Noor Bank today announced it has been appointed a distribution agent by National Bonds Corporation (NBC), to extend the availability of the savings programme.

A Memorandum of Understanding (MoU) was signed in this regard by Hussain Al Qemzi, GCEO, Noor Investment Group, and CEO Noor Bank and Mohammad Qasim Al Ali, CEO of National Bonds Corporation, at Noor Bank s headquarters.

The agreement will enable U.A.E. residents to benefit from the savings scheme s profit sharing Mudaraba structure whilst enjoying its richest rewards programme, by purchasing National Bonds from any of the 12 Noor Bank branches located in Dubai, Sharjah, Abu Dhabi and Al Ain.

As part of the agreement, National Bonds will also join Noor Bank's Direct Debit Scheme (DDS) platform recently facilitated by the U.A.E. Central Bank. This will allow Noor Bank to register any National Bonds customer with the DDS without the necessity of him or her maintaining an account with Noor Bank.

Hussain Al Qemzi, GCEO, Noor Investment Group, and CEO Noor Bank, said: "We are delighted to announce this partnership that takes forward our relationship dating back to 2007. This collaboration will allow us to add yet another innovative and rewarding product to our portfolio, enabling us to offer a more comprehensive banking experience to our clients. It is yet another example of Noor Bank s commitment to delivering innovative, convenient and integrated banking solutions." Mohammad Qasim Al Ali, CEO of National Bonds Corporation, said: "We are confident that our strategic agreement with Noor Investment Group will complement our vision of cultivating a healthy and sustainable savings culture in the U.A.E. As part of this priority, our association with a reliable and customer centric partner such as Noor Bank will certainly strengthen our ultimate goal to make saving a convenient experience for all. We look forward to sharing our unique savings products with Noor s discerning customers to inspire them in becoming financially informed and more empowered."

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