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In a new announcement, Emirates Islamic Bank notified customers of the Digital Wealth platform that they will be able to trade in stocks with zero commissions from January 1 until March 31 of this year.
The most innovative UAE bank
Emirates Islamic (EI) unveiled the launch of a digital wealth and equity trading platform, now available on its EI+ mobile banking app. It also stated that it is the first Islamic bank in the UAE that offers this feature to its customers.
The new platform will allow users to easily manage their investments by trading in Shariah-compliant equities in both international and local markets. At the same time, it will also provide a holistic view of the entire investment portfolio held with the bank.
EI’s acting head of Retail Banking and Wealth Management, Mohamed Al Hadi, commented on the move, stating that EI is constantly working on strengthening and growing its digital offerings for the customers’ benefit.
“The new Digital Wealth platform is in line with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities. Further, it is a part of the bank’s digital-first approach that has rapidly gained traction over the years. With customer satisfaction at the heart of everything we do, we remain committed to leading innovation and driving growth in Islamic banking and finance.”
Meanwhile, EI’s head of Wealth Management, Syed Muhammad Umair, also commented, saying that EI continues to be at the forefront of driving digital banking innovation in the Islamic financial industry. It provides customers with the best-in-class solutions through its digital banking channels.
Zero-fee introductory offer that ends on March 31
Another great benefit for the customers is the bank’s announcement about zero commissions until the end of March. This comes as a special introductory offer for the new platform, meant to encourage users to engage in stock trading without having to pay for fees for the entire first quarter of this year.
The platform comes with market updates regarding users’ portfolios, as well as watchlists and a range of investment tools. Some of these tools include historical and intraday charts that allow users to perform technical analysis.
Furthermore, users also have access to independent analyst assessments, as well as sume essential market consensus data. With all of this at their disposal, they will be able to study the market before making a move, and make med decisions. Best of all, all of this is available in the same place, so users will no longer have to consult a number of different platforms for advanced tools, charts, and experts’ insight.
For investors who wish to explore potential investment prospects based on different factors, such as dividend yield, country, analyst targets, sectors, and more, the platform offers access to a stock screening tool, which will allow all that and more.
