Department of Finance Ajman

What Department of Finance Ajman does

The Department of Finance Ajman is a government state entity within the Emirate of Ajman, United Arab Emirates, established in 2002 under Emiri Decree and reorganized into its current form in 2012. It holds statutory responsibility for all public financial affairs of the emirate — budget preparation and execution, public revenue supervision, financial accounts, asset management, tax affairs, and procurement oversight — operating under Financial Law No. 11 of 2011 and PPP Law No. 2 of 2022. The entity serves three segments: all Ajman government departments (primary), registered suppliers and contractors via the Tawreed procurement portal, and individual residents via the AjmanPay digital wallet.

Its technology estate centers on an Oracle Cloud-based ERP called Mawarid (launched 2009) and a Unified Financial System mandated across all government entities; these are complemented by the Mawjoodat asset lifecycle platform (launched May 2026), Tawreed electronic procurement portal, AjmanPay/Sadad Ajman digital wallet (issued by First Abu Dhabi Bank and operated by Magnati under UAE Central Bank SVF regulation), a Salesforce-based iSupport portal, and an Open Data Portal exposing financial statements, fees, and statistics. Authentication is unified through UAE PASS across consumer-facing services.

Commercially, the department is funded through annual government budget appropriations rather than market revenue; the only direct fees are AED 100 for new supplier registration (free for TA'ZIZ companies and free renewal) and AjmanPay transaction fees shared with FAB. Go-to-market is institutional and policy-driven (aligned with Ajman Vision 2030), with digital-first self-serve channels and a 80070 call center. Certifications include ISO 9001, ISO 56002:2019, and CGInO Three Stars (May 2026).

Name

Department of Finance Ajman

Legal name

Department of Finance Ajman

Website

https://ajmandof.ae

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

The Department of Finance Ajman is a government entity responsible for managing all public financial affairs of the Emirate of Ajman, UAE, including budgeting, revenue collection, procurement, asset management, and digital government payments for citizens, suppliers, and government departments.

Ownership category

akta.pro rank

Product category

Government Financial Management / Public Sector Finance

NAICS

Public Finance Activities (921130)

SIC

Finance Services (6199)

akta.pro primary industry

Public Debt Management (BPAIAEAC)

Keywords

• Public financial management
• Government budget administration
• Digital payment services
• Government procurement systems
• Public asset management

Headquarters

HQ city

Al Ajman

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure

Revenue model

1. Government Budget Allocation: The Department of Finance operates as a government entity funded through annual government budget allocations from the Ajman government. The department supervises public revenues, prepares the general budget, and manages government financial affairs.
2. Supplier Registration Fees: Revenue collected from registering and qualifying suppliers to deal with Ajman government entities. Fee is 100 AED for new supplier registration (free for TA'ZIZ companies).
3. Digital Payment Transaction Fees: Revenue generation through the AjmanPay digital wallet platform for government service payments. FAB applies charges agreed with Ajman Government for execution of certain transactions using AjmanPay.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

The Department of Finance Ajman is the sole government authority managing the public financial affairs of the Emirate of Ajman. It prepares and implements the annual general budget, supervises public revenues and government accounts, develops financial legislation, and operates an integrated digital ecosystem (Unified Financial System, Mawarid ERP, AjmanPay digital wallet, Tawreed procurement portal, Mawjoodat asset management platform) to deliver financial management, procurement, digital payments, asset lifecycle management, and supplier registration services to government entities, businesses, and individual residents.

Product overview

Department of Finance Ajman operates as a multi-system financial management ecosystem rather than a single unified product. The portfolio comprises: the Unified Financial System as the foundational framework for public financial management governance; the Mawarid System (ERP) as the core operational platform providing Financial System, HR Management, and Procurement tracks; AjmanPay/Sadad Ajman as the digital payment and revenue collection solutions; the Smart Supplier Portal (Tawreed) for procurement; the Mawjoodat System for government asset management; and the Whistle Blower Portal for compliance. These systems interconnect to manage the full spectrum of Ajman government financial operations from budgeting and procurement to payments and asset tracking.

Differentiator

Problem solved

Functional benefit

Brands

• Sadad Ajman: Digital payment platform providing unified revenue collection and secure digital payment channels for government transactions.
• AjmanPay
• Mawarid System
• Unified Financial System
• Mawjoodat

Products and services

• Unified Financial System A modern system for public financial management of the Government of Ajman, used by government authorities in planning, implementing, controlling, and issuing reports on the government general budget. Provides an information and technical platform for applying rules, policies, and operations of public finance management across all government entities.
• Mawarid System (ERP) Enterprise Resource Planning system launched in 2009 to achieve integration and unification of business processes across financial and administrative operations in Ajman government departments. Includes Financial System, Human Resources Management, and Procurement and Inventory Management tracks.
• AjmanPay Digital Wallet (Sadad Ajman) Digital wallet payment solution issued by First Abu Dhabi Bank and operated by Magnati, compliant with UAE Central Bank Stored Value Facilities regulation, allowing users to perform digital payments for Ajman government services via mobile application. Available on iOS (App Store id1480682127) and Android (Google Play com.ajfd.gov.ae).
• Smart Supplier Portal (Tawreed) Electronic procurement portal for registration, qualification, and management of suppliers dealing with Ajman government authorities, including participation in tenders, supplies, and services. New supplier registration is AED 100 (free for TA'ZIZ companies); renewal is free; service period is 1 day.
• Mawjoodat System Integrated smart digital platform for comprehensive government asset management, enabling full lifecycle management of physical and digital assets with automation and advanced analytics capabilities for real-time data-driven decision-making across Ajman government entities.
• Whistleblower Portal Confidential reporting platform enabling whistleblowers to disclose information about suspected wrongdoing, illegal acts, bribery, corruption, or unethical behavior within Ajman government financial operations. Free service for the government sector.
• iSupport Technical Support Portal Salesforce-based technical support portal for users of Ajman financial systems to resolve technical issues and raise inquiries regarding financial permissions and procedures. Free service for the government sector with a 5-day service period.

Quantifiable outcome

• 75% reduction in tax reporting procedures through unified digital system
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• First Abu Dhabi Bank (FAB)coreTechnology or IntegrationFirst Abu Dhabi Bank (FAB) is the issuing bank for the AjmanPay digital wallet, providing the digital payment infrastructure under the UAE Central Bank's Stored Value Facilities regulation. FAB manages card linking, transaction processing, and wallet operations for the Ajman digital payment ecosystem.
• MagnaticoreTechnology or IntegrationMagnati (sole proprietorship LLC) operates and manages the AjmanPay digital wallet on behalf of the Department of Finance Ajman. Magnati handles the day-to-day operation of the digital payment platform, ensuring compliance with UAE Central Bank SVF regulations.
• OraclecoreTechnology or IntegrationOracle provides the cloud-based ERP system (Mawarid System) used across Ajman government departments for financial operations, human resources management, and procurement/inventory management. The Mawarid system was launched in 2009 under directives of the Ruler's Representative for Administrative & Financial Affairs.
• UAE PasscoreTechnology or IntegrationUAE PASS is the UAE's secure digital identity and signature solution used for authentication in AjmanPay wallet registration and Tawreed procurement portal login, enabling seamless identity verification across government digital services.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Abu Dhabi Department of Finance: Sister government entity responsible for managing Abu Dhabi's public finances, including budgeting, revenue collection, treasury, and financial systems. Direct functional peer at the emirate level, but operating at a materially larger scale.
• Dubai Department of Finance: Government department managing Dubai's general budget, revenues, expenditures, and treasury. Closely comparable in mandate — budgeting, revenue supervision, financial systems, and digital government payments — and operates at significantly larger scale.
• Ras Al Khaimah Government Finance: Emirate-level government finance authority serving Ras Al Khaimah with overlapping budgeting, revenue, and treasury functions. Comparable peer at the smaller-emirate level with similar structural limitations on scale.
• Sharjah Department of Finance: Emirate-level government finance department serving Sharjah with comparable responsibilities in budgeting, revenues, financial systems, and digital payments. Directly comparable in scope and geographic mandate to Ajman's DoF.

Broad incumbents

• UAE Ministry of Finance: Federal-level ministry overseeing the UAE's public finances, fiscal policy, and federal budget. Operates across all seven emirates rather than within a single emirate, and serves as the broader policy authority under which Ajman's DoF executes.
• Digital Dubai Authority: Dubai government entity driving digital transformation across city services. Adjacent peer in government digitalization, payments, and citizen-facing platforms; comparable in pursuing integrated government digital ecosystems but at city-scale.

Others

• Oracle Public Sector: Technology vendor providing the Mawarid ERP backbone and broader cloud ERP suite used by Ajman's DoF. Included as an ecosystem/technology peer rather than a direct functional peer.
• GovTech Singapore: Singapore government agency building shared digital infrastructure and citizen-facing services. Functionally aligned as a digital-government transformation peer (platforms, identity, payments) rather than a direct competitor.

Regional players

• Saudi Arabia Ministry of Finance: National-level ministry managing Saudi Arabia's public finances, budgeting, and fiscal policy. Functionally comparable for treasury and budgeting operations, but at vastly larger scale and national jurisdiction.
• Kingdom of Bahrain Ministry of Finance: GCC national-level finance ministry managing Bahrain's public budget, revenues, and treasury operations. Comparable in function (public finance administration) but operates nationally rather than at a sub-national level.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AJMANFD
• YouTubeyoutube.com/channel/UCz8gR-Z5e0V2D6x2eL9qQ0w
• Facebookfacebook.com/AjmanDoF
• LinkedInlinkedin.com/company/dofajman

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Department of Finance Ajman