Dubai – Mubasher: Noor Bank announced that Noor Trade, a subsidiary providing Sharia-compliant products and services to small and medium enterprises (SMEs), has signed an agreement with the Mohamed Bin Rashid Fund (MBRF) to support small and medium sized businesses owned by UAE nationals.
Abdul Baset Al Janahi, CEO of Dubai SME, said Noor Bank will be a valuable addition to the partnership network MBRF is creating to ensure that SMEs in the UAE have the necessary financial tools available for growth and expansion.
“SMEs are critical contributors in our national economy and Dubai sees them as strategic enablers of its 2021 Plan. MBRF is focusing on inspiring entrepreneurs to launch their projects confidently to sustain the entrepreneurial traditions of their country and lead its economic and social development,” said Al Janahi.
Commenting on the agreement, Hussain Al Qemzi, CEO of Noor Bank, said, “This agreement deepens our ties with MBRF, an important Dubai SME initiative which has been developed as a resource for support, information and outreach for the growing small and medium enterprise sector. This initiative will make a positive difference to the national economy by promoting innovation and leadership across all segments of the SME sector.”
