Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a Sharia-compliant digital investment solution for gold and silver investment, seamlessly integrated into the EI+ mobile banking application.

This product is the first of its kind from an Islamic bank in the United Arab Emirates, as it allows customers to buy and sell certified gold and silver bullion in a safe environment, thus contributing to enhancing their ability to diversify their investment portfolios and preserve their value.

Customers can manage their precious metals investments via their smartphones through the "Wealth" platform within the application, in a move that reflects Emirates Islamic's commitment to adopting the latest technological solutions to provide an advanced banking experience for customers, making it easier to access Sharia-compliant wealth management services and bringing them closer to everyone than ever before.

The new solution allows investors to start with a minimum investment while benefiting from the intrinsic value of gold and silver as traditional hedges against inflation. It also offers multiple exchange options, including partial or full cash exchange or physical bullion, giving traders significant flexibility in managing their investments and selling their bullion at any time, regardless of market fluctuations.

In addition, Emirates Islamic is committed to providing the highest standards of quality and security in its precious metals investments. Gold bars comply with the London Bullion Market Association (LBMA) and Dubai Good Delivery standards and are available from trusted brands such as Emirates NBD, PAMP, and Valcambi. Silver bars also comply with the UAE Good Delivery standard and are available from multiple reputable providers, including Emirates NBD and the UAE Good Delivery program. All precious metals are stored in highly secure vaults.

On this occasion, Mohammed Kamran Wajid, Deputy CEO of Emirates Islamic, said: “We are proud to be the first Islamic bank in the UAE to launch a digital investment service in gold and silver through the EI+ mobile banking app. The launch of this solution embodies our firm commitment to promoting digital innovation in Sharia-compliant wealth management by providing a reliable and transparent investment platform that enhances the value offered to our customers. This achievement also reflects our leading position in the market and confirms our commitment to providing advanced and user-friendly financial solutions that keep pace with the changing developments in the financial sector and support our position as a leading institution in the field of digital Islamic banking.”

For his part, Mohammed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, said: “This new digital offering of gold and silver is a direct response to our core strategic objective of empowering our retail customers and deepening our relationships with them. Our customers can now easily leverage the EI+ mobile banking app to invest in physical precious metals that comply with the provisions and principles of Islamic Sharia, enabling them to make better decisions about their financial future.”

Ibrahim Qaid, Head of Treasury and Markets at Emirates Islamic, said: “Gold and silver are a hedge against inflation and help preserve the value of an investment. As the first Sharia-compliant digital investment solution in the UAE for investing in precious metals, our digital solution provides an easy and flexible way for individuals to confidently manage and grow their wealth, perfectly aligned with their changing needs.”

The launch of this digital solution for investing in gold and silver reflects Emirates Islamic’s ongoing commitment to developing innovative financial products and services that meet the aspirations of its growing customer base, while maintaining full compliance with the principles and provisions of Islamic Sharia.

About Emirates Islamic:

Emirates Islamic, the Islamic banking arm of Emirates NBD Group, is one of the leading banks in the United Arab Emirates. Established in 2004 as Emirates Islamic Bank, Emirates Islamic has proven itself a major player in the country's highly competitive financial services sector.

Emirates Islamic offers its customers a comprehensive range of Sharia-compliant products and services, including retail, business, and corporate banking, through a network of 39 branches and 231 ATMs/cash deposit machines across the UAE. In the field of digital and mobile banking, Emirates Islamic is a pioneer in innovation, being the first Islamic bank to launch a mobile banking application, offering Apple Pay in the UAE, and providing customer chat banking via WhatsApp.

Emirates Islamic has consistently received numerous local and international awards in recognition of its strong track record of performance and innovation in banking services. Emirates Islamic was honored with the "Best Islamic Retail Bank of the Year - Middle East" award, in addition to winning the "Most Innovative Murabaha" award at The Banker Islamic Banking Awards 2025.

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