NIB’s collection services leverage on our expanding UAE branch network and third party service providers to deliver flexible solutions that meet your objectives of reducing costs and increasing profitability. NIB’s aim is to improve the turnaround on your receivables flow and provide a consolidated view of collections across multiple channels to facilitate reconciliation.
Cash and Cheque Collection
Noor Islamic Bank offers multiple cash and cheque collection channels to increase your receivables cycle efficiency. Same day cash-credit is possible through various channels. You can use any of the following channels for your cash and cheque collections:
- Cash & Cheque pickup and delivery from customer locations
- Incoming Fund Transfers from other banks
- Collection through Cash Deposit Machines available in key branches
- Large network of branches and automated cash deposit machines
Post-Dated Cheque Management
Noor Islamic Bank provides a complete end-to-end post-dated cheque warehousing and presentation facility. Cheques can either be picked up from your location or deposited at designated branches for secure warehousing and processing on due dates.
Noor Islamic Bank also provides comprehensive MIS on all your cheques at an agreed frequency including instrument ageing, inventory, and presentation status.