Liquidity Management

Effective Liquidity Management solutions enable companies to derive maximum benefits at minimal costs. Noor Islamic Bank can offer you flexible and transparent solutions to:

  • Manage volatility in cash flow
  • Optimize returns from excess cash-in-transit or locked cash
  • Ability to forecast and meet short, medium and long term cash requirements

Current Account

The Noor Islamic Bank Current Account serves as the foundation for processing your entire portfolio of business transactions, including payments, collections and investments. The account can be used for all your operating account activities.

Corporate Savings Account

The Noor Islamic Bank Corporate Savings account offers companies the flexibility of depositing excess cash in a Shari'a compliant savings account, based on Mudaraba concept, with the comfort of instant access to funds for unexpected cash flow requirements.

High Yield Savings Account

The Noor Islamic Bank High Yield Savings account provides companies an opportunity to earn Shari'a compliant returns where the funds are utilized by the bank in the Mudaraba pool, based on average deposit in the account. The higher the average monthly balance, the higher the returns.

The product can be combined with automated sweeps which offer a powerful mechanism for companies with operating accounts with Noor Islamic Bank to maximize their earnings.

Automated Sweeps / Pooling

Noor Islamic Bank sweeps and pooling solutions simplify the complex requirements that businesses have for their working capital. Sweeps are available with following features:

  • Many-to-1 and 1-to-many sweeps
  • Reverse sweeps
  • Target balancing sweeps
  • Covering sweeps
  • Standing instructions

Mudaraba Term Deposits

Noor Islamic Bank Mudaraba Term Deposits are profit bearing accounts intended for those customers who can deposit money for fixed periods of time. The fixed time period typically ranges from 1 – 12 months. Profit rates vary according to the above defined time slabs.

Customers have the ability to view all account activity online using Noor Connect – Corporate Internet Banking solution.