Yes. The Bursa Gold Dinar (BGD) is designed as an end‑to‑end Shariah‑compliant platform product, ensuring compliance at every stage, including the underlying physical gold.
Key points of Shariah compliance:
- Gold on the platform is backed by an equivalent amount of physical gold, each with a serial number, and audited periodically.
- A seller’s gold and buyer’s cash are transferred in real time; the system does not allow deferred payment or asset transfer.
- The platform utilises a trust account with an Islamic bank.
- It adheres to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standard on Gold.
- The product has been endorsed by the Shariah Committee of Bursa Malaysia Islamic Services.
For more details, please refer to the official Bursa Gold Dinar Shariah Pronouncement.