Ajman Bank has announced the launch of Ajman Bank AccelRight Business Credit Card in collaboration with Visa. The Memorandum of Understanding between Ajman Bank and Visa was signed at an exclusive signing ceremony attended by Mr. Mustafa Al Khalfawi, CEO of Ajman Bank and Dr. Saeeda Jaffar, Group Country Manager, and Senior Vice President, GCC, Visa.

The AccelRight Visa Business Card supports corporates and businesses in the UAE to grow their businesses and comes with a wide range of benefits tailored to their needs along with flexibility and convenience to manage their expenses and working capital requirements.

Faizal Kundil, Head of Consumer Banking of Ajman Bank, said, “We are excited to introduce the Ajman Bank AccelRight Business Credit Card in collaboration with Visa. This new card has been developed to support the growth of SMEs and empower businesses with unparalleled convenience for managing company expenses effectively. It offers the perfect payment solution with a comprehensive suite of benefits designed to enhance the efficiency of business processes and improve their bottom line.”

Salima Gutieva, Visa’s VP and Country Manager for UAE, added, “We are delighted to partner with Ajman Bank on the AccelRight Visa Business Credit Card. Together, we aim to deliver outstanding advantages and value to Ajman Bank’s business customers, enhancing their ability to manage finances efficiently while enjoying exclusive privileges and offers globally. Ajman Bank AccelRight Visa Business Credit Card has been designed to provide seamless, secure and rewarding experiences to cardholders on their daily business spend from travel to leisure.”

With Ajman Bank AccelRight Visa Business Credit Card, it is easy to separate business expenses from personal expenses for seamless reconciliation. It offers convenient access to a flexible revolving line to support businesses for their working capital requirements. The card offers an array of travel benefits such as discounts at partner hotels, online travel agencies and car rentals.

Other advantages of Ajman Bank AccelRight Visa Business Credit Card include simplified VAT & corporate tax payment, Business Card Liability Waiver (BCLW) providing protection against unauthorized transactions, multi travel insurance, and global customer assistance service to report any lost stolen card, or emergency card replacement.

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About Ajman Bank

Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.

Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate’s economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike. For more information visit http://www.ajmanbank.ae

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About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Learn more at Visa.com

   The 10-year deal with Positive Zero will reduce energy expenditure by an estimated 28%, with no up-front investment required from Ajman Bank

●      Project will accelerate Ajman Bank’s journey to net zero by reducing carbon dioxide emissions by 752 tons per year (equivalent to planting 11,300 trees

●      Positive Zero’s energy efficiency arm (Taka Solutions) will manage the project for Ajman Bank from financing, design and engineering to installation, operations, and maintenance, including data analytics and monitoring.

Monday 08 July 2024– Dubai, United Arab Emirates (UAE): Ajman Bank PJSC, a leading Islamic financial services institution in the UAE, has announced a new contract with Positive Zero, that will enable huge cost and carbon footprint savings. By implementing Positive Zero’s fully financed energy efficiency solutions at their headquarters, Ajman Bank expects to save 28% on energy costs and reduce carbon dioxide emissions by 752 tons annually, equivalent to planting 11,300 trees. Positive Zero is the leader in decarbonizing businesses and communities in the Middle East through a range of on-site clean power, energy efficiency, and electric mobility solutions.

The project involves a 10-year Shared Savings Energy Performance Contract (SSEPC) delivered by Positive Zero’s energy efficiency arm (Taka Solutions), which is the leading provider of energy efficiency services in the region. It includes the implementation of eight energy efficiency measures (or EEMs) tailored to Ajman Bank’s facilities, in line with its robust commitment to environmental sustainability.

Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: “Our strategic partnership with Positive Zero marks a significant milestone in our journey towards sustainability and operational excellence. This collaboration underscores our commitment to innovation and environmental stewardship, reflecting our dedication to not only meet the financial needs of our clients but also to contribute positively to the community and environment we operate in. Leveraging on Taka Solutions’ expertise in energy management, we aim to significantly reduce our carbon footprint and operational costs, setting a new benchmark for sustainable practices in the banking industry. Our collaboration with Positive Zero and Taka Solutions is a testament to Ajman Bank’s ongoing efforts to embrace responsible banking practices that support economic growth while ensuring environmental sustainability.”

David Auriau, Co-Founder and CEO of Positive Zero, commented on the occasion: “We are excited to be working with Ajman Bank in prioritizing energy efficiency to reduce the impact of their own carbon footprint. It unlocks economic opportunities within the banking industry and supports the nationwide drive towards sustainability. Energy efficiency is an imperative to meet the country’s ambitions to become over 40% more efficient by 2050. Along with our trusted partners like Ajman Bank, we are investing and driving the widespread adoption of efficient technologies and solutions to develop more sustainable built environments and smarter cities, helping businesses substantially reduce their consumption, costs and carbon emissions.”

Positive Zero’s team provide financing, implementation, long-term operations, and proactive maintenance of the project’s implemented measures. The project is based on Positive Zero’s model of providing decarbonization-as-a-service, with no up-front investment by customers. This approach is more accessible for the many organizations who are looking to switch to more sustainable practices, such as the deployment of integrated clean energy and efficient technologies.

Positive Zero’s foundational companies have already made remarkable strides in key GCC markets. Taka Solutions, operating as the company’s energy efficiency arm, has achieved energy savings exceeding 100,000 MWh across eight sectors in the United Arab Emirates, which is equivalent to planting more than one million trees.

For more information about Positive Zero, visit www.positivezero.com.

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About Positive Zero

Positive Zero is empowering a new energy economy by enabling businesses, communities, and cities in the Middle East region to take charge of their energy future. As the leading energy transition partner for the commercial, industrial, and public sectors, Positive Zero helps businesses achieve energy savings as high as 50% by removing upfront investments and operational complexities from the onset.

Positive Zero’s decarbonization-as-a-service offering combines clean technologies with data-driven solutions in distributed solar generation (SirajPower), energy efficiency (Taka Solutions) and clean mobility (fleet electrification, charging infrastructure and clean energy on-demand with HYPR Energy), reducing cost, consumption, and carbon footprint. With our financing solutions, we offer hassle-free end-to-end services,, which means we manage the entire process from engineering, design, installation, construction, maintenance, and monitoring so that businesses can focus on what they do best.

For more information about Positive Zero, visit our website www.positivezero.com and our social media handles on LinkedIn /positivezerohq, Twitter @positivezerohq, and Instagram @positivezerohq.

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