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Ajman Bank PJSC reported net profit after tax of AED246 million for the six months through June, according to a press release distributed via Zawya. Total revenue reached AED880 million, a 17 percent rise from the year-earlier period, while net revenue increased 10 percent to AED437 million. Non-funded income stood at AED111 million and accounted for 25 percent of net revenue, the bank said in the statement, reflecting its push to broaden income sources beyond financing.
The lender’s total assets stood at AED33.9 billion at the end of the period, up 3 percent from the start of the year, the statement showed. Customer financing grew 9 percent year to date to AED23.3 billion amid demand in core segments, and total deposits rose 3 percent to AED27.5 billion. Current and savings account balances increased 11 percent, supporting a more stable funding profile.
Profitability ratios remained solid with return on equity at 14.3 percent and return on assets at 1.5 percent, according to the bank’s figures. The Common Equity Tier 1 ratio stood at 13.0 percent on shareholder equity of AED3.4 billion. Asset quality improved as the non-performing financing ratio fell 171 basis points year to date to 5.3 percent, the statement said.
During the period Ajman Bank completed its inaugural USD300 million Additional Tier 1 perpetual non-call 5.5-year sukuk issuance, a step that strengthens its capital base and expands its presence in regional and international capital markets. The transaction drew strong investor interest, the bank noted, and will support its growth plans. Ajman Bank, established in 2007 as the first Islamic bank in the emirate and listed on the Dubai Financial Market, offers Sharia-compliant services across consumer, corporate, investment and treasury segments.
H.H. Sheikh Ammar Bin Humaid Al Nuaimi, chairman of Ajman Bank, said in the statement, “Ajman Bank’s performance in the first half of 2026 reflects the strength of our strategy, the resilience of our institution, and the confidence placed in us by our customers and partners. We continue to build an institution anchored in the Emirate of Ajman, and focused on sustainable growth through disciplined execution. These results demonstrate our ability to create lasting value while supporting the evolving financial needs of individuals, businesses, and government entities.”
Mustafa Al Khalfawi, chief executive officer of Ajman Bank, said the first half results demonstrate the successful execution of the bank’s strategy. “The first half of 2026 reflects another strong period for Ajman Bank, demonstrating the effectiveness of our strategic priorities and the strength of our financial foundations,” Al Khalfawi said in the statement. “Our focus on disciplined growth, diversified income generation, prudent risk management, and operational excellence continues to support sustainable performance, which is supported by intense ongoing automation and digitisation initiatives.”
