DUBAI – Emirates Islamic has announced the launch of a pioneering digital precious metals investment service, becoming the first Islamic bank in the UAE to offer gold and silver trading directly through a mobile banking platform.
The new feature, integrated into the EI+ Mobile Banking App, provides a seamless, Sharia-compliant pathway for investors to diversify their portfolios with physical assets using modern digital tools.
Investing at Your Fingertips
The service is housed within a dedicated ‘Wealth’ section of the bank’s app, allowing users to buy and sell certified physical bars with just a few taps. Designed with accessibility in mind, the platform offers a low entry point, making precious metal ownership feasible for a broader range of customers.
Key features for investors include:
- Instant Liquidity: Flexible options to sell assets at any time based on real-time market needs.
- Versatile Redemptions: Investors can choose to receive their returns via cash redemption, partial withdrawals, or even physical delivery of the metals.
- Full Transparency: Real-time tracking and management of holdings within the secure banking ecosystem.
Certified Quality and High-Security Storage
To ensure the integrity of the investment, Emirates Islamic has partnered with trusted refiners to source metals that meet the highest international and local benchmarks.
- Gold Standards: All bars comply with the London Bullion Market Association (LBMA) and Dubai Good Delivery standards.
- Silver Standards: Bars meet the UAE Good Delivery requirements.
- Storage: The physical assets are held in high-security, insured vaults, providing peace of mind for digital traders.
"The launch of this platform offers our customers a secure and modern way to invest while staying strictly aligned with Shari’ah principles," said Mohammad Kamran Wajid, Deputy CEO of Emirates Islamic.
A Hedge Against Uncertainty
Bank officials highlighted that gold and silver remain perennial favorites for investors seeking stability. In an era of global inflation and market volatility, these metals serve as a "safe haven" asset.
Ebrahim Qayed, Head of Treasury and Markets at Emirates Islamic, noted that the product gives customers a practical way to preserve value and manage their finances with greater confidence.
Driving the Digital Islamic Frontier
This launch is a strategic move in Emirates Islamic’s wider digital transformation journey. By bridging the gap between traditional asset security and fintech convenience, the bank is positioning itself as a leader in the evolving Islamic finance landscape.
As the UAE continues to grow as a global hub for both gold trade and digital banking, this service provides a timely solution for residents looking to grow their wealth through ethical, transparent, and highly accessible means.
