- Noor Islamic Bank
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Noor Islamic Bank 
Type Public Joint Stock Company (PJSC) Industry Banking Founded Dubai, UAE (January 7, 2008) Headquarters Dubai, UAE Number of locations 18 Area served UAE Key people H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman
Mr. Hussain AlQemzi Group CEOProducts 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 SolutionsServices Shari'a compliant Personal, SME, Corporate and Investment Banking Owner(s) Emirates Investment Authority, Noor Investment Group LLC 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.
Contents
Milestones
- January 2008: Noor Islamic Bank launches to the public
- May 2008: Noor Islamic Bank opens the UAE’s first 24x7 branch, at Sheikh Zayed Road, Dubai.
- June 2008: Noor Islamic Bank opens its first overseas office in Tunis, Tunisia
- November 2008: Noor Islamic Bank opens a 24x7 branch at Dubai International Airport, Terminal 3
- December 2008: Noor Islamic Bank secures the Dubai Holding MADHAA Award for ‘Best Launch of 2008’
- February 2009: Bloomberg rates Noor Islamic Bank among the UAE’s top ten mandated Lead Arrangers list
- April 2009: Noor Islamic Bank posted a net profit of AED 511 million for the period ended December 31, 2008. The bank also reported total assets of AED 21.8 billion and total deposits of AED 12.4 billion.
Awards
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, http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=market+news&month=November2006&file=Business_News200611277312.xml
- ^ Husain, Shakir (19 December 2006), "Two new Islamic banks in '07", Gulf News (UAE), http://gulfnews.com/business/banking/two-new-islamic-banks-in-07-1.271347
- ^ "NIB, NT bag awards at BMEPA 2011". The Gulf Today. 2011-04-03. http://gulftoday.ae/portal/e2e26a89-7c93-4ccd-b170-1071d3d34b94.aspx. 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. http://www1.albawaba.com/news/noors-alqemzi-named-ceo-year-best-islamic-bank-ceo-me-awards-2010.
External links
Categories:- Companies based in Dubai
- Banks of the United Arab Emirates
- Islamic banks
- Website stubs
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