Dubai - Mubasher: Emirates Islamic Bank has launched a Shari’ah-compliant digital investment solution in gold and silver, becoming the first lender in the UAE to provide this offering, according to a press release.
The service, integrated into the bank’s EI + Mobile Banking App, enables customers to buy and sell certified physical gold and silver bars in a secure environment.
The bank’s clients can begin with a low minimum investment, benefiting from the intrinsic value of gold and silver as traditional hedges of inflation.
Emirates Islamic Bank offers flexible redemption options, allowing for partial or full cash redemption or even physical delivery of their holdings.
It ensures the highest standards of quality and security for all precious metal investments. Gold bars meet London Bullion Market Association (LBMA) and Dubai Good Delivery (DGD) standards, featuring trusted brands such as Emirates NBD, PAMP and Valcambi.
Deputy CEO at Emirates Islamic, Mohammad Kamran Wajid, commented: “This launch underscores our unwavering commitment to driving digital innovation in Shari’ah-compliant wealth management, offering a robust and transparent platform that enhances our overall value proposition.”
He added: “It further solidifies our market leadership, demonstrating our dedication to providing sophisticated, accessible solutions that resonate with the evolving financial landscape and reinforce our position as a leader in digital Islamic banking.”
Ebrahim Qayed, Head of Treasury and Markets, Emirates Islamic, commented: “As the UAE’s first Shariah-compliant digital investment solution in precious metals, our offering provides an accessible and flexible way for individuals to confidently manage and grow their wealth, aligning perfectly with their evolving needs.”
The DFM-listed lender logged net profits before tax valued at AED 3.90 billion in 2025, while the total income amounted to AED 6 billion.
