In a pioneering move for ethical fintech innovation, OGold, the UAE’s leading digital gold investment platform, has partnered with Mawarid Finance, a premier Shariah-compliant financial institution, to launch the region’s first prepaid card backed by physical gold—fully compliant with Islamic finance principles.
Founded with the mission to democratize access to precious metals, OGold enables users to buy, sell, lease, and redeem physical gold and silver seamlessly for both investment and everyday use. Its innovative features—such as physical redemption and gold-backed savings tools—redefine how individuals interact with real assets in a digital-first world. The platform is backed by reputable partners including SAM Precious Metals and AKW Consultants.
Established in 2006, Mawarid Finance provides a comprehensive suite of ethical banking and financial services for individuals, SMEs, and corporations. With a firm commitment to transparency, social responsibility, and Sharia compliance, Mawarid champions financial solutions grounded in integrity.
This strategic collaboration seeks to transform gold from a static store of value into a practical financial tool, empowering users with a secure and ethical alternative to conventional banking products. The gold-backed prepaid card combines the timeless value of gold with the convenience of modern payment systems, opening new possibilities for real asset-based, Shariah-compliant financial services.
The gold-backed prepaid card is designed to serve a wide spectrum of users seeking secure, ethical, and asset-backed financial alternatives, reinforcing both organizations’ commitment to responsible innovation in the evolving fintech landscape.
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