Noor Islamic Bank

Noor Islamic Bank, UAE

Thursday 28 August 2008 (UAE)

Noor Islamic Bank (NIB) Tel 800-6667

Noor Islamic Bank (Al Noor Islamic Bank, or Noor Bank, but not usually Nour Bank) opened its doors for business on 02 January 2008 with 10 branches throughout the UAE - 1 in Abu Dhabi and Al Ain, 6 in Dubai, and 2 in Sharjah. None in Ajman, Fujairah, Ras Al Khaimah, or Umm Al Quwain at the time of opening but NIB plan to open 10 more branches during 2008 in the UAE, and open more branches, or buy other banks, in the region. NIB was first announced in December 2007 and has about $1 billion of capital (AED 3.7 billion).

NIB intend to be the leading or largest (or both) Islamic Bank in the world by 2013. They're a little way behind Dubai Islamic Bank, which has been around since 1975 and at the end of 2007 had almost 50 branches, about AED 80 billion of assets, and close to AED 10 billion of capital. Noor Islamic Bank is 25% owned by Dubai Group, a subsidiary of Dubai Holding, and 25% owned by the Investment Corporation of Dubai.

Noor Islamic Bank contact details

Noor Islamic Bank, Burj Square, Building No. 1, 8th Floor, Business Bay
PO Box 8822, Dubai, United Arab Emirates
Tel +971-4-4268888, fax +971-4-3456789
Toll-free 800-6667 (in the UAE)

Noor Bank Tunisia representative office - 21 June 2008

Noor Bank opened its first overseas representative office in Tunis, capital of Tunisia. Country General Manager is Sadok Attia.

Noor Islamic Bank Maldives - 22 July 2008

Noor Maldives Islamic Bank is a joint venture between Noor Islamic Bank UAE and the Maldivian government, to establish an Islamic bank in the Maldives by the end of 2008, with head office in Male.

Noor Islamic Bank agreements and initiatives

With Emirates Post to offer cheap accounts to low-paid workers (Jan 2008).
With Marhaba Services to offer Airport 'Meet and Greet' services in Dubai, and access to the Marhaba lounge. For "distinguished customers", which might not be the same group as the low-paid workers they are offering cheap bank accounts to (Jan 2008).
With Dubai Lands Department to offer escrow services for property purchases (Dec 2007).

Noor Islamic Bank branches

Emirate	Branch	Location	Notes
Abu Dhabi	Al Mansoori Tower	Al Salam St
Al Ain	Sheikha Woudaima Building	Industrial Rd
Dubai	Dubai Marina	Al Fattan Tower II (Al Marsa)	service center
Dubai	Al Garhood / Al Garhoud	Opp. Emirates Aviation College	service center
Dubai	Al Mamzar	Hor Al Anz, next to Grand Station
Dubai	Bur Dubai	Burjaman roundabout, Mustafawi Al Hamriya Bldg
Dubai	DAFZ	Dubai Airport Free Zone	not open yet
Dubai	Dubai Media City	Al Thuraya Tower II
Dubai	Mall of the Emirates	First floor, entrance 1, east side (opening Aug 2008)	service center**
Dubai	Sheikh Zayed Rd	Sheikh Ahmed Bin Saeed Al Maktoum Building	open 24/7*
Sharjah	Corniche / Al Bohairah	Khaled Lagoon Corniche St
Sharjah	Al Rolla	Bank St
Overseas
Tunisia	representative office	Hadrumete Street, 2 Mutuelleville, Tunis

Noor Bank opening hours

Full service branches and service centers open Saturday-Thursday, closed Fridays. Hours from 0800-1500.
*Sheikh Zayed Road branch is open 24 hrs, 7 days per week but teller services only from 0800-1500 Sat-Thu.
**MOTE service center open 7 days, 0900-2200 Sat-Wed, 0900-2300 Thu/Fri (opening date 05 August 2008).

Noor Bank ATM locations

Noor Islamic Bank branches have ATMs of course, there are additional ATMs located in (information from noorbank.com):

Abu Dhabi Coop Society, Abu Dhabi
Abu Dhabi Shopping Mall / Abu Dhabi Mall, Abu Dhabi
Al Khalidiya Mall, Abu Dhabi
Al Muhari Center (Al Muhairy Center), Abu Dhabi
Alsofah Tower? Jumeirah, Dubai (Noor Bank info, unknown which tower they mean)
Bin Sougat Center, Rashidiya, Dubai
Burj Square? Sheikh Zayed Road, Dubai
Choithram's Karama, Dubai
Choithram's Al Nasr Square, Deira, Dubai
Choithram's Khalidiya (Khalediya), Abu Dhabi
Deira City Center, Dubai (ground floor and food court area)
Dubai International Financial Center (DIFC), Building 4, Dubai
Dubai Festival City, Garhood, Dubai
Dubai Healthcare City, Dubai
Dubai Healthcare City, AACSH Building, Dubai
Emaar Business Park, Dubai
Emirates Group, DNATA, Port Saeed, Dubai
Emarat Petrol Station, near Shindagha Carrefour, Dubai
Grand City Mall, Al Quoz, Dubai
Greens Community Centre, The Greens, Dubai
LuLu Centre, Al Barsha, Dubai
Mall Of the Emirates (VIP Entrance, Food Court area), Dubai
Manal Centre, Naif Road, Deira, Dubai
Reef Mall, Deira, Dubai
Souk Dukkan Al Manzil, Business Bay, Dubai
Spring Supermarket, Satwa, Dubai
The Village, Jumeirah Beach Road, Dubai
Times Square Center, Al Barsha, Dubai

People at Noor Islamic Bank

Shaikh Ahmad Bin Saeed Al Maktoum - Chairman Noor Islamic Bank
Hussain Al Qemzi - Group CEO of NIB
Ahsan Ali - SME & Wealth Management Banking Head