Ajman, UAE, June 21,2025 – The Ajman Department of Land and Real Estate Regulation has signed a Memorandum of Understanding (MoU) with Ajman Bank, marking a new chapter of collaboration aimed at advancing financial integration and enhancing banking services through innovative and digital-first solutions.
The financial integration agreement was signed by H.E. Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, and H.E. Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank.
Commenting on the signing, H.E. Eng. Omar bin Omair Al Muhairi stated: “This strategic financial integration partnership with Ajman Bank reflects our commitment to advancing the department’s digital capabilities and streamlining financial performance. Ajman Bank plays a vital role in supporting our ongoing efforts to build an agile, tech-enabled regulatory environment that responds effectively to the needs of real estate developers and investors.”
He further added that through this collaboration, the department will gain access to comprehensive, periodic reports on escrow accounts, enabling greater oversight of real estate development performance. The partnership also paves the way for more seamless financial transactions across stakeholder groups, reducing procedural complexity and delivering future-ready services grounded in speed, privacy, and operational excellence.
H.E. Mustafa Al Khalfawi, CEO of Ajman Bank, commented: “At Ajman Bank, we believe in the power of institutional collaboration to elevate the quality of financial services and financial integration. This agreement reflects our shared vision of trust, integration, and efficiency, and supports Ajman’s positioning as a competitive and investment-friendly emirate.”
This financial integration partnership serves as a model for effective synergy between regulatory bodies and the financial sector, setting the stage for a more stable, transparent, and investor-centric real estate ecosystem in Ajman.
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About Ajman Bank
Bringing the human touch back to banking. The first full-fledged Islamic bank headquartered in the emirate of Ajman, newly established Ajman Bank aims to evolve as the favorite services provider in the UAE and across the Region.
