Ajman Bank and Al Zorah Real Estate Development Company have announced the signing of a memorandum of understanding aimed at establishing a strategic partnership to enhance Sharia-compliant financing solutions for residential properties within the Al Zorah city projects.
As part of this agreement, eligible clients in Al Zorah will gain access to financing options that cover both ready-to-move-in units and off-plan projects, in accordance with the regulations set forth by the Central Bank of the UAE.
Mustafa Al Khalafawi, the CEO of Ajman Bank, stated, “Our partnership with Al Zorah reflects Ajman Bank’s commitment to supporting the real estate sector in the emirate through structured, Sharia-compliant financing solutions.”
He further added, “By broadening our financing scope to include ready units and off-plan projects, we aim to enhance access to financing while fully adhering to regulatory standards and sound risk management frameworks. These partnerships contribute to sustainable growth, build client confidence, and establish long-term value in the country’s real estate market.”