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Noor Takaful Recognized by Dubai Quality Awards for Business and Service Excellence

Dubai-UAE: 17 April, 2011 - Noor Takaful , the Islamic insurance arm of Noor Investment Group , has announced its recognition at the distinguished Dubai Quality Awards, which were recently presented under the auspices of the Dubai Department of Economic Development.

Noor Takaful was specifically acknowledged for developing a world-class corporate infrastructure, which has demonstrated its quality and drive to be at the forefront of the Dubai service sector even under rigorous audit conditions.

The Dubai Quality Award and Dubai Quality Appreciation Program were established in 1994 to set a business excellence benchmark for organizations and provide fertile ground for businesses to nurture a culture of excellence. The Awards are inspired by the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

In just its third year of operation, Noor Takaful has firmly established its own niche as an Islamic insurer, building a tangible reputation based on transparency and the effectiveness of its business model.

Commenting on this award, Hussain Al Qemzi, Group CEO of Noor Investment Group , said: "We are extremely proud to have been recognized by the prestigious Dubai Quality Appreciation Program. Being acknowledged for quality, integrity and transparency particularly within the financial services sector are critical elements for sustaining long term trust, growth and collaboration across the marketplace. We thank the Dubai Department of Economic Development for this recognition, and promise to continue our efforts to be at the forefront of business and service excellence."

Dr. Ahmed Al-Janahi, Managing Director, Noor Takaful , said: "We are honoured with the recognition of Noor Takaful by the unique Dubai Quality Awards. This acknowledgement is special as it is a genuine reflection of the relationship we share with our clients and the business community. It is also a testimony to what we aspire to evolve into for the benefit of the society as a whole."

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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 Public Relations
Tel: +9714 3613598
Mob: +97150 157 6868
Email: mohamed.tahboub@jiwin.ae

© Press Release 2011