Emirates Islamic has announced the expansion of its Treasury and Markets offerings with an innovative line-up of Commodity Hedging Solutions.
The launch marks a pivotal milestone for Emirates Islamic further reinforcing its commitment to the ‘We, the UAE 2031’ vision.
With the rise in sophistication in the Islamic finance industry, such products are accelerating growth momentum in the region and setting new standards in innovation. The introduction of this new asset class empowers businesses to effectively manage risk and navigate commodity markets with confidence and maintain stability and cashflow.
Major expansion
Now live, Emirates Islamic’s Commodity Hedging Solutions mark a major expansion of the bank’s Treasury and Markets capabilities enabling the team to deliver bespoke, Shariah-compliant risk-management solutions across commodities, profit-rate hedging solutions and FX options.
“We are pleased to achieve this key milestone in Emirates Islamic’s journey. The launch of our Commodity Hedging Solutions and the completion of our inaugural transaction underscore our dedication to serve our customers, build communities and create lasting value powered by innovation,” noted Mohammad Kamran Wajid, Deputy Chief Executive Officer, Emirates Islamic.
Responsible financial ecosystem
“With insight, transparency and discipline, Emirates Islamic is helping to build a more responsible financial ecosystem for the UAE and beyond,” explained Ebrahim Khalil Qayed, Head of Treasury and Markets, Emirates Islamic.
This new offering reinforces Emirates Islamic’s role as a trusted, stable and growth-oriented Islamic bank that actively partners with clients over the long term and supports the UAE’s economic development agenda, a press statement concluded.
