OGold
Dubai-based app for buying, selling, leasing and redeeming physical gold and silver from 1 dirham, with a gold-backed Mastercard and Shariah certification from AlHuda CIBE.
Industry: Digital gold and silver investment | Location: Dubai, United Arab Emirates | Founded: 2023
About OGold
OGold, also written O Gold, is a UAE-based fintech that runs a Shariah-compliant mobile app for investing in physically backed gold and silver. Users can invest, save, earn and spend fully allocated metal from as little as AED 1 at live market prices, with no paperwork or storage fees, according to the company. The founder is Bandar Alothman. Press coverage in 2025 also quoted Ahmed Abdeltawab as the company's chief executive. The firm obtained Shariah certification from the Center of Islamic Banking and Economics (CIBE), which said OGold's gold and silver trading and investment offerings comply with AAOIFI standards. It won Best Shariah-compliant Gold Investment App at the Global Takaful Awards 2025. Its Wakalah Earnings feature is described as asset-backed and interest-free, and a Silver Wakalah Earnings product, offering returns of up to 5 percent according to the company, followed. Partnerships have widened distribution. In August 2025 OGold's gold investment feature went live inside the Botim app, making Botim the first fintech in the UAE to officially offer gold investment. OGold has also worked with Aspora, to reach the Indian diaspora, and with Mawarid Finance on the OGold Platinum Mastercard, a Shariah-compliant gold-backed prepaid card launched in January 2026. In September 2026 it announced a partnership with Valura.ai to integrate gold into AI-driven portfolios. In April 2026 OGold announced a strategic investment from Plug and Play Ventures, the venture arm of the Silicon Valley innovation platform. The amount was not disclosed. Plug and Play says it works with more than 550 corporate partners across over 60 locations. Alothman and Plug and Play general partner Alireza Masrour both commented on the deal. At the announcement OGold reported more than one million users and over USD 50 million in gross merchandise value in its first year. In July 2026 Gulf News and Khaleej Times reported that the app had passed 1.5 million users. The app's reported features also include eSIM cards, a gift card marketplace and a referral programme, and the company says every gram held is physically insured. The company says the Plug and Play investment will support product development, the global rollout of the app and the OGold Mastercard, and expansion beyond the UAE into markets where demand for alternative digital assets is growing.
Leadership
- Bandar Alothman, Founder and CEO
- Ahmed Abdeltawab, Co-founder and Chief Executive Officer
- Bandar Alothman, Founder and CEO