Noor Islamic Bank to Open More Branches Next Year

Noor Islamic Bank will have seven more branches at the end of the first quarter of next year, said its CEO Hussain Al Qemzi. He was speaking to Khaleej Times after the inauguration of Noor Islamic Bank’s new branch the other day. Shaikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman & CEO of Emirates Group and Chairman of Noor Islamic Bank, inaugurated Noor Islamic Bank’s 10th full service branch at Terminal 3 of Dubai International Airport. The opening ceremony was also attended by Hussain Al Qemzi and senior officials from the bank. Qezmi said, “Our target is 17 branches at the end of the first quarter of 2009 and we plan next branch in Dubai Mall.” Qemzi rules out merger talks of Noor Islamic Bank and said the bank has enough deposits. The new branch is strategically located in departure area T3-08, which is expected to handle over 60 million passengers annually. Operational round the clock seven days a week, the full service branch will cater to passengers, retailers, visitors and airport staff. Qemzi said: “The new full-fledged branch complements the overall offering of Terminal 3 at Dubai International Airport, marking a significant milestone in the expansion of the bank as part of our ongoing commitment to reach out to customers. Since our launch 11 months ago, we have gradually established a presence in both the consumer and corporate banking spheres. Our focus remains on providing convenient and premium banking services to our customers.” Through its location at Terminal 3, Noor Islamic Bank will offer its complete range of Sharia’a-compliant solutions including the bank’s self-service facilities such as internet banking, phone banking, ATM, and cash and cheque deposit machines. In May of this year, the bank’s main branch on Shaikh Zayed Road became the first in the Middle East to deliver round-the-clock services to its customers. Noor Islamic Bank now has several full service locations, including two service centers in the Mall of Emirates and the Garhoud District. Abdul Basit