advice.
FAQ – Ajman Bank P.J.S.C
Is Ajman Bank a fully Islamic bank?
Yes. Ajman Bank is a fully Sharia-compliant Islamic bank. All of its products, including accounts, cards, and financing, are structured under Islamic principles such as Murabaha, Ijarah, Wakala, and Mudarabah, with no conventional interest.
How do I open an Ajman Bank account as a resident?
Residents typically need a valid passport, Emirates ID, residence visa, and proof of income such as a salary certificate. You can start at any branch or through the Ajman Bank One app and online channels. Bring proof of address if requested.
Can non-residents open an account?
Account availability for non-residents depends on the bank’s current policy and the product. Non-resident options usually require additional documentation and may have higher balance requirements. Contact the bank directly to confirm eligibility before applying.
What is the minimum balance requirement?
Requirements vary by account type and package. Some accounts charge a fall-below fee if the balance drops under the required threshold, while salary accounts and certain national packages may be exempt. Check the schedule of charges for your specific account.
What is the Ajman Bank SWIFT code?
The SWIFT/BIC code for Ajman Bank P.J.S.C is AJMNAEAJ, also written as AJMNAEAJXXX, which refers to the head office. Use it with the recipient’s IBAN for international transfers.
How long do international transfers take?
Standard SWIFT transfers usually take 1–3 business days depending on the destination country and the receiving bank. Times can vary with currency, cut-off times, and intermediary banks.
How do I close my Ajman Bank account?
Visit a branch with your Emirates ID and debit card, clear any outstanding balances, and cancel linked services such as cards or financing first. An early closure fee may apply if you close shortly after opening. Confirm current requirements with the branch or call centre.
What should I do if my card is lost or I suspect fraud?
Call the 24/7 contact centre immediately on 600 555522 (or +971 600 555522 from abroad) to block the card and report suspected fraud.
What are the requirements for Islamic finance or home finance?
Eligibility generally depends on your income, employer, residency status, and the value of the asset being financed. You will usually need an Emirates ID, salary certificate, bank statements, and property or vehicle details. Contact the bank for an assessment specific to your case.
Where is Ajman Bank’s head office?
The head office is on Al Ettehad Street, Meshairef, Ajman, UAE (P.O. Box 7770). The bank’s contact centre number is 600 555522.
