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Shariah-compliant gold ETF

Posted on 10 March 2009

From Business24-7.ae: Nasdaq Dubai and the World Gold Council launched their long-awaited gold exchange (ETF) traded fund this week, which is both Shariah-compliant for Islamic investors and 100 per cent backed by physical gold.

Emirates Business talked to World Gold Council CEO Aram Shishmanian about the new ETF that is aimed squarely at both local investors who want to buy just one-tenth of an ounce of gold as well as regional institutions that want to invest more than $1 billion (Dh3.67bn)….. Full Article: Source

 
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