http://wiki.islamicfinance.de/index.php?action=history&feed=atom&title=Noor_Islamic_Bank 2026-06-27T01:35:34Z Revision history for this page on the wiki MediaWiki 1.27.0 http://wiki.islamicfinance.de/index.php?title=Noor_Islamic_Bank&diff=169&oldid=prev 2010-08-04T15:47:45Z

<p>added info. about Shari&#039;a Board</p> <p><b>New page</b></p><div>Noor Islamic Bank is a Shari’a compliant commercial bank established in 2007 in Dubai that began operations at the beginning of 2008. It is 25% owned by the government of Dubai and 25% owned by Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai. It was established with capital of 3.16 billion dirham ($860.3 million) (Reuters, 2008). <br /> <br /> ==Products and Services==<br /> <br /> Noor Islamic Bank delivers a full range of banking, investing, financial and risk management products and services for its individual clients, small and medium sized businesses, corporations and government institutions, with an emphasis on unique and personalized services. Noor Islamic Bank’s products and services are governed by a Shari’a Board.<br /> <br /> In March, 2010, Noor Islamic Bank launched Arabic enabled mobile internet banking service to provide 24 hour online banking services that accessed from any mobile phone with access to the internet.[http://onlinebanking.banking-business-review.com/news/noor_islamic_bank_rolls_out_arabic_mobile_internet_banking_service_in_uae_100301/]<br /> <br /> ==Locations==<br /> <br /> Noor Islamic Bank has 17 locations across the UAE in the Emirates of Abu Dhabi, Dubai, Sharjah, and an overseas representative office in Tunis.<br /> <br /> ==Financial Statistics==<br /> <br /> Noor Islamic Bank reported total deposits of 12.4 billion dirhams ($3.4 billion) and total assets of 21.8 billion dirhams ($5.9 billion) as of December 31, 2008. For 2008, its first year of operations, the bank reported profits of 511 million dirham ($139 million). <br /> <br /> ==External Links==<br /> <br /> *[http://www.noorbank.com/ae/english/index.aspx Noor Islamic Bank] Website of the Bank<br /> *[http://www.islamicfinance.de/?q=taxonomy/term/153 Noor Islamic Bank] News on IslamicFinance.de<br /> <br /> ==References==<br /> <br /> James Cordahi. &quot;[http://in.reuters.com/article/asiaCompanyAndMarkets/idINL0642668120080106?sp=true UPDATE 1-Dubai's Noor Islamic Bank starts, plans global buys],&quot; ''Reuters'', January 6, 2008.</div>

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