Noor Bank

NOOR BANK

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

In a short period of time, Noor Bank has grown considerably, and now provides a comprehensive range of products and services - in personal and corporate banking, wealth management, insurance, treasury and trading.

We are known for creative, innovative and responsible products and services, most of which are tailored to suit specific business and personal needs. Our efforts to provide professional services and build lasting relationships continue to win us new customers - individuals, investors, institutions, companies and governments - across all operations.

Besides an esteemed Board of Directors, we are also supervised by a Shari’a Supervisory Committee, and a team of reputed scholars oversee and ensure Islamic compliance on all legal, financial and banking matters.

Noor Bank ownership

The Bank was launched in 2008 under the specific instruction of the Government of Dubai, with the shareholders and the Board of Directors also selected and nominated directly by the Government of Dubai. The Government of Dubai, members of the Ruling Family of Dubai and a select group of Government of Dubai nominated shareholders directly own 87.80% of the Bank’s shares in aggregate.

Significant shareholdings

The Government of Dubai, acting through the Office of the Crown Prince of Dubai, owns 25.73% of the Bank. HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum is the Crown Prince of Dubai, and is the Chairman of the Dubai Executive Council.

The Government of Dubai, acting through Investment Corporation of Dubai (ICD), owns 22.71% of the Bank. ICD is the investment arm of the Government of Dubai and was formed in May 2006.

The Federal Government of the United Arab Emirates acting through Emirates Investment Authority (EIA) owns 4.70% of the Bank. EIA was established by Emiri decree in November 2007 and is a sovereign wealth fund for all seven emirates comprising the UAE.

No shareholder, other than those listed above, owns more than 5% of the Bank’s shares.

Noor Bank is rated “A-” IDR with a stable outlook by Fitch Ratings.

We have a presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.

The brand

We know the world needs a new way of banking, a different way of banking, and a better way of banking.

We are ethically grounded, driven by values, and Sharia’ compliancy serves as the bedrock of our operations. Our ability to offer a wide array of products and services is a testament to Islamic finance’s flexibility and openness, when approached with the right paradigm.

Where others see difficulty, we see opportunity. When they look for excuses, we simply look harder. And if they confuse through processes, we simplify with outcome.

• We are agile and able: we are a 24x7x365 bank and this is reflected in how we work with our customers and deliver solutions they need.
• We are simple and efficient: we explain our products in easy terms and use up very little of our customers’ time.
• We are tenacious and hardworking: we don’t let things get in the way and work hard enough for our customers so they don’t have to.
• We are clear and open: We don’t hide behind fine print and we don’t sell through confusion.

At Noor Bank, we get things done.