Media Center

Noor Islamic Bank Wins Best Corporate Account Award 2013
May 05, 2013

Noor Islamic Bank (Noor) today announced it has won the ‘Best Corporate Account’ award for its ‘Noor High Yielding Savings’ portfolio at the Banker Middle East Product Awards 2013,

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Noor Islamic Bank Seeks Top Emirati Talent at UAE Careers Fair 2013
April 30, 2013

Noor Islamic Bank (Noor) has a strong presence at the UAE Careers Fair 2013, seeking to open doors for national job seekers to a wide range of educational, training and career opportunities. The event that opened today will run until 2 May at the Dubai Convention and Exhibition Centre.

Noor’s human resources team is on hand at stand C6-5 in Hall 5 to welcome potential candidates and answer their questions about a career in Islamic banking, throughout the duration of the UAE Careers Fair.

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Noor Islamic Bank Reports Net Profits of AED 75.5 Million
April 29, 2013

Noor Islamic Bank (Noor) delivered a strong performance in 2012 that has translated into a rise in profits of AED26.4 million to AED75.5 million, year-on-year.

Based on the significant progress made in 2012, the shareholders have underlined their confidence in the bank’s future performance, approving a capital injection of AED150 million. Currently, Noor Islamic Bank’s capital adequacy ratio stands at 19.54 per cent, with the tier-1 ratio at 14.1 per cent.

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DMCC Tradeflow launches electronic Commodity Murabaha trading platform for the Islamic inter-bank lending market
March 27, 2013
  • Noor Islamic Bank and Commercial Bank of Dubai completed first transaction, valued at AED 50 million, using various commodities located in DMCC Tradeflow rated warehouses
  • The Commodity Murabaha mechanism hosted on DMCC Tradeflow is the first Sharia compliant mechanism of its kind supported by commodities physically located in the UAE
Dubai Multi Commodities Centre (DMCC), a Government of Dubai Authority, today announced the inaugural Commodity Murabaha transaction on its DMCC Tradeflow platform. The transaction, which used assets from Ducab and ENOC, took place between Noor Islamic Bank and Commercial Bank of Dubai, marking the official launch of the DMCC Tradeflow Islamic product portfolio.
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Noor Awqaf Launches Ground Breaking Relief Aid Project. Strategic Partnership with New Zealand Halal Meat Industry Will Help Ease Plight of Natural Disaster and Famine Victims
March 24, 2013
Noor Awqaf, the Dubai-based joint venture between Noor Investment Group and the Awqaf and Minors Affairs Foundation (AMAF), today launched a ground breaking humanitarian project that will give aid agencies, around the world, access to relief aid Halal meat at times of natural disasters and famine.

The initiative was unveiled on the eve of the Dubai International Humanitarian Aid and Development Conference and Exhibition (DIHAD 2013), which will be attended by the world’s leading aid agencies.
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Dubai SME and Noor Islamic Bank tie up to implement Mohammed Bin Rashid Fund
March 24, 2013
Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and medium enterprise (SME) sector, and Noor Islamic Bank has formed a partnership to implement the Credit Guarantee Scheme of the Mohammed Bin Rashid Fund, announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to support Emirati entrepreneurs.
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Noor Islamic Bank Wins ‘Islamic Finance Bank of the Year’ Award at Trade & Export Middle East Excellence Awards
March 05, 2013
Noor Islamic Bank (Noor), a leading Islamic bank in the UAE, has been named the ‘Islamic Finance Bank of the Year’ at the inaugural Trade & Export Middle East Excellence Awards in Dubai.

The awards, an initiative of Trade & Export Middle East magazine, recognise organisations that play a leading role in the promotion of trade and investment in the region and that inspire others through their work. Noor Islamic Bank was cited for its pioneering contribution to Sharia-compliant finance in the UAE.
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Noor Investment Group And Awqaf and Minors Affairs Foundation Sign MoU to Establish ‘Noor Awqaf’. ‘Noor Awqaf’ Launched In Line With HH Sheikh Mohammed’s Vision To Position Dubai as the World’s Capital For The Islamic Economy
March 03, 2013
‘Noor Awqaf’ Launched In Line With HH Sheikh Mohammed’s Vision To Position Dubai as the World’s Capital For The Islamic Economy.

Noor Investment Group and Awqaf and Minors Affairs Foundation (AMAF) have signed a memorandum of understanding (MOU) to establish ‘Noor Awqaf LLC’ in the UAE. Noor Awqaf will complement the work of AMAF in offering enabling financial services to Awqaf entities around the world.
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Noor Islamic Bank Announces Appointment of New Chief Risk Officer
February 26, 2013
Noor Islamic Bank (Noor) today announced the appointment of Narendra Swarup as Chief Risk Officer (CRO). In his role, Swarup is responsible for all the risk functions of the bank. These include credit, market, operations as well as compliance and governing information security, protecting against fraud and guarding intellectual property through developing internal controls. He is also mandated to ensure the group’s compliance with government regulations and review factors that could negatively affect investments, or Noor’s diversified units.
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Take Addvantage of a Host of Free Benefits with Noor Islamic Bank’s Innovative Addvantage Account
January 09, 2013
They say nothing in life is free. But with Noor Islamic Bank’s (Noor) innovative ‘Addvantage’ account, Noor customers can take advantage of a host of free benefits, including a free lifetime Platinum credit card; free telegraphic transfers; free gym membership and free ATM withdrawals.

An ‘Addvantage’ account also offers Shari'a compliant preapproved drawing facility equivalent to half of one month's net salary for instant cash support, as well as home finance at discounted rates, online account opening and a dedicated relationship manager.
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