Noor Bank Scoops Several Accolades at CPI Financial’s Banker Middle East Product Awards 2017, Industry Awards 2017
Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has notched up several prestigious wins at the Banker Middle East Product Awards 2017 and at the Banker Middle East Industry Awards 2017, organised by CPI Financial’s renowned Banker Middle East magazine.
Noor Bank won Best Corporate Account for its escrow account services, Best Structured Product for its equity-linked autocallable Islamic deposit and Best Home Finance Product for its portfolio of home finance services from the Banker Middle East Product Awards 2017.
Hussain Al Qemzi, Managing Director, Noor Bank, received the awards on behalf of the bank and said: “We are pleased to be recognised for our innovative offerings that are carefully tailored to meet the top priorities of our clients, including reliable and transparent financing options and maximum returns. These awards reinforce Noor Bank’s market leadership in delivering comprehensive Shari’a-compliant services and are testimony to its successful customer-centric approach. The wins also acknowledge the utmost dedication of our employees, whose commitment and expertise have been vital ingredients in our success.”
In addition, Noor Bank was named Best Premium Bank – UAE at the Banker Middle East Industry Awards 2017 earlier this year, also hosted by CPI Financial, in recognition of its diverse range of wealth management products and priority banking services.
The awards were based on the verdict by registered users of the CPI Financial website. The users selected Noor Bank from a shortlist prepared by an independent panel of expert judges, who possess vast experience in the banking and financial sector.
Noor Bank’s escrow account services are in full alignment with Dubai’s Real Estate Regulatory Agency (RERA), and provide reliable and seamless solutions to real estate developers. The bank’s Trust Account Management System (TAMS) ensures effective control, accuracy and regulatory compliance of cash flows, audit trails, customised reports, bulk and straight transactions as well as multiple deposits.
Noor Bank’s equity-linked autocallable Islamic deposit is a one-year Shari’a-compliant deposit linked to three international stocks with a potential profit of nine per cent per annum, with a potential early redemption every quarter.
In addition, Noor Bank’s wide range of home finance services offers a variety of solutions to meet customer needs, including new purchase, resale and buyout finance as well as equity release, off-plan property finance, flexi home finance and commercial property finance.
Noor Bank’s Priority Banking Division’s relationship managers cater to the financial requirements of high net worth individuals and are supported at the back end by a team of experts comprising investment advisors and treasury specialists to help customers protect and grow their wealth.
Noor Bank began operations, in Dubai, in 2008, as Noor Islamic Bank. It is a full service bank delivering the broadest range of products for its customers, with an emphasis on unique and personalised service. Noor Bank is governed by a Fatwa and Shari’a Supervisory Board, comprising leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. Noor Bank is rated “A-” IDR with a stable outlook by Fitch Ratings.
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