Wallets/noor-bank
Noor Bank
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Overview
Noor Bank is UAE Islamic commercial bank + Dubai Islamic Bank DIB UAE parent DFM: DIB ~100%+ controlling post-2020 ~$1B acquisition + founded Jan 8 2008 in Dubai UAE as Noor Islamic Bank then 2014 Noor Bank rebrand then 2020 DIB acquisition + Noor Bank consolidation into DIB Islamic commercial banking [1, ae-cro].
History
Jan 8 2008 — Noor Islamic Bank founded in Dubai UAE as Dubai government-aligned Islamic commercial bank distinctive UAE Islamic banking heritage.
2014 — Noor Bank rebrand consolidating Noor Islamic Bank.
2020 — Dubai Islamic Bank DIB UAE parent DFM: DIB acquires Noor Bank for ~$1B consolidating Noor Bank into DIB UAE Islamic commercial banking distinctive UAE Islamic banking consolidation.
Ownership & operator
Operating entity: Noor Bank (UAE Islamic commercial bank consolidated into Dubai Islamic Bank DIB post-2020 acquisition).
Major shareholders: Dubai Islamic Bank DIB (DFM: DIB; UAE parent) ~100%+ controlling post-2020 ~$1B acquisition.
Regulators: Central Bank of UAE CBUAE.
Technical integration
Noor Bank mobile app discontinued + noorbank.com discontinued (consolidated into dib.ae + DIB mobile app post-2020 Noor Bank consolidation) + Noor Visa + Mastercard cards (Islamic-compliant) transitioned to DIB; EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.
Implementations & partners
Parent group: [[dubai-islamic-bank]] (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic commercial bank by assets + world's first Islamic commercial bank).
Major UAE banking + payments competitors: [[emirates-islamic]] (Emirates Islamic Bank EI; DFM: EIB; UAE Islamic commercial bank; Emirates NBD UAE parent ~99%+ controlling) + [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank ADIB; ADX: ADIB; UAE Islamic commercial bank) + [[mashreq-al-islami]] (Mashreq Al Islami; UAE Islamic commercial banking window) + [[ajman-bank]] (Ajman Bank; UAE Islamic commercial bank).
Regulators: Central Bank of UAE CBUAE.
Status
Integrated into DIB, UAE Islamic commercial bank + Dubai Islamic Bank DIB UAE parent DFM:DIB ~100%+ controlling post-2020 ~$1B acquisition + founded Jan 8 2008 in Dubai UAE as Noor Islamic Bank then 2014 Noor Bank rebrand then 2020 DIB acquisition + Noor Bank consolidation into DIB Islamic commercial banking [1, 2].
Sources
- 1 Noor — historical
- 2 Noor — Wikipedia
- ae-cro In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from noor-bank.md. See matrix.md for standards-support matrix if present.