The Islamic banking sector has a bright future in the UAE as it has been playing a major role in financing infrastructure projects, residential properties and corporate expansion, a top official of Noor Islamic Bank said.
The Islamic lender, which was established with a vision to be recognised as the financial icon from Dubai, is developing its online and mobile banking products and services to expand its reach to the customers. The bank is all set to launch its latest product – A Bank in Your Hand — at Gitex Technology Week next week.
“Islamic financial instruments have the potential to become a key funding source for the nation’s infrastructure needs,” Hussain Al Qemzi, group chief executive officer of Noor Investment Group and CEO of Noor Islamic Bank, told Khaleej Times in an interview ahead of the World Islamic Retail Banking Conference, starting from October 9.
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