Key Takeaways: Emirates NBD is one of the leading banking service providers in the United Arab Emirates with over 17 million users in 13 countries globally. The bank offers a mutual-fund investing features through its platform, however, it doesn't allow the purchasing of individual stocks.
If you want to buy individual stocks like Amazon or Apple, you will need to go through a secure, regulated and licensed broker. The best brokerage platform for Emirates NBD Bank account holders is the eToro exchange. On eToro, you invest in stocks, ETFs, indices, commodities, currencies and crypto.
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Can I Buy Stocks with Emirates NBD?
No, Emirates NBD does not provide direct stock trading capabilities through its online banking portal or mobile application. Nevertheless, Emirates NBD permits its clientele to transfer traditional currency to authorized and compliant securities trading platforms. This implies you can transfer AED, USD, or EUR to a brokerage platform via bank transfer, or debit card/credit card deposit to gain entry to stocks and other financial instruments.
How to Buy Stocks with Emirates NBD
The most straightforward way to acquire stocks from an Emirates NBD bank account is by utilizing a certified and regulated online broker like eToro. eToro is a worldwide recognized and controlled securities trading platform, regulated by financial authorities in the United Arab Emirates, the United Kingdom, and the United States. With this approach, you can trade more than 3,700 stocks, ETFs, commodities (Gold & Silver), currencies, cryptocurrencies, and more directly from an Emirates NBD bank deposit.
Follow this simple guide to get started:
- Open an account on eToro and complete the verification process.
- Tap 'Deposit Funds', pick a method and send money from your Emirates NBD account.
- Go to the search bar, find the asset you want to purchase and click 'Trade'.
- Enter the amount you'd like to invest and select the 'Set Order' button.
Can I Buy Emirates NBD Stocks or Shares?
Yes, it is possible to invest in shares of Emirates NBD. As one of the most sizable banking groups in the Middle East based on assets, Emirates NBD is a publicly listed company, allowing investors worldwide to own a piece of this financial powerhouse.
Emirates NBD shares are traded on the Dubai Financial Market (DFM), under the ticker symbol 'ENBD'. This ticker symbol represents the company on the exchange and allows potential investors to quickly locate and track the company's stock performance.
About Emirates NBD
Emirates NBD is a leading banking group in the United Arab Emirates. It was established in 1963 as the first local bank in the United Arab Emirates. The bank was initially known as the National Bank of Dubai (NBD) until it merged with Emirates Bank International (EBI) in 2007 to form Emirates NBD. Emirates NBD is majority-owned by the Government of Dubai with a 58.4% stake.
The bank has been awarded ‘Best Bank in the UAE’ by The Banker magazine for five consecutive years from 2013 to 2017. Emirates NBD is one of the largest banks in the Middle East in terms of assets and is also one of the top 30 banks in the world. Furthermore, it offers a wide range of Sharia-compliant products and services including deposit accounts, financing, investment and wealth management solutions.
Final Thoughts
In conclusion, while Emirates NBD does not offer direct stock trading capabilities through its online banking portal or mobile application, you can still buy stocks using your Emirates NBD bank account. By utilizing a certified and regulated online broker like eToro, you can trade a wide range of financial instruments directly from your Emirates NBD bank deposit. Additionally, it is possible to invest in shares of Emirates NBD itself, as the company is publicly listed on the Dubai Financial Market (DFM) under the ticker symbol 'ENBD'.
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