Dubai-UAE: January 11, 2016: Noor Bank, one of the UAE’s leading Shari’a compliant banks, has added another set of industry accolades with three awards for Personal Banking from the International Finance Magazine (IFM).
The London based publication, which annually recognises financial institutions, banks and individuals for their significant contribution to the financial industry, named Noor Bank a winner in three categories: Best Rebranded Credit Card, UAE 2015; Best Islamic Auto Finance Provider, UAE 2015; Best Islamic Personal Finance Provider, UAE 2015.
“This is a worthy recognition of Noor Bank’s Personal Banking team in creating best in class products that serve the UAE market and deliver the highest standards of service,” said Hussain Al Qemzi, CEO, Noor Bank. “In continuation of the strong momentum of our Consumer Finance products this year, as well as our relentless endeavor to bring recognition to the Noor Bank brand in the Retail Banking space, I am proud to say that this endorsement is not just a confirmation of our performance but also an encouragement to push ourselves to do even better in the coming years.”
Mohsin Aikal, Head of Consumer Finance, Noor Bank, received the awards on behalf of Noor Bank at a recent ceremony in London.
The Best Rate Credit Card delivers one of the lowest profit rates in the region, offering customers a rate of 1.66% per month. Noor Bank’s Best Rate cardholders can opt to transfer outstanding balances from credit cards issued by other banks in the UAE, resulting in significant savings. The credit card not only gives one of the most competitive profit rates in the UAE but also provides the lowest cash withdrawal fee on Noor Bank ATMs, as well as zero annual fee and credit shield with job loss cover.
Noor Bank’s award winning personal finance product serves a variety of financial needs. Customers can use the convenient Personal Banking solutions to help invest in their children’s education, buy a dream home in their home country or a holiday for profit rates as low as 2.75% p.a. (per annum). Apart from a quick processing time, the bank provides convenience to customers in the form of a “pre-approval” in principle that does not require original documents to be submitted upfront.
In terms of Auto Finance, Noor Bank offers highly competitive rates for both new and used vehicles across all consumer segments. Documentation is simple while short processing times imply that customers can drive away with their dream cars in no time at all.
Apart from the three award winning products, the bank also offers a very competitive Home Finance proposition as well as a full suite of wealth management and Takaful protection products. Additionally, the bank has a dedicated proposition for SMEs in the UAE delivered though Noor Trade that caters to all the financial and banking needs of the enterprises.