Ajman Bank is a leading Islamic bank in the UAE, known for providing Sharia-compliant banking and financial services. The bank focuses on offering personal and corporate banking solutions that cater to the specific needs of its clients. Established in 2007, Ajman Bank has grown rapidly due to its commitment to customer service, innovation, and adherence to Islamic banking principles. With the rising demand for Islamic banking services in the UAE and across the Middle East, Ajman Bank is preparing for its highly anticipated IPO, expected to take place in 2024.
Ajman Bank’s IPO will provide investors with the opportunity to gain exposure to the fast-growing Islamic banking sector. Although the final listing details, including the exchange and the amount to be raised, are yet to be confirmed, the IPO is expected to draw significant interest. Investors looking to diversify into the banking sector with a focus on Sharia-compliant financial services should keep an eye on Ajman Bank’s upcoming listing.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying Ajman Bank shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading Ajman Bank stocks
Let’s take a look at the fees for trading Ajman Bank shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Ajman Bank shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with Ajman Bank shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase Ajman Bank stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade Ajman Bank shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.