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Ajman Bank posted a net profit after tax of AED 246 million in the first six months of 2026, a 1 percent increase from the same period a year earlier, according to a press release issued by the bank. Total revenue climbed to AED 880 million, up 17 percent year on year, while net revenue reached AED 437 million with a 10 percent gain. Non-funded income stood at AED 111 million and accounted for 25 percent of net revenue, the statement showed, underscoring the bank’s push to diversify beyond financing activities.
Total assets grew 3 percent year to date to AED 33.9 billion at the end of June, the bank said in the release. Customer financing expanded 9 percent over the same span to AED 23.3 billion amid demand in core segments. Total deposits increased 3 percent to AED 27.5 billion, with current and savings accounts rising 11 percent as the lender attracted more stable funding.
The bank’s return on equity stood at 14.3 percent and return on assets at 1.5 percent during the period, according to the statement. Asset quality improved with the non-performing financing ratio falling 171 basis points year to date to 5.3 percent. Common equity tier 1 capital reached 13 percent, while total shareholder equity amounted to AED 3.4 billion, providing a buffer for further expansion.
H.H. Sheikh Ammar bin Humaid Al Nuaimi, chairman of Ajman Bank, highlighted the results in the release. “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,” Al Nuaimi said. “We continue to build an institution anchored in the Emirate of Ajman, and focused on sustainable growth through disciplined execution.”
Mustafa Al Khalfawi, chief executive officer of Ajman Bank, pointed to operational advances in the statement. “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 noted. He added that ongoing automation and digitization initiatives have supported performance alongside prudent risk management and income diversification. The bank maintained a solid capital position that reflects customer trust, he said.
During the period the bank issued its inaugural USD 300 million additional tier 1 perpetual sukuk, the release stated, enhancing its capital base and signaling investor confidence. A report from S&P Global Ratings issued days earlier described the UAE Islamic banking sector as resilient, with such institutions expanding their share of total financings to 23.4 percent by April 2026 from 21.4 percent at the end of 2021. Ajman Bank, established in 2007 as the first Islamic lender in its emirate and listed on the Dubai Financial Market, offers Shariah-compliant services across consumer, corporate, investment banking and treasury.
