{"id":4431,"date":"2025-08-20T12:16:19","date_gmt":"2025-08-20T04:16:19","guid":{"rendered":"https:\/\/sellgoldmalaysia.com\/?p=4431"},"modified":"2025-08-20T12:16:20","modified_gmt":"2025-08-20T04:16:20","slug":"malaysia-leads-growth-in-shariah-compliant-gold-investing","status":"publish","type":"post","link":"https:\/\/sellgoldmalaysia.com\/bm\/malaysia-leads-growth-in-shariah-compliant-gold-investing\/","title":{"rendered":"Malaysia Leads Growth in Shariah-Compliant Gold Investing"},"content":{"rendered":"

Momentum for Shariah-compliant gold is growing in Malaysia and other nations.<\/p>\n\n\n\n

\"where
Gold has been one of the strongest-performing major commodities over the past year.<\/figcaption><\/figure>\n\n\n\n

PETALING JAYA<\/strong>: In a small town an hour\u2019s drive from Malaysia\u2019s capital, a new, high-security vault illustrates the growing popularity of gold products and services designed to cater to Islamic principles.<\/p>\n\n\n\n

Run by a unit of Loomis AB, the Swedish cash- and bullion-handling company, together with local security firm E2S Group, the 20-tonne facility in Nilai represents a push to tap into the nation\u2019s burgeoning Islamic bullion sector.<\/p>\n\n\n\n

\u201cThere\u2019s a desire among local bullion dealers to have proper storage facilities,\u201d Jeremy Beh, Loomis International\u2019s country head in Singapore, said in an interview, before the site was inaugurated to an audience of traders, refiners and bankers last week.<\/p>\n\n\n\n

\u201cSeveral local banks have recently rolled out so-called halal gold investment products as demand has surged,\u201d he said.<\/p>\n\n\n\n

Gold has been one of the strongest-performing major commodities over the past year, supported by booming central bank and investment demand.<\/p>\n\n\n\n

Prices last set a record in April, and with the US Federal Reserve now widely expected to reduce interest rates, further gains are widely expected.<\/p>\n\n\n\n

Among forecasters, Goldman Sachs Group Inc has flagged a push to US$4,000 an ounce.<\/p>\n\n\n\n

Islamic finance was estimated as a US$5.5 trillion global market last year, and that may rise to US$7.5 trillion by 2028, according to Standard Chartered Plc.<\/p>\n\n\n\n

Gold should be a good fit given that one of the metal\u2019s main characteristics as an asset is that it doesn\u2019t typically pay interest, in line with Islamic practice.<\/p>\n\n\n\n

However, there are other considerations: bullion investments must be tied to specific bars, and during transactions, there needs to be an immediate transfer of ownership.<\/p>\n\n\n\n

That conflicts with some practices in parts of the global market, where balances are sometimes not linked to identifiable assets.<\/p>\n\n\n\n

\u201cGold really ticks a lot of boxes for an investor with Islamic principles in mind,\u201d said Louis Hems, commercial director of the Dubai Gold and Commodity Exchange, which has a Shariah-compliant gold contract.<\/p>\n\n\n\n

\u201cThere\u2019s no interest paid on it. There\u2019s an underlying asset,\u201d he added.<\/p>\n\n\n\n

Momentum for the Shariah-compliant gold is growing in Malaysia, as well as other nations.<\/p>\n\n\n\n

A halal gold-backed exchange-traded fund listed in Malaysia reached record holdings this year, while trading volume on the Dubai exchange\u2019s Islamic Gold Spot Contract nearly tripled in the first half.<\/p>\n\n\n\n

\u201cDemand for gold-investment products is very high,\u201d said Mokhrazinim Mokhtar, senior vice-president of retail deposit and wealth management at Bank Rakyat, which introduced a product in April enabling customers to invest online in physical gold, while adhering to Shariah principles.<\/p>\n\n\n\n

\u201cCustomers are seen shifting their savings from cash to gold,\u201d she said.<\/p>\n\n\n\n

Still, a lack of understanding remains a hurdle, according to Andrew Naylor, head of Middle East and public policy at the World Gold Council, who was involved in developing guidelines for Shariah-compliant gold.<\/p>\n\n\n\n

\u201cThere\u2019s a lot of assumptions that, unless you can take the gold home, it is not Shariah-compliant,\u201d said Naylor.<\/p>\n\n\n\n

\u201cMore work needs to be done to raise awareness,\u201d he said.<\/p>\n\n\n\n

Read more at the original source here<\/a>:<\/p>","protected":false},"excerpt":{"rendered":"

Momentum for Shariah-compliant gold is growing in Malaysia and other nations. PETALING JAYA: In a small town an hour\u2019s drive from Malaysia\u2019s capital, a new, high-security vault illustrates the growing popularity of gold products and services designed to cater to Islamic principles. Run by a unit of Loomis AB, the Swedish cash- and bullion-handling company,… Read More »Malaysia Leads Growth in Shariah-Compliant Gold Investing<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":4432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[14,15],"tags":[],"class_list":["post-4431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-gold"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/4431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/comments?post=4431"}],"version-history":[{"count":1,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/4431\/revisions"}],"predecessor-version":[{"id":4433,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/4431\/revisions\/4433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/media\/4432"}],"wp:attachment":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/media?parent=4431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/categories?post=4431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/tags?post=4431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}