Watani students visit NIB

Dubai-UAE:24 August, 2011 –Noor Islamic Bank hosted 40 students from the Watani programme at its Sheikh Zayed Road branch, as part of the bank’s efforts to promote good personal financial practices and boost awareness of the Islamic banking and finance.

The students, aged from seven to 12 years old, were hosted by the bank in two groups. During their visit to the bank, the students learned about the culture of saving money and Shari’a-compliant banking and its importance.

Since the launch of the Noor brand in January 2008 with Noor Islamic Bank, the brand has been a pioneer in offering new Islamic finance solutions that have been well-received by the market. The group enhanced its leadership position with the launch of Noor Takaful in January 2009 and has a strong social responsibility culture.

The Watani programme was launched in 2005 at the directive of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to promote the UAE’s national identity and practices of good citizenshipwithin the UAE’s diverse and multicultural society.

The programme organizesand implements various educational, entertainment, and media activitiesthat are directed to the UAE’s youth, women and children. The activities andcampaigns organised by Watani are carried out by a number of volunteersand public interest advocates in the UAE.

Dubai, April 27, 2010: The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed a co-operation agreement to facilitate electronic payment of trade license fees through the bank’s multiple accredited channels across the Emirate.

This initiative is part of the efforts to enhance productivity, ensure added-value service to clients and attract more investors to do businesses in Dubai.

Mr Khalid Al Kassim, Deputy Director General for Services and Operations, DED; and Dr Ahmed Al Janahi, Deputy Group CEO at Noor Islamic Bank, signed the agreement. Officials from DED and NIB attended the signing ceremony held, recently, at DED headquarters in Deira.

As per the agreement, Noor Islamic Bank will provide DED with electronic systems services to facilitate the review of banking transactions and also present a weekly detailed report covering all details and procedures that took place during the preceding week.

“The agreement with Noor Islamic Bank, which has vast experience and expertise in supporting business growth initiatives, aims at enhancing Dubai’s economic growth by providing eServices that will strengthen the use of non-paper procedures and give customers the option of paying fees through NIB’s multiple accredited channels,” said Mr Al Kassim.

“The co-operation agreement with DED will contribute to enhancing the level of services provided to customers in line with the evolution of technology and to keep pace with Dubai’s fast economic development. Noor Islamic Bank is committed to enhance online payment services to strengthen trade licensing procedures in Dubai. The agreement will facilitate the faster and easier payment of trade license fees,” said Dr Al Janahi.