Andrew Naylor

Head of ASEAN and Public Policy World Gold Council

Gold and Islamic finance

The Islamic finance market is now valued at more than US$2tn and growing at a rapid rate. The association between Islamic finance and gold dates back many centuries but, until recently, Islamic savers were unclear whether they could invest in gold products. In 2016, the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council, provided the clarity that investors needed. 

Publication date time
4 years 9 months ago

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