Dubai-UAE: May 4, 2013 - Noor Islamic Bank (Noor) today announced it has won the 'Best Corporate Account' award for its 'Noor High Yielding Savings' portfolio at the Banker Middle East Product Awards 2013,

The award was presented to Hussain AlQemzi, Group CEO of Noor Investment Group and CEO of Noor Islamic Bank, by Adam Broom, CEO, CPI Financial, at a special ceremony held at the head office of Noor Islamic Bank.

The award recognises Noor's High Yielding Savings account for its flexibility in managing short term liquidity and enhancing the working capital yields for customers

Accepting the award, AlQemzi said: "This award validates our continuous efforts towards providing enhanced products and solutions to our corporate clients to meet their individual financial needs. The award complements the other key industry distinctions we have received and strengthens our resolve to be the financial provider of choice, offering Shari'a compliant products and services for clients in the UAE and abroad."

An initiative of CPI Financial, the Banker Middle East Product Awards acknowledge excellence and innovation in financial products across the region. Organisations that play a leading role in the promotion of trade and investment in the Middle East and inspire industry peers through their work are recognised in various categories.

Winners were selected through a month of online polling, which garnered a record number of votes this year. In total, Banker ME Awards saw 14,600 individuals cast more than 600,000 votes across four distinct categories: Retail, SME, Corporate and Investment Banking products.

In March 2013, Noor Islamic Bank won the 'Deal of the Year' category at the Islamic Finance News Awards. In addition Noor Takaful, the Islamic insurance arm of Noor Investment Group, won the Takaful Insurer of the Year at the MENA Insurance Awards and Best Takaful Operator in the Middle East, CPI Islamic Business and Finance Awards in December 2012.

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About Noor Islamic Bank
Established in 2008 in Dubai, Noor Islamic Bank is a full service bank delivering the broadest range of products for its customers, with an emphasis on unique and personalized services. Noor Islamic Bank's products and services are governed by a Shari'a Board, comprising leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. Noor Islamic Bank has locations across the UAE in the Emirates of Abu Dhabi, Dubai, and Sharjah. Noor Islamic Bank is 50% owned by the Dubai government and 5% owned by the Emirates Investment Authority; the remaining 45% is by held high net worth individuals in the UAE. For further details, please visit: www.noorbank.com or call 800NOOR(6667).  

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© Press Release 2013