Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai – United Arab Emirates.
In a short period of time, Noor Bank has grown considerably, and now provides a comprehensive range of products and services – in personal and corporate banking, wealth management, insurance, treasury and trading.
Noor Bank is owned 94.9% by Noor Investment Group, 5% by Emirates Investment Authority, and 0.1% by individuals and corporations in the UAE.
It has a presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.
Please contact our representative to get schedule of fees & tariffs for the bank.
Online Banking: yes. AED 1,000 (USD 274) for the first year, second and after – AED 500 (USD 137) per month.
Monthly Average Balance (min.): AED 10,000 (USD 2,740) on each account
Accounts for foreign companies (registered outside UAE): yes
Accounts for UAE offshore companies: yes, but after personal meeting with shareholder of a company. In case if shareholder and bank authorized person are different, the bank needs to see both of them for attestation.
Timeframes to set up bank account: 1 week after all documents’ submission
Walton Consultants DMCC