Noor Bank is a full-service Shari’ah-compliant bank which commenced operations in Dubai in 2008. The Bank, offers a comprehensive range of products and services - in corporate and retail banking, wealth management, Takaful (Islamic insurance), treasury and trading. We have a presence across the United Arab Emirates, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.
Noor Bank is committed to bringing creative, innovative and responsible products and services to customers, tailored to suit their specific business and personal needs. Our efforts to provide professional services and build lasting relationships continue to win us new customers, including individuals, investors, institutions, companies and governments across all operations.
In addition to the esteemed Board of Directors, Noor Bank is also supervised by an Internal Shari’ah Supervision Committee, comprised of reputed scholars that oversee and ensure Islamic compliance on all legal documentations, financial, products, services and banking matters.
Noor Bank is rated “A-” IDR with a stable outlook by Fitch Ratings.
The Crown Prince of Dubai HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, beneficially owns 27.08% per cent. of the Bank. HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum is also the Chairman of the Dubai Executive Council.
The Government of Dubai, acting through Investment Corporation of Dubai (ICD), beneficially owns 23.9% per cent. of the Bank. ICD, chaired by the Ruler of Dubai, is the principal investment arm of the Government of Dubai and was established in May 2006 by decree (11) of 2006 under a mandate to consolidate and manage the Government of Dubai’s portfolio of commercial companies and investments. It also provides strategic oversight by developing and implementing investment strategy and corporate governance policies with an objective to maximise stakeholder value, for the long-term benefit of the Emirate.
The Government of the United Arab Emirates acting through the Emirates Investment Authority, beneficially owns 4.42 per cent. of the Bank. EIA was established by Emiri decree in November 2007 and is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. Chaired by HH Sheikh Mansour Bin Zayed Al Nahyan, EIA is dedicated to delivering sustained financial gains for the UAE.
No shareholder, other than HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and ICD, beneficially owns directly or indirectly more than 5 per cent of the Bank's shares.
To be recognised as the world’s best contemporary Shari’a compliant bank
Empowering people to deliver outstanding customer experiences
To make a difference for the better
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