Ajman Bank and AQAAR Join Forces to Improve Property Financing Access in Ajman
The partnership will give AQAAR customers access to Shari’ah-compliant financing for ready and under-construction homes, while opening the door to wider cooperation in real estate and banking services.
Property buyers in Ajman could benefit from improved access to home financing following a strategic partnership between Ajman Bank and AQAAR Ajman Properties Corporation.
Formalised in September 2026, the agreement aims to support customers purchasing residential properties while establishing a foundation for broader collaboration between the two organisations. The initiative brings together a local property developer and a banking institution to make financing options more accessible throughout the home-buying process.
Under the arrangement, eligible AQAAR customers will be able to access Ajman Bank's Shari’ah-compliant home finance solutions for both completed properties and developments still under construction.
Partnership Extends Beyond Home Financing
Although home finance is the immediate focus, the agreement also outlines opportunities for cooperation across several other banking services.
Ajman Bank and AQAAR plan to explore potential collaboration in project financing, escrow account services, corporate banking and employee banking. These areas could support the developer's operational requirements while broadening the range of financial services available to its customers and business network.
The proposed cooperation also creates scope for a more integrated relationship between property development and banking services in Ajman.
Supporting Property Buyers in Ajman
Securing suitable financing is an important part of purchasing a home, particularly for buyers who need to coordinate property selection, payment arrangements and longer-term financial commitments.
By connecting AQAAR customers with Ajman Bank's home financing products, the partnership aims to simplify access to Shari’ah-compliant financing options for eligible purchasers.
The availability of financing for ready and under-construction properties also addresses different stages of the residential market, including buyers seeking completed homes and those considering properties that have yet to be delivered.
However, the announcement does not specify financing rates, eligibility criteria, loan limits or approval timelines. Customers will need to confirm these details directly with the bank.
Leaders Highlight Wider Real Estate Opportunities
Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said the agreement would bring the bank's home financing services closer to customers purchasing property in the emirate. He also highlighted the potential to expand cooperation into additional banking services for AQAAR and its wider business network.
Khaled Al Hosani, Chief Executive Officer of AQAAR Ajman Properties Corporation, said the partnership forms part of the company's efforts to improve the services available to property buyers and investors.
He emphasised the importance of combining real estate development with accessible financing and supporting services. The two organisations also intend to explore further cooperation that could enhance Ajman's appeal as a destination for property investment.
What the Agreement Means for Ajman's Property Sector
The partnership highlights the role financial institutions can play in supporting residential property transactions. Closer cooperation between banks and developers can help buyers identify financing options alongside their property purchases, although individual approvals remain subject to the bank's requirements.
The planned discussions around project financing and escrow services could also create opportunities for cooperation beyond individual home purchases.
For Ajman's property market, the agreement represents a step towards closer coordination between real estate development and financial services. Its longer-term impact will depend on the financing products offered, customer eligibility and how the planned areas of cooperation develop.
As Ajman continues to attract attention from homebuyers and property investors, partnerships that connect developers with financial institutions may become an important part of the emirate's evolving residential property landscape.
