Shariah Standard on Gold

Any form or currency to any other form of currency.
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Shariah Standard on Gold

Postby reazboss25 » Sun Nov 22, 2015 1:44 pm

As the Islamic financial services market grows in size and importance, so does the need for a greater understanding of the intricate matters of Islamic financial services and the application of Shariah guidance. The Islamic financial services industry is also witnessing greater implementation of internationally recognised and standardised Islamic finance guidance.As a result, the World Gold Council and Amanie Advisors are exploring the creation of a Shariah Standard on Gold. This Standard will provide guidance from the Shariah perspective on the usage of gold in financial and investment transactions for Islamic financial institutions and participants. The Standard also aims to increase transparency and harmonisation regarding the use of gold in various market practices.
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