HelloGold is certified Shariah Compliant by Amanie Advisors. All of our operations and processes are in line with the Shariah Standard on Gold. The Shariah Standard on Gold was developed together with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the World Gold Council and Amanie Advisors.
Gold is a Ribawi item, which means those who buy it need to be careful and make sure it meets certain conditions under Shariah law. HelloGold meets two very important conditions:
- It’s backed by physical gold that is fully allocated, and
- The process of buying and selling physical gold is completed in the time allowed by the standard.