New Gold Standard for Islamic Finance

The AAOIFI Shari’ah Standard on Gold can help to solve the growth constraints facing Islamic finance.

Gold has a deep and historical connection with Islamic civilisations. However, the complex treatment of gold in Islamic tradition has limited its development as an investable asset class. Gold is one of the six ribawi items alongside silver, wheat, dates, barley and salt. Ribawi items are defined as Continue reading “New Gold Standard for Islamic Finance”