ila News

Manama, Bahrain: ila Bank, Bahrain’s leading digital mobile-only bank powered by Bank ABC, has launched Gold & Silver Accounts, further expanding its wealth-building ecosystem and supporting customers’ long-term financial ambitions.

The new solution enables customers to seamlessly access, manage, and monitor Gold and Silver investments through the ila Bank app, empowering them to diversify their portfolios and take greater control of their financial future.

To mark the launch, customers who invest in Gold or Silver through the ila Bank app from 1 November to 31 December 2026 gain a chance to win cashback equivalent to the value of their eligible investments, up to BHD 2,000. Four customers will win in total, with two winners selected in December 2026 and two winners selected in January 2027.

Customers can open a Gold Account, a Silver Account, or both, and buy and sell Gold and Silver using their Bahraini Dinar account. They can begin investing in Gold and Silver with amounts starting from less than BHD 20, equivalent to 0.010 ounces (0.311 grams) of Gold and 1.00 ounce (31.103 grams) of Silver.

Designed as a fully digital investment solution, the service does not include the purchase, delivery, or storage of physical Gold or Silver. Customers benefit from live market pricing and comprehensive visibility over their investments, with the ability to monitor their holdings, portfolio value, performance, and transaction history, all within the ila Bank app.

Commenting on the launch, Alfred Hanna, Head of Proposition at ila Bank, said:

"At ila Bank, our customers are at the heart of every innovation we introduce. Our Gold & Silver Accounts offer more opportunities for them to achieve their financial goals through simple, secure, and fully digital experiences. This launch further fulfills our promise of 'banking that reflects you' by providing solutions that respond to our customers' evolving lifestyle needs and financial ambitions."

Building on the success of solutions such as Savings+, which offers customers monthly returns on their savings, and its digital government securities investment solution, ila Bank continues to simplify access to wealth-building and investment opportunities through an intuitive and integrated digital ecosystem. ila Bank’s Gold & Silver Accounts further expand these offerings, giving customers greater choice and flexibility in how they build long-term financial resilience and achieve their financial goals.

Ahmed Fahim, Product Lead, Wealth Management at ila Bank, added:

"Gold and Silver have long been recognized as valuable investment assets, and through ila Bank, customers can now access these opportunities seamlessly within the same digital ecosystem they rely on for their everyday banking needs. By combining convenience, simplicity, and transparency, we continue to remove traditional barriers to investing and enable our customers to make informed financial decisions with greater confidence."