Ajman Bank signs MoU with City University College of Ajman

Ajman Bank, the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced that it has signed an agreement with City University College of Ajman (CUCA) at a special ceremony held at Ajman Bank's Head Office premises in Ajman.

The agreement represents a partnership that will benefit students and researchers at CUCA, aiming to provide students with opportunities to develop skills and careers in the banking and finance industry and to promote top level research and innovation initiatives in the field.

The agreement will open a host of opportunities for the students of CUCA including applied seminars related to the banking industry by Ajman Bank officials and industry mentors, internship programs, bank educational visits, student sponsorships, specialized banking service centers at the College premises, Advisory Board services, and research sponsorships.

The Bank will also provide the College staff and students promotional and tailored products including student credit and debit cards and student financing plans (Service Ijara - Education).

Ajman Bank staff will also benefit from this partnership through special training programs tailored and delivered by CUCA to develop their skills and competencies.

These programs include accounting, finance, auditing, management, marketing, business and management communication, leadership, organizational behavior, and human resource management. These courses will be conducted in both Arabic and English.

"Ajman Bank remains committed to its national and socially responsible role. We are very pleased to partner with CUCA, one of the premier specialized higher education providers in the country," said Mohamed Amiri, Acting CEO of Ajman Bank.

"We believe that the best investment we can make in our future is in higher education. The programs we are supporting through today's agreement will help students gain valuable knowledge and experience they will use later in their careers," he added.

Dr. Mohamed Amerah, Vice Chancellor of CUCA, commented, "We are grateful to Ajman Bank for their visionary support of this mission. Our agreement with Ajman Bank enhances our opportunities to interact and exchange ideas with professionals from the banking industry to foster dialogue that is expected to enlighten our students and create career and entrepreneurial opportunities for them. At the same time, CUCA will offer competency-based training courses to enhance existing skills with employees of the bank."

In a challenging financial environment, Ajman Bank maintained earnings momentum recording net profit growth of 75% for the year ended 31 December 2011, and a breakthrough performance for the first quarter of the current year with a 154% increase in net profit recorded by the end of March 2012.