UAE Introduces Gold-Backed Mastercard: Nuqi Gold & Mawarid Finance Lead Fintech Innovation
In a major fintech breakthrough, Nuqi Gold has partnered with Mawarid Finance to introduce a Shariah-compliant gold-backed card—a first-of-its-kind innovation in the GCC. This new solution combines traditional wealth (gold ownership) with modern payment flexibility, allowing users to spend without selling their assets.
How the Gold-Backed Card Works?
The concept is simple yet powerful:
- Users purchase certified 24K gold digitally via the platform
- Every gram is backed by real, insured physical gold stored securely
- Gold is stored in institutional-grade vaults by Transguard in DMCC
- Cardholders can access up to 70% of their gold’s value as credit limit
👉 This means your gold continues to appreciate in value, while you use it for everyday spending.
Premium Features & Benefits
The card is designed as a premium lifestyle financial product, offering:
- Up to 10% cashback on purchases
- Global airport lounge access
- Valet parking privileges
- Flexible repayment options
- Available in two variants: virtual card for digital-first users; exclusive physical card for premium clients.
Fully Shariah-Compliant & Ethical
A standout feature of this card is its Shariah compliance, ensured by Mawarid Finance:
- No interest-based structure
- Backed by a real tangible asset (gold)
- Designed for ethical and responsible finance
Why this Innovation Matters?
This launch signals a shift in how people manage wealth:
- Turns gold into a liquid, usable asset
- Blends digital investment with everyday payments
- Ensures secure storage and ownership
- Introduces a new model of asset-backed fintech
Experts see this as a major step forward in financial innovation, combining stability with flexibility.
Final Thoughts
The gold-backed card by Nuqi Gold and Mawarid Finance is more than just a payment tool—it’s a revolution in personal finance. By allowing users to spend while their gold keeps growing, this innovation could redefine how people use and access wealth—not just in the UAE, but globally.