Noor Bank
 | This article needs additional citations for verification. (April 2011) |
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| Company type | Public Joint Stock Company (PJSC) |
|---|---|
| Industry | Banking |
| Founded | Dubai, UAE (January 7, 2008) |
| Headquarters | , |
Number of locations | 12 |
Area served | UAE |
Key people | H.H. Sheikh Ahmed bin Mohamed Al Maktoum, Chairman Mr. Hussain AlQemzi Group CEO |
| Products | Accounts and Services, Card Solutions, Finance Solutions, Wealth Management Solutions, Banca Takaful Solutions, Corporate and SME Banking Solutions, Global Transaction Services, Financial Institutions Solutions, Treasury Solutions, Investment Solutions |
| Services | Shari'a compliant Personal, SME, Corporate and Investment Banking |
| Owner | Emirates Investment Authority, Noor Investment Group LLC |
Number of employees | 650 (2010) |
| Parent | Noor Investment Group |
| Website | noorbank.com |
Noor Islamic Bank (abbr. NIB) was established in 2006[1][2] in Dubai, and is a Shari’a compliant commercial bank, owned by Emirates Investment Authority and Noor Investment Group LLC. It has a paid-up capital of USD 1 billion[citation needed]. The bank houses a full range of banking, investing and other financial and risk management products and services for its individual clients, small and medium sized businesses, corporations and government institutions. The bank’s products and services are governed by a Shari’a Board, comprising leading Islamic scholars with experience and expertise in legal, financial and banking-related matters. Noor Islamic Bank is a subsidiary of Noor Investment Group and sister company of Noor Takaful.
The bank launched and operates the first 24-hour, seven days a week, branch in the UAE. Its network of branches spans the UAE in the emirates of Abu Dhabi, Dubai, Sharjah. The Bank also has an overseas representative office in Tunis, Tunisia.
Noor Islamic Bank was named the ‘Best New Bank’ at the Bankers Middle East Industry Awards 2009, and ‘Best New Islamic Bank by the International Islamic Finance Forum 2008[citation needed].
H.H. Sheikh Ahmed bin Saeed Al Maktoum is the bank's chairman, and the board of directors includes Mr. Sultan Ahmed Bin Sulayem.
Awards
| This section needs additional citations for verification. (April 2011) |
| Award Year | Award By | Award Title |
|---|---|---|
| 2011 | BMEPA 2011 – Banker Middle East 2011 Product Awards | Best New Business Product & Best Insurance Product[3] |
| 2010 | CEO Middle East Awards | Hussain AlQemzi, CEO of the Year Award (Best Islamic)[4] |
| 2010 | Islamic Business & Finance Awards | Best use of technology |
| 2009 | Banker Middle East Industry Awards 2009 | Best New Bank |
| 2009 | Newsweek (Arabic) | Excellence Award: Top 20 Corporate Performers in the UAE – 2008 |
| 2009 | Islamic Finance News, Kuala Lumpur | Structured Finance Deal of the Year, UAE Deal of the Year, Best Tawarruq Deal of the Year |
| 2008 | International Islamic Finance Forum (2008) | Best New Islamic Bank |
| 2008 | MADHAA (Marketing – Dubai Holding Annual Awards) | Best Launch of the Year 2008, Bronze for ‘Best Use of Digital’, Bronze for ‘Best Consumer Insight & Understanding |
| 2008 | Bloomberg | Ranked First: Shari’ah compliant Lead Arranger of 2008, Ranked Third: Leading Islamic Finance Book Runners |
| 2008 | Thomson Reuters | Ranked First on the list of Islamic finance Book Runners and Lead Arrangers |
References
- ^ "Dubai-based investors plan $1bn Islamic bank", The Peninsula, Qatar, 27 November 2006
- ^ Husain, Shakir (19 December 2006), "Two new Islamic banks in '07", Gulf News, UAE
- ^ "NIB, NT bag awards at BMEPA 2011". The Gulf Today. 2011-04-03. Retrieved 2011-04-26.
- ^ "Noor's AlQemzi Named CEO of the Year- Best Islamic Bank at the CEO ME Awards 2010". Al Bawaba. 2010-09-22.