Investors interest in silver has been on the rise in recent years due the uncertainty of traditional assets. Investors have been diversifying their portfolios by allocating funds from equities and deposits into tangible commodities like silver and gold.

Spot Silver Contract – Shariah Compliant adds to DGCX’s existing portfolio of precious metals contracts, which includes Shariah compliant gold spot as well as silver and gold futures. With these contracts, it will facilitate more of the market's expansion into the MENA region and offer increased value to regional institutions and investors.

  • Compulsory physical delivery of allocated and segregated Silver bars from approved Refineries
  • Recognised, regulated and fully Shariah compliant.
  • Transparent pricing and defined delivery intention, revocation and substitution processes and timelines
  • Traded in USD with a tick size of USD 0.001 per troy ounce and Tick value of USD 0.90 per lot
  • Region’s first Exchange traded Shariah Spot Silver contract, certified by reputed Shariah advisory board based on established Shariah standards
  • Traded on a federally regulated and risk managed platform offering safety and price transparency
  • Compulsory physical delivery under approved Shariah structure

Contract Specifications

Contract TypeShariah Compliant
Contract NameSpot Silver Shariah Compliant
Contract SymbolDSSC
UnderlyingEither 999 or 999.9 purity of 900-ounce Silver bar of “UAE Good Delivery” specification. Weight tolerance of 150 troy ounces.
Contract Size900 Troy Ounces
Notional Contract Value900 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per Troy Ounce
Tick SizeUS$ 0.001
Tick ValueUS$ 0.90
Settlement BasisPhysical Delivery
Final Settlement Price (FSP)FSP shall be the Daily Settlement Price on each Exchange Business Day
Trading DaysExchange Business Days
Trading Hours07:00 – 20:00 Hours Dubai time
Max Order Size200 Lots
Wholesale TradesBlock Trade facility is available.
Delivery ProcessDelivery through DMCC Tradeflow system. On T+1 pay-in of funds and delivery-in of Silver Warrant to DMCC by 10.00 AM. Pay-out of funds and delivery-out of Silver Warrant between 12:00 PM and 14:00 PM
Delivery MarginSee link:
No Cancellation RangeSee link: