Key Takeaways: Emirates Islamic Bank does not allow the direct investing of shares through its banking platform. Nevertheless, you can still invest in stocks with the funds in your Emirates Islamic Bank account. Simply transfer funds to a secure online broker and buy assets through that platform.
We recommend using eToro, it is a multi-asset trading and investing platform and is available to use in over 140 countries including the UAE. On eToro users can invest in multiple asset classes including shares, ETFs, commodities, indices, fiat currencies and cryptocurrencies.
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Can I buy stocks on Emirates Islamic Bank?
No, unfortunately Emirates Islamic Bank does not offer investment opportunities in stocks. However, there are alternative ways to investing in stocks with an Emirates Islamic Bank account. All you need to do is send funds from EIB bank to a secure, regulated and licensed broker and buy shares directly through the platform.
The best and most affordable secure brokerage platform is the eToro exchange. eToro is a social trading platform that offers multiple unique social features such as Copy Trading, which allows you to mimic the trades of successful traders. Additionally, it has an in-built social media platform where users can discuss trades and strategies.
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How to buy stocks with Emirates Islamic Bank in UAE
The most affordable and secure way to invest in stocks with an Emirates Islamic Bank account is through eToro. eToro offers multiple deposit methods for Emirates Islamic Bank account holders including Credit/Debit Card, Bank Transfer, Skrill, Neteller, Paypal and Payoneer. Follow the below guide to get started.
- Sign Up: Create an account with eToro and complete the verification process.
- Deposit Funds: Choose a method and send funds from Emirate Islamic Bank.
- Buy Asset: Find the stock you want to buy, input the amount and tap 'Buy'.
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Is it expensive to purchase shares?
Not when you use the eToro platform, as it offers the lowest deposit and trading fees out of any online broker globally. This is because it doesn't charge any fees to deposit for Emirates Islamic Bank. Additionally, there are zero fees to trade shares or ETFs, meaning there are virtually zero costs to invest in shares on eToro.
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What is the Emirates Islamic Bank
Emirates Islamic Bank is one of the leading Islamic banks in the United Arab Emirates. The bank was established in 2004 and is headquartered in Dubai. Products and services offered by Emirates Islamic Bank include savings accounts, personal loans, credit cards, investment products, corporate banking, and more. The bank also offers Sharia-compliant banking products and services.
The bank is a member of the Emirates Group, which is one of the largest and most diversified business groups in the UAE. The group has a strong presence in a number of industries, including banking, aviation, hospitality, retail, and more. Emirates Islamic Bank is part of the group's commitment to providing a world-class customer experience. The group's other businesses include Emirates NBD, Emirates Airline, and more.
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