Hussain AlQemzi, CEO of Noor Investment Group and CEO of Noor Islamic Bank, receives from Adam Broom,CEO of CPI Financial, an award bestowed on the bank for “Best Corporate Account” in a special ceremony held at the head office of Noor Islamic Bank.— Courtesy photo

 

Noor Islamic Bank announced on Sunday that 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 of CPI Financial, in a special ceremony held at the head office of Noor Islamic Bank.



The award recognizes 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 toward 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 Shariah- 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. Organizations that play a leading role in the promotion of trade and investment in the Middle East and inspire industry peers through their work are recognized 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. — SG