Page 48 - Magazine Jan 2025

Ajman Bank Joins the Housing Loan

Financing Policy of “Zayed Housing”

2024 ربوتكأ 09
The Ministry of Energy and private sectors, to facilitate the financing Speaking about the agreement, Mustafa
Infrastructure, represented by the of housing loans for citizens benefiting Al Khalfawi, CEO of Ajman Bank, said:
Sheikh Zayed Housing Programme and from the programme. “We are pleased to cooperate with the
Ajman Bank, signed a memorandum Ministry of Energy and Infrastructure,
His Excellency said: “The cooperation
of understanding on the sidelines of represented by the Sheikh Zayed Housing
between the Sheikh Zayed Housing
the programme’s activities on the Programme, to provide comprehensive
Programme and Ajman Bank contributes
occasion of World Habitat Day, under real estate financing solutions for UAE
to achieving our aspirations to ensure
which housing loans will be financed by
decent and suitable housing for UAE citizens.
the bank, as part of implementing the
citizens, and this will allow us to diversify This strategic partnership reflects our
housing policy, to finance government
financing options for projects that meet steadfast commitment to the UAE’s
housing programme loans, with the
our standards while increasing the national agenda of enhancing access
programme financing the interest on
pace, size and quality of delivery of new to easy financing for Emirati citizens to
the loan on behalf of the citizen.
homes.” His Excellency stressed that the improve their lifestyle. Ajman Bank, being
Ajman Bank becomes the fifth national
programme reflects the vision of the wise the only bank added to this prestigious
bank to participate in the housing finance
leadership to enhance the welfare of the programme, has achieved a significant
policy, alongside Abu Dhabi Islamic Bank,
UAE society by providing housing that milestone and is a testament to the
First Abu Dhabi Bank, Dubai Islamic Bank
meets the needs of citizens, taking into trust placed in it. We look forward to
and Emirates NBD. His Excellency Eng.
account the standards of sustainability empowering citizens with the financial
Mohammed Al Mansouri, Director of
and urban development, and that the UAE support they need to turn their dream
the Sheikh Zayed Housing Programme,
government strives through its ambitious of home ownership into a reality. This
explained that the memorandum aims
to enhance cooperation between the initiatives and projects to achieve collaboration will positively impact
programme and Ajman Bank, which urban sustainability and provide decent both new and existing beneficiaries of
will contribute to the sustainability of housing for citizens. We are pleased to the Sheikh Zayed Housing Programme
funding sources and meeting current cooperate with Ajman Bank to achieve and will drive progress, in line with the
and future housing needs, and enhancing our aspirations to enhance welfare and priorities of our wise government for the
partnership between the public and quality of life. advancement and welfare of its citizens.”

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