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Education

NOOR QUALITY EDUCATION

MADE ACCESSIBLE

Being committed to serving our community we had to provide banking services to finance a vital sector such as education. We developed “Noor” as an education financing package according to Sharia regulations by paying the full fees in advance for seats at an educational institution and then leases the seat to a client at a reduced profit margin agreed upon by the client, the bank, and the educational institution.

Features and Benefits

– Free bank statements through E-banking which offers other electronic services as well
– Easy and safe access to your account through the AlNile Mobile service.
– A semi-annual statement.
– A chequebook.
– Payment of Standing Instructions/Transfers.
– Competitive service charges.

Documents Required

  • A financial claim, signed and stamped, from the educational institution providing the service.
  • Provide a copy of the beneficiary’s identification document (National Number, National ID, a valid passport)
  • Provide a guarantee cheque and the guarantor’s identification document (National Number, National ID or a valid passport)
  • All the required documents should be collected in a file and submitted to the closest branch to the beneficiary.
  • Terms and conditions apply