PRESSR: Emirates Islamic launches digital platform for trading wealth and stocks via mobile application (EI+)

• The new digital service enables clients to trade in local and international stocks that comply with Islamic Sharia provisions through the EI+ mobile application.
• Special introductory offer allowing clients to trade without fees between January 1 and March 31, 2024

Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of a Shariah-compliant digital wealth and stock trading platform via its mobile app (EI+), becoming the first bank of its kind in the UAE to offer this feature to its customers. The platform allows customers to easily manage their investments by trading in Shariah-compliant stocks in local and international markets, while providing a complete and comprehensive view of the bank’s total investment portfolio.

The platform is seamlessly integrated into the mobile banking app, allowing customers to easily engage in investment and trading activities, all within the same app that caters to their daily banking needs.

As a special introductory offer, clients using the digital wealth platform will be able to trade stocks commission-free from January 1 to March 31, 2024.

Clients can also use the platform to track market updates related to their investment portfolios, in addition to viewing daily updates on financial market movements. The platform also provides multiple investment tools with historical and real-time charts and technical analysis, in addition to access to independent analysts’ ratings and important data on market consensus.

In addition, clients can also create multiple watchlists to follow stocks and track their favorite securities. The platform provides access to a stock screener to cater to investors looking to explore investment opportunities based on country, sectors, analyst targets, dividend yield, and other indicators.

“Emirates Islamic is constantly enhancing its digital offerings to customers. The new digital wealth platform is in line with our drive to be the most innovative Islamic bank for our customers, employees and the communities we serve. The platform is also in line with the bank’s digital-centric approach that has rapidly gained momentum over the years. With our focus on customer satisfaction at the core of everything we do, we remain committed to driving innovation and growth in Islamic finance and banking,” said Mohammed Al Hadi, Acting CEO, Retail Banking and Wealth Management, Emirates Islamic.

“Emirates Islamic continues to lead the way in driving digital banking innovation within the Islamic banking sector, providing our customers with best-in-class solutions through our digital banking channels. We are proud to be the first Islamic bank in the UAE to offer an innovative service such as the Digital Wealth Platform through a mobile app, making it a comprehensive and integrated platform that caters to customers’ daily banking and wealth management needs,” said Syed Mohammed Umair, Head of Wealth Management, Emirates Islamic.

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About Emirates Islamic:

Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is one of the fastest growing banks in the UAE. Established in 2004 as Emirates Islamic Bank, Emirates Islamic has established itself as a major player in the highly competitive financial services sector in the country.

Emirates Islamic offers its customers a comprehensive range of Shari’a-compliant products and services, including personal, business and corporate banking services through a network of 42 branches and 211 ATMs across the country. In the rapidly growing field of electronic and mobile banking, Emirates Islamic is an innovator, being the first Islamic bank to launch a mobile banking application and offer Apple Pay in the UAE, in addition to launching chat banking services for customers via WhatsApp.

It is noteworthy that Emirates Islamic continues to receive international awards of appreciation. About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is one of the fastest growing banks in the UAE. Established in 2004 as Emirates Islamic Bank, Emirates Islamic has established itself as a major player in the highly competitive financial services sector in the country.

Emirates Islamic offers its customers a comprehensive range of Shari’a-compliant products and services, including personal, business and corporate banking services through a network of 41 branches and 206 ATMs across the country. In the rapidly growing field of electronic and mobile banking, Emirates Islamic is an innovator, being the first Islamic bank to launch a mobile banking application and offer Apple Pay in the UAE, in addition to launching chat banking services for customers via WhatsApp.

Emirates Islamic continues to receive global accolades for its strong financial performance and commitment to service excellence and innovation in Shariah-compliant banking products and services. The bank was named ‘Best Islamic Bank for Customer Experience in the UAE 2020’ at the World Finance Awards 2021, and was also awarded ‘Best Digital Innovation in Islamic Banking’ at the MEA Finance Fintech Summit and Awards in recognition of its commitment to digitisation and service excellence. In addition, the bank was named ‘Best Credit Card in the UAE’ for its Emirates Islamic Skywards Black Credit Card, and ‘Best Credit Card’ for its Emirati Visa Signature Card at the International Finance Awards 2021.

For more information, please contact:
Amina Al Zarouni
Public Relations Manager - Emirates Islamic
Email: AminaAlZarooni@emiratesislamic.ae
Danaisha Golabani
Asdaa BCW, Dubai
Email: Danaisha.Gulabani@bcw-global.com

© Press Release 2023

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