Noor Islamic Bank (NIB) has opened a corporate standalone branch at the Dubai Airport Free Zone Authority (DAFZA) to serve as a component for every corporation's financial needs, reported AME Info.

The branch will provide a range of Sharia’a compliant products and services to corporate and SME customers, including cash management covering, letters of credit and guarantees, corporate finance solutions and corporate deposit solutions.

Sheikh Ahmed bin Saeed Al Maktoum, chairman of Noor Islamic Bank, president of the Dubai Civil Aviation, and chairman and CEO of Emirates Group, said: “With this specialist branch, we will be able to leverage our unique experience and understanding of the Islamic banking sector for the benefit of businesses in the country and continue the successful expansion of our customer base. We aim to bring our unique and trusted experience of the banking sector to our current and prospective clients.”

Hussain Al Qemzi, group chief executive of Noor Islamic Bank and Noor Investment Group, said: “DAFZA is a dynamic business zone that serves the regional interests of hundreds of world class businesses based there. Through our new and dedicated corporate branch, we look forward to partnering with public and private corporations everywhere, providing them with unrivaled banking solutions that suit their unique set of requirements and objectives.”

Dubai-based Noor Islamic Bank delivers a range of banking, investing, financial and risk management products and services for its individual clients, SME businesses, corporations and government institutions.