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Noor Takaful Receives Islamic Business and Finance Award for Best Use of Technology in 2010

Dubai, 1 January 2010: Noor Takaful , the Islamic insurance arm of Noor Investment Group has been recognized at the Islamic Business & Finance Awards 2010 for Best Use of Technology.

The award comes as Noor Takaful successfully wraps up its second year of operations reflecting strong results. 2010 was a record breaking year for Noor Takaful 's state-of-the-art online platform, where valuable intelligence from virtual customer interactions, feedback and evolving customer trends were gathered and analysed electronically.

Since inception in January 2009, Noor Takaful has committed itself to being at the fore front of customer satisfaction, providing the most effective and innovative solutions to its current and prospective customers.

In 2009 Noor Takaful launched the GCC's first e-Takaful service where instant quotes and online payments could happen at the click of a button. In 2010, the company integrated its systems with the Dubai Roads and Transport Authority (RTA) allowing for instant data synchronization. During the same year, the RTA appointed Noor Takaful as the only Islamic insurance 'Trusted Agent' firm, due to its advancements in use of technology and solid corporate governance, for drivers buying motor insurance, and for registering their vehicles in a hassle free process.

Commenting on the award, Mr. Hussain AlQemzi, Group CEO of Noor Investment Group and CEO of Noor Islamic Bank, said, "We are extremely pleased to have won this prestigious award, which is an important endorsement for our investment in technologically-supported financial solutions. The Noor brand is slowly being recognized as the face of contemporary finance due to our unconventional approach to partnering with our customers."

Parvaiz Siddiq, Chief Executive of Noor Takaful said, "It gives us great pleasure to receive this exceptional award. We believe that delivering products in an innovative and efficient way is what customers want and expect from us. Our ability to smoothly integrate technology with our financial products and solutions, underscores our best practice expertise. We remain committed to the customers and to the business, and will continue to invest in technology platforms and automated solutions that reduce inefficiencies and costs".

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About Noor Takaful
Noor Takaful is the Shari'a compliant insurance brand of Noor Investment Group LLC. Through its 2 entities Noor Takaful Family PJSC and Noor Takaful General PJSC, it offers a broad range of Sharia'a compliant general and family takaful products. Noor Takaful 's business model is founded on the Sharia'a principle of wakalah. Noor Takaful administers the process of participation, manages collection of the takaful contribution and processes the claims according to the contract agreed with the participants. In addition, Noor Takaful will also act as a trustee for investing funds in Sharia'a compliant structures to generate returns on the contribution paid. Noor Takaful aims to set new standards in the region's booming takaful industry with a focus on service innovation. Noor Takaful 's products and services are governed by a Sharia'a supervisory board comprising of well-known Islamic scholars. For more information, please visit: www.noortakaful.com

For media enquiries, please contact:
Mohamed Tahboub
Associate Director, Financial Practice
Jiwin-APCO Public Relations
Tel: +9714 3613598
Mob: +97155 95 48 665
Email: mohamed.tahboub@jiwin.ae

© Press Release 2011