Welcome to the inaugural IFN Gold Report!
When AAOIFI and the World Gold Council released their seminal Shariah Standard on Gold at the end of 2016, the response was phenomenal. Here at IFN – through both our editorial and event platforms – we received strong feedback from both market practitioners and industry outsiders who were genuinely excited over the immense opportunities the standard could unlock for the industry, with many eager to see what treasure trove of Islamic gold delights would come to market.
It is on the back of this enthusiasm that IFN decided to produce the IFN Gold Report, a collection of articles written by the leading players in the Islamic finance gold space expounding on the opportunities gold could offer in the Islamic space. We hope that the IFN Gold Report will serve as a comprehensive overview of the gold market and provide insightful perspectives on the role it can play for the industry.
In producing this report, we are fortunate to have had the support of our partners, all trailblazers in the Islamic gold area in their own right; without them, the IFN Gold Report would not have materialized. IFN would like to thank:
• The World Gold Council, the market development organization instrumental in the development of the Shariah Standard on Gold;
• The Perth Mint, Australia’s official bullion mint and one of the first mints in the world to be certified as Shariah compliant;
• Physical Gold Fund, a Shariah compliant leading fund in privately allocated gold custody;
• HelloGold, the first digital gold fintech firm recognized by scholars as Shariah compliant;
• Kuveyt Turk Participation Bank, an innovative bullion bank with the widest range of Shariah compliant financial gold products; and
• NBF Islamic, an Islamic finance leader which completed the first AAOIFI-compliant Islamic bullion financing transaction.
It’s been an absolute pleasure putting together this informative and insightful market-led publication and we hope you will enjoy reading it as much as we did producing it.
Most sincerely,
Vineeta Tan
Editor
Islamic Finance news