The following physical gold products (investment bullion) and products backed by physical gold (exchange traded products) have been certified as compliant with the new AAOIFI Shari'ah 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.
Bank Muamalat is a leading Islamic bank, established on 1 October 1999, and is governed by the Islamic Financial Services Act 2013 (IFSA). As a full-fledged Islamic financial institution, the bank offers its customers a broad range of services, meeting the needs of both individuals and institutional segments through its network of 63 branches. Other services include i–Muamalat, the bank’s internet and mobile banking solution in addition to e-Muamalat which houses the Bank’s network of ATMs, CDMs, and CDTs available at almost 240 locations nationwide.
Muamalat Gold-i (MG-i) is a Shariah compliant gold product which offers customers the opportunity to participate in the precious metal market in a convenient and secure way. Customers may choose to purchase physical minted gold bars of selected denominations or purchase gold in the form of an account from as low as RM10. Returns are from the capital appreciation of the customer’s initial purchases and is subject to gold price fluctuations.
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.
Royalmintbullion.com is the live trading bullion website of The Royal Mint. This 1,100 year old British organisation manufactures coins for the UK and 60 countries around the world as well as numismatic products and bullion coins and bars.
The website offers all of The Royal Mint's coins and bars, as well as other global bullion coins, with 24/7/365 live pricing. Customers can choose to take delivery globally or to store in The Vault on The Royal Mint's secure UK site. Also available is Signature Gold, a fractional gold product perfect for savings which allows cost-effective investments from as little as £20. Bullion products can be sold back to The Royal Mint through our buy-back scheme covering all bullion coins and bars, wherever and whenever they were purchased. All gold and silver products on the website are Shariah compliant and the website includes full Know Your Customer and Anti-Money Laundering procedures.
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).
The Perth Mint offers the world’s only Shari'ah Compliant government guaranteed precious metals investment and storage program.
Its allocated and pool allocated products, as well as bullion bars and coins, have been endorsed as Shari'ah compliant by highly respected Sharia advisory consultants Dar Al Sharia Limited, in accordance with the AAOIFI Shari’ah Standard on Gold.
With clients ranging from sovereign wealth funds to individual investors, The Perth Mint’s depository safeguards gold, silver and platinum worth more than $3.1 billion in central bank grade storage in Perth, Australia. Alternatively, clients can opt for physical delivery of their precious metals investments across the globe.
A mobile friendly portal means clients can access live pricing, and buy and sell precious metal anytime, anywhere with a minimum transaction amount of $50.