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Noriba Bank (BSC) (c) wishes to thank

Dr. Abdul Latif Kanoo for providing access
to his private collection of Islamic art and
allowing the photography of the pieces
contained in this brochure.
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Noriba.
A new era in Sharia-compliant banking.
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Combining Sharia-compliant
Combining Sharia-compliant
banking with performance
banking with performance
Our name is our mission. Noriba has been
established for the purpose of providing our clients
with competent and innovative Sharia-compliant
investment products and services.

Bolstering our presence is a network of highly

qualified financial specialists committed to supporting
our worldwide initiative of offering an innovative
and Sharia-compliant approach to investment. We
are proud to be a member of the UBS Group,
Switzerland’s largest bank and the world’s leading
provider of private banking services. This affiliation
means not only that we have access to the
resources and expertise of one of the leading global
financial services firms, but also that you have
access to Noriba products and services wherever you
may be situated.

Combining Noriba’s capabilities
with its know-how in Sharia-
compliant banking results in
investment products and services
designed to meet clients’ needs
while strictly adhering to the
guidelines of the Sharia under
the supervision of Noriba’s
Sharia Board. We are strongly
committed to increasing the
range of these products in an
effort to fulfill the demands of
this growing market.
Our clients, and the relationships we share with
them, are the focus of our every effort. It is our
goal to foster the depth of trust that engenders
solid and long-term client relationships.
Not least of all, we are committed to innovation.
The founding of Noriba is in itself an innovative act,
and the same holds true for our concept.
We are confident that our new approach to Sharia-
compliant investment will not only be of benefit to
our clients, but will also shape the way Sharia-
compliant banking is done and understood.

Mohamad Toufic Kanafani

Chief Executive Officer
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Noriba is committed to developing innovative

investment vehicles and to providing our clients
with a variety of investment opportunities from
a wide range of Sharia-compliant products
and services.
2Noriba Corporate brochure 28/9/02 2:51 pm
Noriba caters on a
worldwide basis to institutions
and high net worth individuals
who wish to benefit from
outstanding performance
possibilities even as they
maintain a strictly Sharia-
compliant approach in their
investments.
Page 8
About
About Noriba
Noriba
Noriba Bank (BSC) (c) was incorporated in the
Kingdom of Bahrain on May 19, 2002, as a Bahraini
Joint Stock Company (closed). It is a regulated
investment banking entity under the authority of the
Bahrain Monetary Agency. The Bank, a wholly
owned subsidiary of Switzerland’s UBS Group, is a
global Sharia-compliant wealth management fir m
dedicated to servicing institutions and private clients
throughout the world. Noriba was established to
provide the global market with competent and
innovative Sharia-compliant investment products
and services.
The Bank offers a wide range of investment
products and services, including mutual funds, trade
investments, Islamic bonds, real estate, leasing,
foreign exchange and wealth management services.
The financial professionals at Noriba, backed by the
internationally renowned expertise of UBS, provide
clients with personalized advice and a range of
exceptional Sharia-compliant investment
opportunities that offer the potential of maximum
benefit even as the associated risks and ethical
dimensions are rigorously controlled. Dedicated
product specialists and support personnel provide
the structuring of investment vehicles that adhere
to the guidelines set by the Noriba Sharia Board.
Bahrain is home to Noriba’s flagship office. The
Bank envisages the establishment of other office
networks in various countries throughout the world
in an effort to provide the finest of personalized
service to Noriba’s global client base.
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A careful, disciplined and systematic approach

lies at the core of Noriba’s Sharia-compliant
investment process.
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Products and
Products and services
services
Noriba offers a wide range of Sharia-compliant
investment products and services allowing the
Bank’s clients choice, flexibility and diversification.
The Bank is committed to developing innovative
products and to being a global leader in Sharia-
compliant product development.

Noriba’s product and service offerings include:

Wealth management
Portfolio management
Mutual funds
Trade investments
Private equity
Islamic bonds
Real estate
Leasing
Foreign exchange
For more detailed information, please refer to our
Alternative investments product fact sheets or contact us for assistance.
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Noriba,s broad reach and commitment to

a global mission means that you can access
the Bank ,s products and services wherever
you may be situated.
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With an asset base of CHF 2.468 trillion

(USD 1.469 trillion) and more than 70,000 individuals
under its employ, UBS ranks as one of the largest
financial institutions in the world and has been
accorded superior ratings by all major international
rating agencies. In 2001, UBS’s total revenues
amounted to CHF 36.4 billion and net earnings
stood at CHF 4,973 million. Its core business
activities center on private banking, asset
management and investment banking on an
international scale, as well as retail and commercial
banking in Switzerland. With CHF 697 billion in
assets under management, UBS is the world leader
in private banking. UBS combines innovation and
global reach with the traditional Swiss values of
discretion and financial stability.*

* All figures as at 31 March 2002.

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Your preferred
Taking the time to
understand your
investment goals allows
Noriba to provide you
with investment products
and services that are
tailored to your specific
requirements.
Your preferred partner
partner
Investing one’s wealth is no
simple task, and finding
a p p ro p riate - yet secure -
investments can be daunting.
That’s where the financial
professionals at Noriba come in.
Noriba’s relationship managers provide you with
professional investment advice that is specifically
tailored to your requirements. Their task is to
always know your needs, your investment objectives
and the state of your assets with the Bank.
Developing a partnership means taking the time to
get to know you. Do you want your assets to
provide you with a regular source of income, or are
you aiming for capital gains over the long term?
What is your investment horizon? Can you cope
with significant capital fluctuations? Are you
prepared to endure volatility in the financial markets
in order to benefit from future market gains?
Noriba offers you means of addressing all of these
issues - with people you can trust for their
competence, professionalism and discretion.
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Noriba navigates the world of Sharia-

compliant investment with precision and expertise,
providing you with
highly personalized advice
and a diverse range of
innovative investment
products and services.

The best of
The best of two worlds
two worlds
The process by which Noriba’s
investments are designed and
executed allows the Bank to
offer a combination of Sharia
compliance and capital markets
expertise that is unique
throughout the world.

Noriba is committed to the strict adherence to the

guidelines of the Sharia as a result of the Bank’s
sole focus on Sharia-compliant investments and the
full supervision of its financial products and
transactions by the Noriba Sharia Board.

Noriba experts specifically design each of the Bank’s

investment products with the approval of the
Noriba Sharia Board. Once the given product or
transaction has been arranged, the Noriba Sharia
Board carefully screens it for compliance befor e
giving final approval for its implementation. This
control mechanism guarantees that all aspects of
Noriba’s final products and banking transactions are
in adherence with the guidelines of the Sharia.
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Each of Noriba’s products, services and

investment transactions is in compliance
with the guidelines of the Sharia as set by
the Noriba Sharia Board.
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Bringing together the best of two worlds,

Noriba offers you a combination of
expertise and strict adherence
to the guidelines of the
Sharia that is unmatched
in the world.

Noriba Sharia
Noriba Sharia Board Sheikh Nizam Yaquby - Bahrain
Board Chairman of Noriba Sharia Boar d
The Noriba Sharia Board is comprised of distinguished Sheikh Yaquby is a prominent Islamic scholar
scholars who are globally recognized for their high educated at McGill University in Canada and the
standards of teaching and expertise in the field of University of Wales. He has studied under the
Sharia compliance: guidance of some of the world’s preeminent Islamic
scholars. Sheikh Yaquby served as a Khatib, giving
hundreds of sermons at mosques in Bahrain over a
period spanning ten years. He has over two decades
of experience in teaching Islamic subjects and has
authored several research papers. He serves as a
Sharia advisor to a number of financial institutions
globally.
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Dr Abdul Sattar Abu Ghuddah - Syria
Dr. Abu Ghuddah is an Islamic scholar educated in
Damascus and Al Azhar University, Cairo. He sits on
the Sharia Board of several financial institutions
around the world, including that of the Dow Jones
Islamic Index. Dr. Abu Ghuddah has researched and
published numerous papers and verified many
Islamic manuscripts. He is a member of the
International Islamic Fiqh Academy as well as the
Islamic Accounting & Auditing Standards Board.
Dr Mohammed Elgari - Saudi Arabia
Dr. Elgari is an associate professor of Sharia-
compliant economics and the director of the Center
for Research in Islamic Economics at King Abdulaziz
University in Saudi Arabia. He is also an advisor to
several financial institutions throughout the world
with regard to Islamic finance, and has written a
number of books on Islamic banking. Dr Elgari also
sits on the Sharia Board of the Dow Jones Islamic
Index. He is an expert at the Islamic Jurisprudence
Academy (OIC) in Jeddah, as well as a member of
the International Islamic Fiqh Academy and the
Islamic Accounting & Auditing Standards Board.
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This brochure is intended for information purposes only. In making any investment decision, investors must rely on their own examination of the products and services
being offered, including the merits and risks involved. Services, products and prices may change at any time without prior notice. Certain products and services are
subject to legal restrictions in some jurisdictions and cannot be offered worldwide on an unrestricted basis.
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Noriba Bank (BSC) (c)

PO BOX 18189
Manama
Kingdom of Bahrain
Tel: +973 588400
Fax: +973 583373

Noriba is a member of the UBS group