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Noor Bank is a full-service Shari’a-compliant bank, offering a range of products and services - in corporate and personal banking, wealth management, Takaful (Islamic insurance), treasury and trading. It has presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.
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In addition to the Board of
Directors, Noor Bank is also supervised by a Shari’a Supervisory Committee, and a team of scholars oversee and ensure Islamic compliance on all legal documentations, financial, products, services and banking matters.
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list by
Bloomberg. That year, Noor Bank posted a net profit of US$ 139 million for the period ended December 31, 2008. After reporting an operating loss of US$ 2.5 million in the first half of 2010, the bank realized an
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In May 2008, the bank launched the first 24-hour, seven-days-a-week branch in the UAE. In
November 2008, the bank opened a 24/7 branch at the Dubai Airport. In February 2009, the bank was ranked in the top ten
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In 2013, Noor Bank launched Noor Trade, a division of the bank directed at servicing small and medium enterprises (SMEs). Noor Trade is composed of two divisions, Business
Banking and Emerging Corporates.
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On 7 January 2014, the bank dropped 'Islamic' from its name, becoming 'Noor Bank' as part of a rebranding effort. That same year, the bank reported that its income had tripled.
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opened Noor Bank to the public on
January 7, 2008. The bank's products and services are governed by a Shari’a Board, composed primarily of
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from the fields of law and finance. Noor Bank is a subsidiary of Noor
Investment Group LLC and a sister company of Noor Takaful.
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As of 2016, Sheikh Ahmed Bin
Mohammad Bin Rashid Al Maktoum is the bank's chairman, and the board of directors includes
466:"His Highness Sheikh Ahmed bin Saeed Al Maktoum Inaugurates Noor Islamic Bank's Branch at Dubai Airport Terminal 3"
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192:(formerly Noor Islamic Bank) was established in January 2008, in Dubai, United Arab Emirates.
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In 2018, the bank was ranked the 11th largest bank in the UAE in terms of asset size.
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414:"Noor's Al Qemzi Named CEO of the Year- Best Islamic Bank at the CEO ME Awards 2010"
516:"Noor Islamic Bank Posts AED 85 Million Net Profit for the Period Ending June 30th"
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of US$ 56.4 million by the second quarter of 2011. Noor Bank partnered with
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441:"Noor Islamic Bank First in Middle East to Operate Round-The-Clock Branch"
542:"Noor to Offer Non-UAE Resident Mortgages for Emaar's Property Projects"
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636:"Noor Bank Profit Triples as Sharia Lender Rides Economic Recovery"
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565:"Noor Trade To Expand its Network and Double its Team This Year"
342:"Noor Islamic Bank: Services, Banks & Financial Services"
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491:"Noor Islamic Bank Emerges Top UAE Lead Arranger for 2008"
235:in 2013 to provide mortgages to non-UAE residents.
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587:"Noor Islamic rebranded to extend market reach"
367:"Dubai-Based Investors Plan $ 1Bn Islamic Bank"
392:"Noor Islamic May Spend $ 2 Bln on Single Buy"
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27:Islamic bank in Dubai, United Arab Emirates
295:"Mohammed Opens Dubai's Noor Islamic Bank"
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691:Islamic banks of the United Arab Emirates
563:Das Augustine, Babu (15 February 2015).
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613:"Noor Bank Rebrands and Mulls an IPO"
540:Hunger, Gregor Stuart (4 June 2013).
212:Sheikh Mohammed bin Rashid Al Maktoum
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634:Kassem, Mahmoud (31 March 2014).
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611:Kane, Frank (7 January 2014).
317:"Two New Islamic Banks in '07"
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275:. Noor Bank. 31 December 2015
270:"Noor Bank Directors' Report"
140:Dh50,719,198,000 (2018)
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686:Banks established in 2008
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658:"Board of Directors"
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567:. Gulf News Banking
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147:Total equity
130:Total assets
83:Headquarters
53:Company type
660:. Noor Bank
680:Categories
253:References
102:Key people
596:8 January
419:Al Bawaba
394:. Reuters
190:Noor Bank
179:.noorbank
31:Noor Bank
525:14 March
500:14 March
475:14 March
450:14 March
425:14 March
398:14 March
376:14 March
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326:14 March
300:14 March
61:Industry
45:Formerly
207:History
172:Website
75:Founded
65:Banking
56:Private
163:Parent
445:Zawya
273:(PDF)
88:Dubai
666:2016
644:2016
621:2016
598:2014
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281:2016
181:.com
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177:www
118:COO
111:CEO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.