Dubai, UAE – Emirates Islamic, a leading Islamic financial institution in the UAE, has introduced a groundbreaking Shari’ah-compliant digital investment solution for gold and silver, now fully integrated into its EI+ Mobile Banking App. This initiative marks the first time an Islamic bank in the UAE has offered such a service, reinforcing the bank’s commitment to innovation and customer-focused financial solutions.
The new platform allows customers to securely buy and sell certified physical gold and silver bars, offering a convenient way to diversify their investment portfolios and protect long-term value. Through the app’s dedicated “Wealth” section, users can easily manage their investments anytime using their smartphones, making sophisticated wealth management more accessible than ever before.
Designed to cater to a wide range of investors, the solution features a low minimum investment requirement, enabling more individuals to participate in precious metals trading. Gold and silver, widely regarded as reliable hedges against inflation, provide customers with an opportunity to preserve and grow their wealth even during uncertain market conditions.
In addition to ease of access, the service offers flexible redemption options. Customers can choose partial or full cash withdrawals or opt for physical delivery of their precious metals. The platform also allows investors to sell their holdings at any time, giving them full control and flexibility over their investments.
Emirates Islamic ensures high standards of quality and security for all transactions. Gold bars comply with London Bullion Market Association (LBMA) and Dubai Good Delivery (DGD) standards and include trusted brands such as Emirates NBD, PAMP, and Valcambi. Silver bars meet UAE Good Delivery (UAEGD) standards and are sourced from reputable providers. All precious metals are stored in secure, high-grade vault facilities.
Commenting on the launch, Deputy CEO Mohammad Kamran Wajid said the initiative highlights the bank’s strong focus on digital innovation in Shari’ah-compliant wealth management, offering customers a transparent, robust, and accessible investment platform. Mohamed Al Hadi, Head of Retail Banking and Wealth Management, added that the service aligns with the bank’s strategy to empower customers and strengthen relationships through modern, user-friendly financial solutions.
Ebrahim Qayed, Head of Treasury and Markets, emphasized that gold and silver remain key tools for preserving value and hedging against inflation. He noted that the new platform provides customers with a flexible and reliable way to manage and grow their wealth while staying aligned with Shari’ah principles.
The launch reflects Emirates Islamic’s ongoing commitment to delivering innovative, ethical financial products that meet the evolving needs of its customers while maintaining strict adherence to Islamic banking values.