News

AlHuda CIBE support to Royal Bullion Capital to launch Shariah-compliant gold trading platform

Dubai – UAE: AlHuda Center of Islamic Banking and Economics (CIBE) and Royal Bullion Capital Trading (RBCT) have signed a landmark agreement to establish a fully Shariah-compliant gold trading platform in the UAE. This collaboration underscores both organizations' commitment to ethical finance and innovation in the precious metals industry. Under the agreement, AlHuda CIBE will provide comprehensive Shariah advisory and consultancy services, including product review, certification, training, and market penetration strategies. The initiative aims to cater to the growing demand for Islamic financial solutions in the gold trade sector. Mr. Katragadda Murali Krishna, Founder & CEO of Royal Bullion Capital Trading, remarked: "With over 15 years of experience in the gold trade, we recognize the importance of aligning our operations with Shariah principles to serve a broader audience. Partnering with AlHuda CIBE, a pioneer in Islamic finance, allows us to integrate ethical standards into our business model while maintaining excellence in gold trading. This collaboration marks a significant milestone in our journey toward sustainable and inclusive growth." Mr. Muhammad Zubair, Chief Executive Officer of AlHuda CIBE, stated: "We are excited to collaborate with Royal Bullion Capital Trading to deliver a robust Shariah-compliant gold trading platform. Our expertise in Islamic finance, combined with RBCT’s industry leadership, will set a new benchmark for ethical trading practices. This project reflects our shared vision of promoting financial inclusivity and adherence to Islamic principles in global markets."