Noor Trade launches business credit card for SMEs

Press release

Published August 7th, 2016 - 06:01 GMT

Noor Bank

Noor Trade, a division of Noor Bank providing Shari’a-compliant products and services to small and medium enterprises (SMEs), has introduced a dedicated MasterCard® Business Credit Card for its SME clients.

The card, which comes with no annual fee, is designed to provide seamless convenience for all business related requirements. As a credit card holder, customers can assign the use of the card to individuals within the organisation and allocate spend limits for each individual.

The card also entitles business owners to a wide range of discounts on services such as office furniture, recruitment, concierge and translation services, roadside assistance and more. Additionally, cardholders can avail a variety of MasterCard® offers in dining, shopping, sports, travel and entertainment and enjoy unlimited airport lounge access at select airports across the Middle East. The card is equipped with the latest Chip & PIN technology to provide added security on domestic and international transactions.

Speaking about the new product, Usman Khakwani, Head of Business Banking, Noor Trade, said: “As a vital contributor to the economy, we remain committed to supporting the SME sector through our dedicated platform Noor Trade. Our latest solution reflects our efforts to provide our growing client base with supreme convenience in their day to day business transactions.”

To apply for the MasterCard® Business Credit Card, customers need to submit a completed application form with copies of their passport, as well as attested constitutional documents such as a trade license, power of attorney, memorandum of association and a personal guarantee of ownership/authorised signatory.

Background Information

Noor Bank

Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai - United Arab Emirates.

Among the youngest banks in the country, Noor Bank has achieved significant growth in the past 10 years. Today, in 2018, as we continue to grow, we are ranked the 11th largest bank in the UAE in terms of asset size.

Noor Bank is a full-service Shari’a-compliant bank, offering a comprehensive range of products and services - in corporate and personal banking, wealth management, Takaful (Islamic insurance), treasury and trading. We have a presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.