Noor Bank Wins IFM 2015 Awards

Jan 11, 2016, 04:00 ET from International Finance Magazine

LONDON, January 11, 2016 /PRNewswire/ --

London-based International Finance Magazine presented the 2015 awards for 'Best Rebranded Credit Card', 'Best Islamic Auto Finance Provider' and 'Best Islamic Personal Finance Provider' in UAE to Noor Bank at a gala ceremony in the Landmark Hotel in London on November 27, 2015.

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The awards were presented by Peter Meyer, CEO, the Middle East Association (MEA); Dr. Cigdem Kogar, Chief Representative of Central Bank of Turkey in London; Kofi Addo, Head of Trade and Investment, Ghana High Commission; and Thomas Mbun, Head of Treasury and Finance, Ghana High Commission. Mohsin Aikal, Head of Consumer Finance, Noor Bank, received the awards on behalf of Noor Bank.

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.

On receiving the awards, Hussain Al Qemzi, CEO, Noor Bank, said: "This is a worthy recognition of Noor Bank's Personal Banking team in creating best in class products that serve the UAE market and deliver the highest standards of service. In continuation of the strong momentum of our Consumer Finance products over 2015, as well as our endeavour to bring recognition to the Noor Bank brand in the Retail Banking space, I am proud to say that this endorsement is not just a confirmation of our performance but also an encouragement to push ourselves to do even better in the coming years."  

Noor Bank's Best Rate Credit Card delivers one of the lowest profit rates in the region, offering customers a rate of 1.66% per month. Noor Bank's Best Rate cardholders can opt to transfer outstanding balances from credit cards issued by other banks in the UAE, resulting in significant savings. The credit card not only gives one of the most competitive profit rates in the UAE but also provides the lowest cash withdrawal fee on Noor Bank ATMs, as well as zero annual fee and credit shield with job loss cover.

Noor Bank's award winning personal finance product serves a variety of financial needs. Customers can use the convenient Personal Banking solutions to help invest in their children's education, buy a dream home in their home country or a holiday for profit rates as low as 2.75% p.a. (per annum). Apart from a quick processing time, the bank provides convenience to customers in the form of a "pre-approval" in principle that does not require original documents to be submitted upfront.

In terms of Auto Finance, Noor Bank offers highly competitive rates for both new and used vehicles across all consumer segments. Documentation is simple while short processing times imply that customers can drive away with their dream cars in no time at all.

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International Finance Magazine ( was established to offer credible financial news and present developments worldwide in a simple and easy-to-understand manner. Our audience comprises the top decision-makers in the financial community across the globe. We aim to be the most sought-after financial information provider.

Pictures of the Awards Ceremony 2015

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SOURCE International Finance Magazine