Noor Islamic Bank holds its first grand draw for the 'Win-Win' Deposits campaign

This is in addition to the three Toyota Yaris awarded already as part of the weekly draw. The winner of the BMW grand prize also received free comprehensive motor coverage from Noor Takaful.

Noor Islamic Bank has launched an extensive campaign to reward customers that place deposits with the bank. To avail this offer, customers need to make a specific minimum deposit in Savings, Dual Savings or Savings Plus accounts.

Term Deposit holders with a specific minimum monthly balance or an Investment Deposit account are also eligible for the promotion. The Bank is also offering up to 7% anticipated profit rate on Investment Deposits.

Galal Kulaib, CEO, Noor Islamic Bank, said:

"The deposit campaign is part of our strategy to provide our valued customers the right products and tools to help them earn enhanced returns on their funds deposited with us. This campaign is geared towards offering customers dual benefits, competitive anticipated profit rates and an opportunity to win a brand new car every week."

As part of the free motor coverage value package provided by Noor Takaful, the monthly grand prize winner can avail of 24 hour road side assistance, agency repairs, and coverage extension to Oman. Noor Takaful also offers its customers multi-policy discounts and flexible takaful benefits to meet individual coverage needs.

Noor Islamic Bank's promotion initiative is extended to new and existing customers that open savings and investment deposit accounts with the bank. Each deposit will earn entries into the draw.

The promotion is available through Noor Islamic Bank branches, service centres, and all electronic distribution networks in Abu Dhabi, Dubai, and Sharjah.

With 14 locations across the UAE, Noor Islamic Bank plans to expand its network with six more full service branches over the next few months, taking the total number to 20 by year-end.

Launched in January 2008, Noor Islamic Bank has earned a solid reputation for performance, premium service and customer care and augmented its electronic banking network to cover more than 84 ATMs across the UAE.

In addition, the bank also provides round-the-clock accessibility and convenience to its clients through its self service facilities of Internet banking, phone banking, SMS as well as electronic cash and cheque deposit services.