Noor Bank wins three awards from Global Banking and Finance Review 2015

Press release

Published December 9th, 2015 - 08:16 GMT

Hussain Al Qemzi, CEO Noor Bank and Waleed Barhaji, Business Head of Consumer Finance, Noor Bank, with the awards at the bank’s headoffice in Dubai

Noor Bank has bagged three awards for its Consumer Finance Products from Global Banking and Finance Review 2015, the London based publication. The award categories included:

-Most Innovative Islamic Credit Card (Best Rate Card) UAE 2015

-Best Islamic Bank for Auto Financing UAE 2015

-Best Islamic Bank for Personal Financing UAE 2015

Speaking about the wins, Hussain Al Qemzi, CEO Noor Bank said, “Noor Bank is proud to have received these awards which point to our success in delivering innovative and need identified products to our clients. We look forward to continued success in the Personal Banking space as we prepare to launch further initiatives in the near future.”

Noor Bank’s ‘Best Rate Credit Card’ delivers one of the lowest profit rates in the region, offering customers a low profit rate of only 1.66% per month. Individuals can also opt to transfer outstanding balances from credit cards issued by other banks in the UAE.

The award winning personal finance product serves a variety of a customer’s financial needs. Customers can use the bank’s convenient Personal Banking solutions to help invest in their children’s education, start a business, buy a dream home in their home country, a holiday or much more for profit rates as low as 2.75%. They can also benefit from a multi-faceted auto finance package that promises to meet their requirements, convenience and budget under Noor Bank’s Murabaha facility.

Since its inception in 2011, the Global Banking & Finance Review Awards regularly recognises innovation, achievement, strategy, progression and inspirational changes taking place within the Global Financial community.

Background Information

Noor Bank

Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai - United Arab Emirates.

Among the youngest banks in the country, Noor Bank has achieved significant growth in the past 10 years. Today, in 2018, as we continue to grow, we are ranked the 11th largest bank in the UAE in terms of asset size.

Noor Bank is a full-service Shari’a-compliant bank, offering a comprehensive range of products and services - in corporate and personal banking, wealth management, Takaful (Islamic insurance), treasury and trading. We have a presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.