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Emirates Islamic Gold Certificate offers customers options to invest in gold.

Emirates Islamic has announced the relaunch of its Gold Certificate product, making it more attractive to customers looking for a convenient way to invest in physical gold bars and ensure their safekeeping.

Emirates Islamic Gold Certificate offers depositors flexibility to redeem or take back their physical gold bars at any time. The customers can purchase physical gold at live prices linked to international markets. The Gold Certificate is fully Shari'ah compliant, because it is backed by actual physical gold. Emirates Islamic has also tied up with world-class custodians so that customers do not have to worry about storage, theft or protection costs.

Faisal Aqil, Deputy CEO - Consumer Wealth Management, Emirates Islamic, said: "As one of the leading financial Islamic institutions in the UAE, Emirates Islamic is pleased to offer our customers with a robust product that will enable them to invest in physical gold. This year our Gold Certificates are being offered to customers with enhanced security and flexibility, which highlights our role as an innovative, customer-oriented and customer-friendly one-stop financial solution provider. We would like to reach out to our customers to ensure them that buying gold has become so much more convenient with Emirates Islamic's exceptional product that offers all the benefits of owning gold without any hassles."

The Gold Certificates are issued in lieu of gold bars with specific gold bar numbers, and are available in denominations of 100 grams, 500 grams and 1kg, in purity of 995 as well as 999.9. The enhanced Gold Certificate offering augments the bank's existing product line up, and is in line with the bank's strategy to provide innovative Shari'ah compliant solutions and products to customers from all segments of the society.

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Publication:CPI Financial
Geographic Code:7UNIT
Date:Feb 26, 2014
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