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World rushes for Shariah-compliant gold funds!

Posted on 17 March 2009

From Commodityonline.com: Mad gold rush has resulted in a boom for the Muslim world. The recession-induced safe haven status for gold has provided a big opportunity for the Shariah-compliant gold funds, which are now doing roaring business.

Reasons are many for this love for Shariah-compliant gold funds. First thing to notice is that at a time when the world has lost faith in everything, what will be the best bet for an investor who is dogged by the perennial fear of losing his money in equity markets….. Full Article: Source

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


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