Our Management

Mustafa Al Khalfawi

Group Chief Executive Officer

Salem Al Shamsi

Group Chief Operating Officer

Founder member of Ajman Bank since 2008.
Highly skilled executive with 18 years of Banking experience.
A dynamic Leader with thorough understanding of banking industry and a diversified track record in business management, people management, banking solutions, public relations, government relations, business development negotiations with Ultra High Net worth clients and profitable segmentation strategies.
USA graduate from Eckerd University- fits well amongst entrepreneurs, leaders and innovators of a dynamic and growing banking sector - leveraging his professional experience, knowledge and leadership skills.

Faizal Kundil

Group Head of Consumer Banking

Joined Ajman Bank in January 2021
Retail Banking, Sales & Distribution Specialist with over 25 years of experience in the banking industry
Worked previously with Citibank, Standard Chartered Bank, Dubai Islamic Bank, Emirates Islamic Bank and FAB Group
High-profile diversified experience in Strategic Planning, Product Marketing & Management, Sales Development and Consumer Finance
Holds a Certificate in Accelerate Leadership Program from Harvard Business School and Bachelor’s Degree in Commerce from Delhi University, India

Maryam Al Shorafa

Group Chief Corporate Communication Officer

Joined Ajman Bank in January 2008
Worked with Higher Colleges of Technology – Women’s College before joining Ajman Bank.
Played a major role in leading and orchestrating the launch of Ajman Bank in 2009.
Elected as Secretary General of Ajman Businesswomen Council in 2012.
Holds a Higher Diploma in Business Management from HCT - Dubai Women’s College & Post-Graduate Certificate in Educational Technology from University of Southern Queensland.

Omar AlNuaimi

Group Chief Human Resources Officer

VP – Head of Human Capital
Joined Ajman Bank in December 2008
Over 17 years of progressive experience in the talent management, Emiritization ,Human Capital planning, Systems, policies & organizational structuring .
Worked previously for Mashreq Bank and NBAD.
Master of Business Administration with concentration in Strategic management & leadership

Rahul Talwalkar

Group Chief Credit Officer

Joined Ajman Bank in Feb 2024
Over 25 years of experience in banking.
Prior to joining Ajman Bank, he worked Saudi Global Enterprise as a Senior Consultant (BAIN Advisory) and Designated as the Risk & Compliance Director
He Began his banking career at ING Bank then moved to First Abu Dhabhi Bank as a Senior Managing Director & Head of Credit Investment Banking

Thaera Taryam

Acting Group Chief Customer Officer

Joined Ajman Bank in Aug 2018
Over 26 years of experience in banking.
Prior to joining Ajman Bank, she was a Senior Branch Manager in Emirates Islamic Bank

Badreldin Elmogadam

Group General Counsel & Board Secretary

Joined Ajman Bank on 2008
Over 18 years of experience in the legal field
13 years of experience in GCC where he worked as external and in-house legal counselor in the banking sector, including 6 years in Islamic banking

Dr. Fazal Rahim

Group Head Of Internal Sharia Control & ISSC Secretary

Joined Ajman Bank in April 2009
Over 20 years of banking experience including 11 years managerial experience in Sharia consultancy, Sharia Audit and Sharia Coordination
Worked for leading local and regional Islamic Financial Institutions
Holds master degree in Economics with specialization in Economics of Islam
A certified Sharia Adviser and Auditor by AAOIFI – Bahrain
Sit on number of Sharia Boards and member of various Islamic Banking committees within the UAE

Muhammed Iqtadar

Group Head of Compliance

Joined Ajman Bank in September 2008, seasoned professional with over 25 years of experience inclusive of 22 years in banking sector.
Extensive & diversified experience in Internal and External Audit, Accounting & Finance, Risk Management, Fraud, Compliance, Financial Crime, Internal Control, Governance and Quality assurance etc. Before taking up his current post, he was Head of Operational & Fraud Risk Management in Risk management division.
Worked previously for Habib bank AG Zurich (HBAGZ), Commercial Bank International (CBI), ORIX leasing, and Ernst & Young.
Throughout his career, Iqtadar has obtained numerous Qualifications & Certifications including ACMA (UK), CGMA (USA), CPA, CAMS (USA), CFE (USA), CICA (USA), AFA (UK), AICB, CISA, CISM, CRISC, CGEIT, PMP, GRCP, GRCA, FMVA, CPIA and CACM etc.
Alongside this, he has completed several specialized post-graduate certifications from several leading global business schools. i.e. IBA, MIT (USA), IMI and MBA from University of Northampton (UK). etc

Majdi Darwish

Group Chief Internal Auditor

Joined Ajman Bank in Feb 2020
Over 22 years’ experience in the financial sector, including 15 years in the banking industry.
Worked previously for Sharjah Islamic Bank (SIB), Qatar International Islamic Bank (QIIB) and Ernst & Young
High-proﬁle diversified experience in Internal Audit & External Audit, Governance, Risk Management, Internal Control, Accounting, Fraud and Quality Assurance
Holds a Bachelor Degree win a Major in Accounting and is Certified Internal Control Auditor (USA), Certified Bank Auditor (USA), Certified Risk Professional (USA), Certified Fraud Examiner (USA – ACFE Board), Certified Internal Auditor (USA – IIA Board), Certified Public Account (USA – AICPA Board)

Rana M. Saud Khalid

Group Chief Risk Officer

Joined Ajman bank in January 2013.
Career spanning over 18 years in a wide spectrum of Risk Management, Direct Investments and Investment Banking, with prestigious local and international Banks.
Rana Saud has played an active role in overall Bank’s progress, especially setting up of Risk Management function at Ajman Bank. He was identified and trained as a candidate to take on a leadership role at the bank. After serving at various Risk Management positions he served as Deputy Chief Risk Officer for over 2 years, before appointment as Chief Risk Officer.
He is a graduate from King’s College London.

Tuan Ahamath

Acting Head of Treasury

Over 30 years of experience in banking industry in which 25 years in the Treasury management in various positions.
Joined Ajman Bank in June 2018.
Prior to joining Ajman Bank, worked with Dubai Islamic Bank and Noor Bank and was a pioneer member of setting up Treasury at the formation. Began his career at Emirates Bank, Colombo branch and at Seylan bank - Sri Lanka.
Holds a Bachelor’s Degree in Business Administration and an ACI certificate holder.