9 articles tagged “Gold”

Islamicly Gold sells 24K 999 gold from ₹100, vaulted under a named trustee and certified by Islamicly's scholar board. What the site publishes on custody, SIPs, selling and delivery, what it omits, and how it compares.

Seven Indian gold ETFs compared on physical backing, the gold deposit scheme clause, cash held in repo, and expense ratio, all from scheme documents. Tata Gold ETF gets a direct answer. No fund is Shariah certified.

A gold loan from Muthoot, Manappuram or a bank is an interest-bearing loan secured by a pledge of jewellery. The pledge is permissible; the interest is not. What lenders publish, and what to do instead.

What an Indian Muslim can do with a lump sum instead of a bank fixed deposit: current accounts, co-operative society deposits, gold, Shariah funds and the ETF, matched to how long the money can wait.
How to calculate zakat in India: setting your lunar due date, measuring nisab against gold and silver prices in rupees, and working through cash, gold, investments and business assets at 2.5 percent.
Indian household wealth lives in gold ornaments, and the Hanafi position most Indian Muslims follow holds jewellery zakatable regardless of use. The rules, the carat mathematics and the school differences, honestly laid out.
Physical gold passes. Sovereign Gold Bonds fail on the RBI's own FAQ. Most gold ETFs are uncertified and some hold derivatives. The complete halal gold map for Indian investors, verified against primary sources.
The question answers itself once you read the RBI's FAQ: Sovereign Gold Bonds pay 2.50% fixed interest, semi-annually, on a debt security that tracks gold. That is riba, and no purification workaround exists.
The entire halal ETF shelf in India: one equity ETF (SHARIABEES) and whichever gold and silver ETFs pass TASIS's published screening. The complete list, the verification steps, and what does not exist.