Latest news with #ethicalFinance
Zawya
15-05-2025
- Business
- Zawya
AlHuda CIBE support to Royal Bullion Capital to launch Shariah-compliant gold trading platform
Dubai – UAE: AlHuda Center of Islamic Banking and Economics (CIBE) and Royal Bullion Capital Trading (RBCT) have signed a landmark agreement to establish a fully Shariah-compliant gold trading platform in the UAE. This collaboration underscores both organizations' commitment to ethical finance and innovation in the precious metals industry. Under the agreement, AlHuda CIBE will provide comprehensive Shariah advisory and consultancy services, including product review, certification, training, and market penetration strategies. The initiative aims to cater to the growing demand for Islamic financial solutions in the gold trade sector. Mr. Katragadda Murali Krishna, Founder & CEO of Royal Bullion Capital Trading, remarked: "With over 15 years of experience in the gold trade, we recognize the importance of aligning our operations with Shariah principles to serve a broader audience. Partnering with AlHuda CIBE, a pioneer in Islamic finance, allows us to integrate ethical standards into our business model while maintaining excellence in gold trading. This collaboration marks a significant milestone in our journey toward sustainable and inclusive growth." Mr. Muhammad Zubair, Chief Executive Officer of AlHuda CIBE, stated: "We are excited to collaborate with Royal Bullion Capital Trading to deliver a robust Shariah-compliant gold trading platform. Our expertise in Islamic finance, combined with RBCT's industry leadership, will set a new benchmark for ethical trading practices. This project reflects our shared vision of promoting financial inclusivity and adherence to Islamic principles in global markets." AlHuda Centre of Islamic Banking and Economics (CIBE), a leading global provider of Islamic finance advisory and capacity-building services, has officially entered into a strategic partnership with Royal Bullion Capital Trading, UAE. The collaboration focuses on launching a fully Shariah-compliant gold trading platform, marking a significant milestone in ethical and faith-based financial innovation within the precious metals sector. Under this partnership, AlHuda CIBE will provide comprehensive Shariah Advisory and Consultancy Services to Royal Bullion Capital Trading. The scope of services includes product structuring and certification, annual Shariah advisory, training and capacity building, development of a market penetration strategy, and assistance with company registration and licensing. The initiative is set to enhance compliance with Islamic financial principles while promoting investor confidence and expanding market reach. This partnership reflects a shared vision of transforming the traditional gold trading landscape into one that fully complies with Islamic finance principles, creating new opportunities for growth, trust, and global engagement. About the Organizations AlHuda CIBE is a globally recognized institution specializing in Islamic banking, finance, and capacity building. With a presence in over 35 countries, it offers advisory, research, and training services to promote ethical financial systems. Royal Bullion Capital Trading is a leading Dubai-based gold trading firm with a legacy of excellence in bullion trade, investment, and logistics. Under the leadership of Mr. Murali Krishna, RBC has emerged as a trusted name in the precious metals industry. For Media Contact: Ms. Shaguftta Perveen Manager Communications, info@
Zawya
09-05-2025
- Business
- Zawya
O Gold and Mawarid Finance announce strategic partnership to launch the region's first Shariah-compliant gold-backed prepaid card
Dubai, United Arab Emirates – In a landmark move for ethical finance and fintech advancement, O Gold, the UAE's leading digital gold investment platform, has partnered with Mawarid Finance, a premier UAE-based Shariah-compliant financial institution established in 2006, to jointly develop and launch the region's first Shariah-compliant prepaid card backed by physical gold. Founded to democratize access to precious metals, O Gold offers users a seamless platform to buy, sell, lease, and redeem physical gold and silver—whether for investment or everyday use. With features like physical redemption and gold-backed savings tools, O Gold is redefining how individuals engage with real assets in a digital-first era. Backed by partnerships with globally recognized entities such as SAM Precious Metals and AKW Consultants, O Gold brings physical and digital gold to users' fingertips. Mawarid Finance, a premier UAE-based Shariah-compliant financial institution established in 2006, offers a comprehensive suite of ethical banking and finance solutions. With a mission to support ethical growth through innovative financial services, Mawarid serves individuals, SMEs, and corporate clients—championing transparency, social responsibility, and integrity in all its operations. This strategic collaboration aims to reshape how individuals interact with gold—transitioning it from a traditional store of value into a dynamic, ethical financial tool. Built on shared values of trust, transparency, and compliance with Islamic finance principles, the initiative reflects growing demand for real asset-backed solutions in the digital age. 'Our objective is to offer customers ethical financial products that combine timeless value of gold with practical modern use,' said Bandar Alothman, Founder of O Gold. 'This partnership with Mawarid Finance is a significant milestone in our mission to bring inclusive and Shariah-compliant innovation to the market.' 'Leveraging our deep expertise in Shariah-compliant finance, Mawarid Finance is excited to collaborate with O Gold on this groundbreaking initiative,' said Rashid Al Qubaisi, CEO of Mawarid Finance. 'This partnership allows us to extend the benefits of real asset-backed value to a wider audience through a convenient and ethically sound prepaid card.' The initiative is designed to serve a wide range of users seeking ethical, secure, and asset-backed financial alternatives—reinforcing both organizations' commitment to responsible innovation.
