Emirates Islamic launches innovative Commodity Hedging Solutions to empower businesses to navigate commodity market volatility with confidence

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.

Covering commodities including crude oil (Brent crude and WTI crude), natural gas (US Henry Hub), refined oil products (Singaporean Gasoil 10ppm and Singaporean Jet Kerosene) and base metals (aluminium, copper, lead, nickel and zinc), the new solutions reflect Emirates Islamic’s ongoing efforts to meet the evolving needs of its clients.

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.

Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said: “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. This initiative strengthens our role in advancing the nation’s position as a global centre of Shariah-compliant finance, in line with ‘We, the UAE 2031’ vision, through our scale and expanding suite of Shariah-compliant products.”

Ebrahim Khalil Qayed, Head of Treasury and Markets at Emirates Islamic, said: “Today’s market demands increased agility and robust risk management, Emirates Islamic continues to set new benchmarks in Islamic finance. Our new Commodity Hedging Solution is designed to safeguard businesses by allowing them to plan ahead and unlock opportunities for growth. With insight, transparency and discipline, Emirates Islamic is helping to build a more responsible financial ecosystem for the UAE and beyond.”

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.

About Emirates Islamic:

Emirates Islamic Bank PJSC (Emirates Islamic) is the Islamic banking arm of the Emirates NBD Group and is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE.

Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 39 branches and 231 ATMs/CDMs across the UAE. In the area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.

Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The Bank won the “Islamic Retail Bank of the Year – Middle East” and “Most Innovative Murabaha” awards at the prestigious The Banker’s Islamic Banking Awards 2025. Additionally, the bank was named ‘Best Islamic Corporate Bank in the World’ and ‘Best Islamic Financial Institution in the UAE’ at the Global Finance – Best Islamic Financial Institutions Awards 2025. Emirates Islamic was also awarded the prestigious title of ‘The World’s Best Islamic Digital Bank’ at the Euromoney Islamic Finance Awards 2025.

As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.