Is Quantum Metal's gold Shariah-compliant?

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Quantum Metal’s Gold is certified Shariah Compliant by ISRA Consulting which is registered with Securities Commission of Malaysia. ISRA Consulting is established by ISRA, a wholly-owned subsidiary company of Bank Negara Malaysia. All 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 Bursa Suq Al-Sila.

Quantum Metal meets two very important conditions:

  1. It’s backed by physical Gold, and
  2. The process of buying and selling physical gold is completed in the time allowed by the standard.

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