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Dawn of Sharia-compliant gold trading

Posted on 03 March 2009

From Thenational.ae: NASDAQ Dubai yesterday launched the region’s first Sharia-compliant tradable security backed by gold to satisfy a growing demand for the precious metal as a safe haven in the global recession.

The product, which trades in the same way as an equity share and tracks the price of gold, is aimed at the region’s high-net-worth individuals who are looking to diversify their portfolio, while conforming with Islamic investment principles….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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