About Noor Bank
Noor Bank is a company based in Dubai (United Arab Emirates) founded in 2008 was acquired by Dubai Islamic Bank in May 2019.. Noor Bank operates in a competitive market with competitors including UniCredit, Emirates NBD, Citi, Scotiabank and Bank of America, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$138 M (USD), Debt – Conventional
Jul 08, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
Dubai Islamic Bank
(May 13, 2019)
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Funding Insights of Noor Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $138.0M
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First Round
First Round
(08 Jul 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2019 | Amount | Debt – Conventional - Noor Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Noor Bank
Noor Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Dubai Islamic Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial bank offering investment banking services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Noor Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Noor Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Noor Bank Comparisons
Competitors of Noor Bank
Noor Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UniCredit, Emirates NBD, Citi, Scotiabank and Bank of America, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to individuals and corporates.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Personal, business, and Islamic banking services are offered regionally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Noor Bank
Frequently Asked Questions about Noor Bank
When was Noor Bank founded?
Noor Bank was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is Noor Bank located?
Noor Bank is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Noor Bank?
liban Noor is the current CEO of Noor Bank.
What does Noor Bank do?
Noor Bank was established in 2008 in Dubai, United Arab Emirates, as an Islamic commercial bank. Sharia-compliant financial services, including retail, corporate, and investment banking, are provided across the UAE. Operations are centered in Dubai, with a focus on ethical financing and deposit products. The institution is led by CEO liban Noor, supporting regional economic activities through compliant banking practices.
Who are the top competitors of Noor Bank?
Noor Bank's top competitors include Citi, Scotiabank and Bank of America.
Who are Noor Bank's investors?
Noor Bank has 1 investor. Key investors include Dubai Islamic Bank.