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Despite local press reports suggesting that the Government of Dubai is behind a plan to bring together three of the Emirate’s Islamic banks – Emirates Islamic Bank, Dubai Bank and Noor Islamic Bank – into one merged entity, Noor Islamic bank has dismissed the reports as nothing but a rumour triggered by one publication. Last week, it issued an official statement to deny the claims.

Despite local press reports suggesting that the Government of Dubai is behind a plan to bring together three of the Emirate’s Islamic banks – Emirates Islamic Bank, Dubai Bank and Noor Islamic Bank – into one merged entity, Noor Islamic bank has dismissed the reports as nothing but a rumour triggered by one publication. Last week, it issued an official statement to deny the claims.

A spokesperson from Noor Islamic Bank said, “Noor Islamic Bank categorically denies the market rumours about any potential acquisition of, or merger with, any financial institution.”

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