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.
The TradePlus Shariah Gold Tracker Exchange-Traded Fund is a commodity exchange-traded fund listed on Bursa Malaysia that provides investors a Shariah-compliant avenue to invest in physical gold without the hassle of storing or insuring gold bullion. The Fund aims to provide investors with investment results that closely track the performance of Gold price and it is benchmarking against the LBMA Gold Price AM. The Fund will invest a minimum of 95% of the Fund’s Net Asset Value in physical gold bars purchased from LBMA accredited refineries while the balance will be invested in Islamic money market instruments and/or Islamic deposits. The Fund is managed by Affin Hwang Asset Management which was incorporated in Malaysia on 2 May 1997 and began operations under the name Hwang-DBS Capital Berhad in 2001.
DGCX was formed in 2005, listing its first product, Gold in November of that year. The Exchange has steadily grown and now lists over 40 products across four distinct product suites; Precious Metals, FX, Equities and Hydrocarbons. The exchange currently has over 200 members and over 80 Clearing Brokers. The DGCX Spot Gold Contract – Shari’ah Compliant marks the exchanges first foray into Islamic investing.
The DGCX Spot Gold Contract – Shari’ah Compliant is the only Exchange listed Shari’ah compliant Gold contract in the world and doubles up as the GCC regions first Exchange listed Shari’ah compliant commodity product. The product has been provided with a Fatwa by Amanie Advisors, with Gold fully allocated within various approved warehouses throughout the UAE. The pay-in/out and delivery mechanism is carried out by the DGCX’s wholly owned subsidiary Dubai Commodities Clearing Corporation (DCCC). The delivery of the contract is through the DMCC’s established Murabaha platform; Tradeflow. Pay-in/out and delivery-in/out is accepted prior to 10am, on a T+1 basis, with full allocation and settlement before 2pm in Dubai on the same T+1 basis.
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 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.