IslamicFinance.de

Noor Islamic Bank had a net operating profit of AED 207 million for the first six months of 2011, on a revenue base of AED 386 million. Net profit for the period ending June 30th was AED 85 million.
Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum stated that their performance resulted from the strategic initiatives and business model realignment that we have been undertaking within the bank over the past 18 months.

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, has assigned Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum as the new chairman of the board of directors of Noor Islamic Bank.
On the other side, Sheikh Mohammed appointed Sheikh Ahmed bin Saeed Al Maktoum as the new chairman of the board of directors of EmiratesNBD bank.