Search categories/companies

You are looking for NOOR ISLAMIC BANK (PJSC) in Commercial Bank Dubai

NOOR ISLAMIC BANK (PJSC)

Last updated - 3 weeks ago
NOOR ISLAMIC BANK (PJSC) Update listingUpdate your listing
  • Phone +971-4-4268888
  • Fax +971-4-3653213
  • Box No.8822
  • CityDubai
  • LocationEmaar Square, Down Town Dubai
  • Websitewww.noorbank.com
  • Listed inCommercial Bank Dubai

Category listed

Profile

Noor Bank, which has branches across Dubai, Abu Dhabi and Sharjah and Al Ain, is a leading Islamic bank of Dubai, delivering a broad range of innovative Shari’a compliant financial products and services in the UAE. Since its inception, Noor Bank has differentiated itself from the crowd by providing excellent service that puts the customer first.

Noor Bank focuses on providing unique and personalised services – in Personal and Corporate Banking, Priority Banking, Treasury, and Wholesale Banking. Its operations are governed by a Shari’a board, of leading Islamic scholars with extensive expertise in legal, financial and banking-related matters.

The bank offers a variety of innovative services to SMEs (small and medium enterprises) through its Noor Trade business. Noor Trade offers cash management, trade, and working capital solutions, along with consumer, treasury and takaful products packaged at preferential rates, based on eligibility criteria. Noor Trade is based in Almas Tower Jumeirah Lake Towers, Deira and Sheikh Zayed Road – opposite the Noor Bank metro station.

A strategic focus for Noor Bank is technology and digitization, with an emphasis on its online and offline platforms. Recently, Noor Bank was named the 2014 winner for the ‘Best Customer Experience Overall Website’ across all UAE banks, by Ethos Integrated Solutions. In 2010 Noor Bank launched the UAE’s first fully enabled Arabic mobile banking service, giving clients access to the full internet banking experience.

In the corporate banking space, Noor Bank has processed online commodity murabaha financing transactions on the Tradeflow platform of Dubai Multi Commodities Centre (DMCC) that offers a central, online registry of ownership for commodities in the UAE. Following the successful initial transactions Noor Bank has rolled out the service for all its Corporate and SME clients.

The bank is also at the forefront of promoting Emirati talent with internal and external training, workshops and actively participating in career fairs. The bank has an Emiratisation ratio above the required quota.

In 2014, Noor Bank recorded a net profit of AED678.1 million, up 166% year-on-year. It was recently assigned a rating of ‘A-’ with a stable outlook by Fitch.

Noor Bank is 95% owned by Noor Investment Group and 5% by the Emirates Investment Authority. Noor Investment Group is 25% owned by Dubai government related entities and 75% by members of the UAE ruling families and prominent individuals in the business community.

For further details, please visit: www.noorbank.com or call 800 6667.

Keywords listed

 

See all companies listed in "Commercial Bank" category

 

 

 

Show Tech Dubai
idgme