<p>In September last year, Noor issued an invitation to the world to help shape the future of banking, with the launch of its Bank of the Future initiative, aimed at creating innovative ways of banking. As part of the initiative, Noor created an online Shape Your Bank competition to solicit people’s expectations of banks in the future, with prize money of $20,000 for the best idea on enhancing the banking experience. Nurul Iksan from Malang, Indonesia, won the first prize in Noor’s online competition. With the $20,000 in cash, plus an iPad he can begin pursuing some of his business ideas. He will use part of the money to open a fashion shop in nearby Bali. Iksan’s suggestion was to introduce a family account that is held by the head of the family with supplementary cards and limited budgets assigned to all family members. Such a concept has not been implemented in the region yet.</p>
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<p><a href="http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/July/uaebusiness_July349.xml&section=uaebusiness" title="http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/July/uaebusiness_July349.xml&section=uaebusiness">http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/…</a></p>
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Standardisation of the regulations governing Islamic finance is a must to ensure the globalisation of Islamic finance, according to Hussain AlQemzi, GCEO of Noor Investment Group and CEO of Noor Islamic Bank. Although regional standardisation bodies ex…
<p>Noor Islamic Bank has completed Islamic capital market mandates valued at over $1.4 billion (AED5.14 billion) in the past six months in Turkey. As an Initial Mandated Lead Arranger and Joint Bookrunner, Noor successfully closed a $500 million equivalent dual-currency Murabaha facility for Türkiye Finans Katilim Bankasi, which was oversubscribed two times. Noor Islamic Bank has also been an Initial Mandated Lead Arranger and Joint Bookrunner for a $382 million dual currency Murabaha Facility for Asya Katilim Bankasi A.S (Bank Asya) and a $500 million Sukuk for Tukiye Finans Katilim Bankasi A.S. In total, 85 banks and financial institutions across Asia, Middle East, Africa and Europe have participated in the syndicated financing deals led by Noor this year.</p>
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<p><a href="http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130701171815" title="http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130701171815">http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20…</a></p>
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Noor Islamic Bank (Noor) is targeting Dhs5bn of lending to small and medium enterprises (SMEs) over the next five years with the launch of Noor Trade. This Shari'a compliant banking service is specifically tailored for SMEs that contribute significantl…
Our Base platform to work will be IFLEX / Flexcube)
To identify and resolve application issues related to Core Banking systems of Noor Investment Group
To provide consultancy to users on queries related to Core Banking systems.
To Liaise with vendors a…
Dubai Multi Commodities Centre (DMCC) has announced the inaugural Commodity Murabaha transaction on its DMCC Tradeflow platform. The transaction took place between Noor Islamic Bank and Commercial Bank of Dubai, marking the official launch of the DMCC Tradeflow Islamic product portfolio. According to Ahmed Bin Sulayem, Executive Chairman, DMCC, the DMCC Tradeflow pioneered the use of an electronic central registry of commodity ownership in Dubai. The commodities available on DMCC Tradeflow include oil products, foodstuffs and base metals and if required these goods can be inspected easily by Shari’ah scholars.
Maintain good relationship with all the constituent in the market to ensure that quality business is referred to the bank on a regular basis.
• Pro-actively call on showrooms and customers and promptly respond to their calls in order to negotiate and finalize business deals within the targeted turnaround time and shariah guidelines.
• Analyze documents submitted by the customer and prepare credit proposals for submission to appropriate approval authority.
• Ensure portfolio quality by exercising sound credit judgement and complying with credit, shariah and product parameters.
• Obtain and provide market, customer and competitor’s information and feedback.
• Address customer complaint within 24 hrs.
Noor Islamic Bank (Noor) announced the appointment of Narendra Swarup as Chief Risk Officer (CRO). In his role, Swarup is responsible for all the risk functions of the bank. He has more than 25 years of international experience in risk management in so…
Noor Islamic Bank has announced the appointment of Narendra Swarup as Chief Risk Officer (CRO). Swarup will be responsible for all the risk functions of the bank. These include credit, market, operations as well as compliance and governing information …
The Central Bank has postponed the implementation of three most important reforms regarding the security of chip and pin debit cards. According to the National Bank of Abu Dhabi and Emirates NBD, the emirate’s banks are not yet ready to implement the n…
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