Banking, Finance & Takaful

Noor Bank Tops 2013 Bloomberg EMEA Islamic Book Runner League Table

imagesLead-managed over $7 billion Islamic capital market mandates across MENA, Europe, South Asia and CIS Countries.

Noor Bank, previously known as Noor Islamic Bank, has topped the 2013 Bloomberg League Table rankings for EMEA Islamic Syndicate Book Runner as well as EMEA Islamic Syndicate Mandated Arranger.

Having successfully lead-managed multiple mandates since its inception in 2008, 2013 proved to be yet another landmark year for Noor. Strong deal flow, innovative Shari’ah structuring combined with seamless execution and distribution capabilities enabled Noor to lead the EMEA Islamic syndicate book runners league table in 2013 from fourth position on the Bloomberg rankings in 2012.

Hussain Al Qemzi, Group Chief Executive Officer of Noor Investment Group and CEO of Noor Bank, said: “Our ability to originate, execute and more importantly distribute such structured finance Shari’ah compliant mandates in multiple jurisdictions including Europe, Middle East, South and Central Asia not only differentiates us from our peers but also affirms our commitment in developing and shaping the regional or, in fact, the global Islamic finance industry.”

He added: “Our leadership position also validates our drive to support Dubai’s ambitions to become the global capital of Islamic economy and lead the transition to ethical finance across the globe.”

During the year, Noor was mandated to arrange and bookrun more than 14 Islamic capital market issuances across various sectors and geographies valued at over $7 billion, further consolidating its status as the leading wholesale Islamic financial services provider in Middle East and beyond.

Source: CPI Financials

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