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Dubai-UAE – Noor Bank, a leading Shari’a compliant bank in the UAE, announced today that it won the ‘Risk Data and Analytics Technology Implementation of the Year Award’ at the Middle East & Africa Regional Awards 2016. The awards ceremony was hosted by the prominent financial publication, The Asian Banker.
Mohammed Qadeer, Head of Financial Risk Management and Basel II, Noor Bank, and Sami Al Awadi, Chief Compliance Officer, Noor Bank, collected the award on behalf of the bank.
Speaking about the award win, Hussain Al Qemzi, CEO, Noor Bank, said: “Winning this award is another noteworthy achievement for the bank and is testament to our effective risk management processes as well as compliance of the highest standards. Managing risk successfully, is becoming more and more important for banks today, due to the complex transactions involved, and the speeds at which they are being executed. We believe that this award will provide our investors and customers with renewed confidence in our superior capabilities.”
The Asian Banker’s ‘Middle East & Africa Regional Awards’ evaluated 50 institutions from across the region. Noor Bank was determined as a winner after a thorough evaluation and research of its processes by Asian Banker’s editorial and research teams over a period of several months.
Earlier this year, Noor Bank’s credit rating was affirmed by Fitch to ‘A-’ with a stable outlook for 2015/16.
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About 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 the Shari’a Supervisory Board, comprising of leading Islamic scholars, comprising leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. Noor Bank is rated “A-” IDR with a stable outlook by Fitch Ratings. The corporate shareholders of the Bank are The Office of the Crown Prince of Dubai (25.73%), the Investment Corporation of Dubai (22.71%) and the Emirates Investment Authority (4.7%). The remaining shares are beneficially held by individuals who each own less than 5% of Noor Bank. For further details, please visit: www.noorbank.com or call 800 6667.
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© Press Release 2016
