Noor Bank Launches Noor Wealth for High Net Worth Individuals

Press release
Published August 12th, 2018 - 10:25 GMT
During the event
During the event

Noor Bank, a leading Shari’a compliant bank in the UAE, marked the relaunch of its Priority Banking services, under the new brand name of Noor Wealth, with a more premium and robust wealth management proposition to meet the needs of high net worth individuals (HNWIs). Noor Wealth provides an exclusive and comprehensive client-servicing model that manages the client’s personal and business financial requirements.

Under the Noor Wealth scheme, HNWI clients have access to an unrivalled range of investment products, bespoke wealth management solutions, international banking and home financing solutions, as well as exclusive lifestyle benefits. Moreover, dedicated and specially trained Noor Wealth relationship managers enable clients to build investment portfolios based on their risk appetites and financial goals. 

Speaking on the launch of the new service, Mufazzal Kajiji, Head of Retail Banking, Noor Bank, said: “The launch of Noor Wealth is in line with Noor Bank’s three-year strategy that focuses on serving the growing community of high net worth individuals in the UAE. The bank is well-positioned to offer a unique and all-encompassing wealth management proposition that resonates with the financial needs of our premium clients. We are confident we will be able to cut across typical banking solutions to offer portfolio-based, personalised, wealth management solutions to better meet their demands.”

For his part, Renoy Kundukulam, Head of Wealth Management, Noor Bank, said: “Noor Wealth has an entire array of wealth solutions coupled with preferential pricing and a host of lifestyle benefits for our high net worth clients. Rather than a piece-meal approach, Noor Wealth examines clients’ personal and business assets in totality and structures portfolios by employing the financial products and services relevant to them. The launch of Noor Wealth brings together the entire wealth spectrum and showcases our expertise in managing diverse wealth portfolios for our local and international clients alike.”

A key highlight of the Noor Wealth launch was the opening of ‘Noor Art’ - an initiative by Noor Wealth driven by passion with a mission to globally promote Art in the UAE, Emirati artists as well as other talents. The Noor Art Gallery located in Noor Bank’s Sheikh Zayed Road branch in Dubai, will showcase exclusive artworks from various Emirati & international artists. The first exhibition that concluded in mid-June 2018, displayed digital art from LUMAS, art-dealers of museum-quality art including hand-signed limited editions by 200 established artists from around the world. The exhibition also included a series of exquisite artworks featuring the Dubai skyline.

For more information, please visit the Noor Bank branch on Sheikh Zayed Road.

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.

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