5 articles tagged “Gold”
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.
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.