The following products have been certified as compliant with the new AAOIFI Shariah Standard on Gold, developed in collaboration with the World Gold Council, by virtue of the issuance of a fatwa signed by a current or past board member of AAOIFI.
This listing is provided for general information only. It does not constitute an offer to sell or a solicitation to buy or any recommendation or advice relating to any of these products or to investing in gold or any investment, product or entity.
The inclusion of a particular product in the World Gold Council listing does not constitute the endorsement or recommendation of that product by the World Gold Council or any other entity.
The World Gold Council has not examined any product or any statement about any product in this listing or the financial condition, trading history or customer relations of any entity associated with that product. Investors must take responsibility to verify for themselves the status and appropriateness of the product and the vendor, the basis of their offers and the applicable terms and conditions, payment procedures, pricing, costs and risks.
Information for the listing is provided by the entities associated with the products themselves. The World Gold Council is not responsible for any aspect of the product or its offering, including the fatwa issued for the product.
Goldmoney Inc. is a mission-driven financial technology company that operates the world’s largest 100%-reserved gold-based savings and payments network. Goldmoney® provides financial services as a trusted third-party, combining the unique attributes of gold with technology-driven innovation.
Goldmoney enables Islamic investors to purchase, save, and transact in gold globally through Shariah-compliant Network accounts and Wealth Holdings. Comprised of Goldmoney Personal and Goldmoney Business, the Goldmoney Network allows anyone to buy, sell, transfer, earn, or redeem physical allocated gold. Goldmoney Wealth offers bespoke precious metals custody, concierge and wealth services, trading and execution, card services, tax-free retirement accounts and independent research to high net worth individual investors and institutions.
HelloGold is a company that changes the way people buy and sell gold. Founded by Robin Lee, previously CFO of the World Gold Council, we offer a mobile app that lets customers purchase and sell gold for as little as RM1 and at competitive prices. The gold is fully insured and stored in a secured vault in Singapore. The entire process is designed to be Shariah compliant and includes all the Know Your Customer and Anti - Money Laundering safeguards. The HelloGold app is now live! It’s currently available in Malaysia and will be rolled out to other markets in Asia soon.
The Singapore Exchange (SGX) offers a Kilobar Gold Contract which is designed to be the kilobar benchmark for Asia. SGX launched the world’s first exchange-traded, physically delivered wholesale gold futures in October 2014, in partnership with the World Gold Council and the Singapore Bullion Market Association.
In December 2016, building on the back of the new Shari’ah Standard on Gold, SGX announced that its Singapore Kilobar Gold Contract has become the world’s first Shari’ah-compliant gold futures. The SGX Singapore Kilobar Gold Contract is now certified by Amanie Advisors, a leading advisory firm specialising in Islamic finance solutions, to be in compliance with the Shari'ah Standard on Gold as set out by the Accounting and Auditing Organization of Islamic Finance Institutions (AAOIFI).