New app-based service lets customers buy, sell and store precious metals.
Dubai: Emirates Islamic has launched a new digital investment service that allows customers to buy and sell gold and silver through its mobile banking app, marking a first for an Islamic bank in the UAE.
The fully Shariah-compliant service is designed to make investing in precious metals simpler, safer and more accessible for customers looking to diversify their savings.
Investment through a mobile app
Customers can now manage their gold and silver investments directly through the EI+ Mobile Banking App. A dedicated “Wealth” section allows users to buy and sell certified physical gold and silver bars using their smartphones.
The bank said the service offers customers a simple way to start investing, with a low entry point and flexible options to sell at any time based on their financial needs.
Investors can also choose how they want to receive returns, including cash redemption, partial withdrawals or physical delivery of the metals.
Secure and certified assets
Emirates Islamic said all gold and silver offered through the platform meet strict international and UAE quality standards.
Gold bars comply with London Bullion Market Association and Dubai Good Delivery standards, while silver bars meet UAE Good Delivery requirements. The metals are stored in high-security vaults and sourced from trusted refiners.
Bank officials said gold and silver continue to attract investors because they are often viewed as stable assets during periods of inflation and market uncertainty.
The new service is designed to help customers protect and grow their wealth while ensuring full transparency and easy access.
Strengthening digital banking
Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic, said the launch reflects the bank’s strong focus on digital innovation in Islamic finance.
He said the new platform provides customers with a secure and modern way to invest while remaining fully aligned with Shari’ah principles.
Ebrahim Qayed, Head of Treasury and Markets, said the product gives customers a practical way to preserve value and manage their finances with greater confidence.
The bank said the launch is part of its broader effort to expand digital services and respond to changing customer needs. It added that introducing online precious metal trading strengthens its position in Islamic banking while giving investors across the UAE more choice and flexibility.
