IslamicFinance.de

Noor Awqaf, the joint venture between Noor Investment Group and the Awqaf and Minors Affairs Foundation (AMAF), have launched a humanitarian project that will give aid agencies around the world access to relief aid Halal meat at times of natural disasters and famine. In conjunction with Awqaf New Zealand, Noor Awqaf has forged links with New Zealand’s meat producers and processors to secure a robust supply chain of quality Halal meat for distribution by aid agencies at times of natural disasters or civil emergencies. The meat will be supplied to aid agencies in sealed pouches to ensure its edibility for two years.

Dubai's Noor Investment Group and a government-run charitable foundation have agreed to set up a joint venture company that will manage funds on behalf of Islamic charities in the United Arab Emirates and beyond.

Noor Investment Group and Awqaf and Minors Affairs Foundation (AMAF) have signed a memorandum of understanding (MOU) to establish 'Noor Awqaf LLC' in the UAE. Noor Awqaf will complement the work of AMAF in offering enabling financial services to Awqaf entities around the world. The MoU was signed by Ahmed Kalim, Deputy Group CEO, of Noor Investment Group and Tayeb Abdel Rahman Al Rayes, Secretary General of AMAF.
Noor Awqaf has been set up as an independent limited liability company, with an initial issued and paid up share capital of Dhs10m. Noor Awqaf is 60% owned by Noor Investment Group and 40% by AMAF.

Babu Das Augustine reported in Gulf News on 26 March that Noor Investment Group, the parent company of Noor Islamic bank, announced a 50:50 joint venture with Adventity BPO India Pvt Ltd. Adventity is an Indian business process outsourcing firm. Both parties aim to set up a business process outsourcing (BPO) facility in Dubai Outsource Zone with a seed capital of Dh50 million targeting Middle East and North Africa region focussing on the financial services outsourcing business.
 
While Noor Islamic Bank and other new ventures from the Noor Investment Group will utilise the BPO services from the new joint venture entity, Adventity already has signed up more than 12 clients in the region.
 
http://archive.gulfnews.com/business/Technology/10200278.html