Opening an account with Noor Islamic Bank
from 1500 c.u.
Noor Islamic Bank is one of the banks that, despite its very short history by the standards of financial institutions, not only sets itself big goals but also achieves them by entering the list of the largest investment companies.
Noor Islamic Bank is unique in that its work is based on strict adherence to Sharia law. Despite the fact that this imposes certain restrictions, at the same time, such a policy excludes fraud and illegal enrichment of both employees and customers of the bank.
Half of the block of shares is in the hands of the state. The Board of directors determines the strategy for the development and operation of the bank, as well as the main conceptual points.
Noor Islamic Bank provides the following services:
- Bank operations;
- Work with the Internet banking system;
- Opening of deposit accounts;
- Issue of credit cards, including registered ones;
- Call-account;
- Opening not only personal, but also corporate accounts.
Documents that are required to open an account and features of work:
- Only a person with UAE citizenship can be a manager;
- Mandatory presence of both the manager and the non-resident shareholder is required at the time of account opening;
- For corporate accounts, originals and copies of registration and statutory documents are required. These must be notarized;
- To open a personal account – an extract on the movement of funds from the bank where you already have an account;
- It is required to provide all notarized documents of persons who will further manage the company’s finances;
- Resume for all founders is mandatory;
- Documents confirming registration;
- Letter of recommendation from the bank and legal address of the company, if you want to open a corporate account.
Please note that all documents must be submitted in English. If these are not initially available, then the entire package will need to be translated and certified.
For participants of the investment program, the service “Account for three days” is available. In this case, participation in the program is offered with a mandatory contribution to one of the proposed investment projects. According to the terms, the client shall replenish the account every month for three years in the amount of 300 USD, and will be able to use the savings only after these three years.
Since Noor Islamic Bank is focused on Shariah-compliant clients, the time to open an account may vary from case to case and depend on the mentality of consultants and clients. At the same time, the standard time for opening a current account is from three weeks, subject to a mandatory activation deposit in the amount of 2500 USD or more.
Oleg Venediktov
General counsel of VIP Departament
Also, our company provides licensing services for various types of activities
You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com
Contact:
