Ajman Bank, a leading Islamic financial institution compliant with Sharia law in the UAE, organized an informative seminar focused on corporate taxation in collaboration with MICS. The event aimed to equip clients from the business sector, particularly small and medium enterprises, with the knowledge to adapt to new tax regulations and enhance their compliance readiness.
The seminar highlighted the latest updates regarding the corporate tax framework in the country, emphasizing practical insights to aid attendees in understanding essential compliance requirements and ensuring adherence.
The event attracted a distinguished group of financial experts, banking executives, and leaders of small and medium businesses who engaged in informative sessions, interactive discussions, and networking opportunities.
In his opening remarks, Faisal Qandeel, Head of Retail Banking at Ajman Bank, stated, “As regulatory frameworks evolve, especially with the implementation of corporate tax, it is crucial for businesses, particularly small and medium-sized ones, to keep pace with these changes. At Ajman Bank, we believe our responsibility as a financial partner goes beyond banking transactions; we are committed to empowering our clients with strategic insights, specialized guidance, and tailored support to navigate complexities, ensure compliance, and achieve sustainable growth.”
The seminar featured specialized sessions led by experts from MICS, including Kingal Sambit, Co-Manager (FCA) with extensive experience at PwC India, Kushal Kumar, Manager (CA) specializing in transfer pricing and international taxation, and Pratik Tooshniawal, an international expert in global tax structuring.
Key topics covered in the presentations included compliance timelines, tax exemptions, documentation requirements, allowable deductions, and both financial and non-financial disclosures. An interactive session was also held to address participant queries.
At the conclusion of the seminar, Jyoti Ranjan, Head of Business Banking at Ajman Bank, expressed, “Ajman Bank takes pride in being a strategic partner for our small and medium enterprise clients by providing the guidance and support necessary to navigate regulatory changes and foster their sustainable growth.”
The event wrapped up with an informal networking session where participants had the opportunity to share experiences and establish professional connections. Ajman Bank continues to solidify its reputation as a trusted banking institution supporting the small and medium enterprise sector through comprehensive financial solutions, knowledge empowerment, and a market-focused vision aimed at client success.