Emirates Islamic has launched a digital investment service enabling customers to buy, sell and store gold and silver through its mobile banking app, in a move aimed at expanding access to Sharia-compliant wealth solutions in the UAE. The bank said the service allows users to manage precious metal investments via the EI+ Mobile Banking App, where a dedicated “Wealth” section facilitates trading in certified physical gold and silver bars.
Customers can begin investing with a low entry point and have the flexibility to sell holdings at any time. The platform also offers multiple redemption options, including cash payouts, partial withdrawals and physical delivery of the metals.
Emirates Islamic said all assets available on the platform meet international and UAE quality standards. Gold bars comply with London Bullion Market Association and Dubai Good Delivery benchmarks, while silver bars meet UAE Good Delivery requirements. The metals are sourced from approved refiners and stored in secure vaults.
Bank officials said the initiative is designed to provide a simple and transparent way for customers to diversify savings, particularly as gold and silver continue to be viewed as relatively stable assets during periods of inflation and market uncertainty.
Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic, said the launch reflects the bank’s focus on digital innovation within Islamic finance, offering customers a secure and Sharia-compliant investment option.
Ebrahim Qayed, Head of Treasury and Markets, said the product enables customers to preserve value and manage finances with greater confidence.
The bank added that the new service forms part of its broader strategy to enhance digital banking capabilities and respond to evolving customer needs across the UAE.
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