OneGram cryptocurrency
https://tokensale.onegram.org/
Gold Investments & Sharia Law
Historically gold investing has been problematic under Sharia law. While there is currently limited guidance for gold coins and bars, there is virtually no guidance on gold elsewhere in the financial sector.
In most cases trading gold futures contracts is forbidden by Islamic law as gold futures contracts are not backed by physical gold and one can end up paying or receiving interest on your trading account. The upshot is that most people who wanted to buy gold as an investment have purchased gold in its physical form through for example coins or jewellery.
New Standard
Things are changing though. Back in December 2016, the Sharia Gold Standard, which OneGram complies with, was introduced by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the World Gold Council and Amanie Advisors.
As a result of this new standard, Muslim investors will now be able to take advantage of an increasing range of gold-backed investment opportunities, which hitherto had been non-compliant.
https://tokensale.onegram.org/
Gold Investments & Sharia Law
Historically gold investing has been problematic under Sharia law. While there is currently limited guidance for gold coins and bars, there is virtually no guidance on gold elsewhere in the financial sector.
In most cases trading gold futures contracts is forbidden by Islamic law as gold futures contracts are not backed by physical gold and one can end up paying or receiving interest on your trading account. The upshot is that most people who wanted to buy gold as an investment have purchased gold in its physical form through for example coins or jewellery.
New Standard
Things are changing though. Back in December 2016, the Sharia Gold Standard, which OneGram complies with, was introduced by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the World Gold Council and Amanie Advisors.
As a result of this new standard, Muslim investors will now be able to take advantage of an increasing range of gold-backed investment opportunities, which hitherto had been non-compliant.
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