Media centre, News
Noor Bank has been named as winner of the ‘Critics’ Choice Best Islamic Retail Banking Brand Award 2016,’ at the World Islamic Retail Banking Conference (WIRBC) Awards 2016, hosted by UK-based Cambridge Analytica.
Noor Bank, a leading Shari’a compliant bank in the UAE, announced today that it won the ‘Risk Data and Analytics Technology Implementation of the Year Award’ at the Middle East & Africa Regional Awards 2016. The awards ceremony was hosted by the prominent financial publication, The Asian Banker.
Noor Takaful announced that it won the ‘Best Takaful Operator- UAE’ award from the ‘Islamic Business & Finance Awards 2016’ hosted by the prominent publisher, CPI Financial. The Islamic Business & Finance Awards recognise the best and most innovative organisations driving the development of the sector globally.
Noor Bank, a leading Shari’a compliant bank in the UAE, announced today that it won the ‘Best Priority Banking – UAE’ award from the ‘Islamic Business & Finance Awards 2016’ hosted by the prominent blisher, CPI Financial. The Islamic Business & Finance Awards recognise the best and most innovative organisations driving the development of the sector globally.
Noor Bank successfully closed an AED 850 million Syndicated Islamic Financing Facility for Ajman Bank. The two-year Shari’a compliant facility shall be utilised towards Ajman Bank’s future growth plans.
Noor Bank, a leading Shari’a compliant bank in the UAE, has signed an agreement with the Emirates Institute of Banking and Financial Studies (EIBFS), for the launch of its new Management Associate Programme, entitled ‘Imtiaz’ meaning excellence. Hind Al Attar, Head of Human Resources, Noor Bank and Noura Abbas Ahmed, Director, Training Department, EIBFS signed the agreement at the signing ceremony, held at the Grand Hyatt Hotel in Dubai.
Noor Bank announced today that it won Citi’s ‘Straight Through Processing (STP) Excellence Award’ for the fourth successive year. The award recognises Noor Bank’s exceptional service towards customers’ international payment transfers during 2015.
Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced the launch of an exclusive promotion designed to benefit its personal finance customers with profit rates as low as 2.49% per annum, when consolidating their debt, or availing a new personal finance. To run until 15 November 2016, the promotion serves as a value-addition to support the bank’s customers in managing their finances and credit wisely, as well as meeting their varied needs without any added pressure.
Noor Bank has committed its support for the second consecutive year, to the unique art and design exhibition that will form an important component of the upcoming edition of the Global Islamic Economy Summit (GIES 2016), held in partnership with Thomson Reuters.
Noor Trade, a division of Noor Bank providing Shari’a-compliant products and services to small and medium enterprises (SMEs), has introduced a dedicated MasterCard® Business Credit Card for its SME clients.
Mr. Hussain Al Qemzi, CEO, Noor Bank, yesterday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of Noor Bank’s US$500 million Perpetual Tier 1 capital issuance. The listing has been acknowledged with a prominent congratulatory message displayed on Nasdaq Tower in New York.
Noor Bank rings bell to celebrate listing of a USD 500 million Tier 1 Sukuk on Nasdaq Dubai
- 11 th Sukuk listing in Dubai this year reflects active market for issuers and investors
- Listing reinforces Dubai’s role as the global Capital of Islamic Economy
Noor Bank, a leading Shari’a-compliant bank in the UAE, has launched a new promotion exclusively designed for its Noor Bank MasterCard Credit and Debit card holders. The promotion, running till 31 August, will offer customers guaranteed gifts on international purchases upwards of AED 10,000.
Noor Bank, a leading Shari’a compliant bank in the United Arab Emirates, announced today that its Information Technology department was awarded with ISO certifications for Quality Management ISO 9001:2015 and Information Security Management System ISO 27001:2013 at their branch in Deira.
Noor Bank, a leading Shari’a compliant bank in the UAE, today announced that its Head of Operational Risk and Governance, Prashant Nair, was recognised with the MESA CISO 100 award at the Middle East Security Awards (MESA) 2016.
Noor Bank has successfully priced its debut perpetual US$ 500 million Tier 1 capital issuance. In the midst of multiple regional issuers on the road looking to raise capital market funding, Noor Bank was able to print its inaugural AT1 Sukuk at a very competitive pricing on the back of strong investor demand. This was the first perpetual Tier 1 issuance from UAE in 2016.
Noor Bank, a leading Shari’a compliant bank in the UAE, has bagged industry-specific awards from the prestigious Global Finance and Euromoney magazines.
Noor Bank, a leading Shari’a-compliant bank in the UAE, is participating in the Careers UAE 2016 event that opened today, in its bid to seek out aspiring UAE talent to assume strategic functions at the bank.
Noor Bank hosted a group of students from Paris Dauphine University for a third consecutive year, to discuss the various challenges and prospects of the Islamic Banking industry. The seminar, which took place at the bank’s head office located in Emaar Square, Dubai, was a part of Paris Dauphine University’s two-week roadshow to the Gulf, which included the UAE, Qatar and Bahrain.
2015 Financial Performance Highlights:
-Operating income of AED 1,397 million, a robust growth of 38% in comparison to 2014;
-Net operating profit of AED 561 million during 2015;
-Total assets grew to AED 39.5 billion, an increase of 36% compared to December 2014;
Noor Bank, a leading Shari’a compliant bank in the United Arab Emirates, recently organised a visit for its employees to the Family Gathering Centre for the Elderly as part of the bank’s commitment to engage and support noteworthy community initiatives.
Noor Bank, a leading Shari’a compliant bank in the UAE, has become among the few banks in the UAE to have its service delivery framework certified for ISO 9001:2015 standard, during the course of its journey towards emerging as a global financial icon in Dubai.
Hussain Al Qemzi, CEO, Noor Bank, collected two awards at the EMEA Finance Middle East Banking Awards 2015 last week.
Noor Bank, a leading Shari’a compliant bank in the United Arab Emirates, today launched a limited-period offer that gives customers a guaranteed gold bar or gold coin for new Wakala deposits, ranging between AED 250,000 to AED 2.5 Million for a minimum tenor of one year. Valid until 26 February 2016, customers can also avail the offer on Wakala bookings made in equivalent US Dollars.
Noor Bank, one of the UAE’s leading Shari’a compliant banks, has added another set of industry accolades with three awards for Personal Banking from the International Finance Magazine (IFM).
Noor Trade, a division of Noor Bank providing Shari’a-compliant products and services to small and medium enterprises (SMEs), has signed an agreement with the Mohamed Bin Rashid Fund (MBRF), an initiative of Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, to support small and medium sized businesses owned by UAE nationals.