Emirates Islamic has become the first Islamic bank in the UAE to offer a fully digital, Sharia-compliant investment solution in gold and silver, rolled out through its EI+ Mobile Banking App.
The service allows customers to buy and sell certified physical gold and silver bars directly from their smartphones via the app's dedicated Wealth tab. Investors can start with a low minimum investment and choose from flexible redemption options, including partial or full cash redemption or physical delivery of their holdings.
Gold bars offered through the platform meet London Bullion Market Association and Dubai Good Delivery standards, with trusted names such as PAMP and Valcambi available. Silver bars comply with UAE Good Delivery standards. All metals are held in high-security vault storage.
Mohammad Kamran Wajid, Deputy CEO at Emirates Islamic, said the launch reinforces the bank's position in digital Islamic banking and reflects its commitment to making sophisticated wealth management tools more accessible to retail customers.
The solution is designed to appeal to investors looking to hedge against inflation while staying within Sharia guidelines. Customers can sell their holdings at any time, regardless of market conditions, adding a layer of flexibility that sets the offering apart from traditional precious metals investment routes.
The move is part of a broader push by Emirates Islamic to deepen customer relationships through technology-driven financial products that align with Islamic principles and the evolving needs of UAE investors.
News Source: Dubai Media Office
