A Sharia Compliant Investment

A Sharia Compliant Investment 

Many companies use the term 'Sharia compliant investment,' but are their dealings really Shariacompliant? G.I. Metals DMCC, a division of Global Investments, makes this our top priority before anything else. For this reason, we did not commence any particular transaction before asking the esteemed Shaykh 'Ubayd al-Jabiri of Madinah about the legal rulings pertaining to buying gold and silver on behalf of our clients. As Imam al-Bukhari stated in his famous collection of Sahih hadith: "Knowledge precedes statements and actions." This starting point makes our Sharia compliant investment distinctive.

There are many websites with sound reputations that sell and store precious metals for their customers. However, in Islam, it is not permissible to buy or sell gold and silver unless it is done on the spot. When questioned on behalf of G.I. Metals DMCC, Shaykh 'Ubayd al-Jabiri explained that selling gold and silver directly on the Internet is not permissible. This prohibition is based on the hadith wherein it is stipulated that gold and silver should be sold on the spot: "Sell how you wish, so long as it is hand to hand." [Sahih Muslim (1587)] This hadith is only in reference to certain commodities, with gold and silver being named amongst them. For this reason, it can be understood that the purchasing and selling of gold and silver in Islam has stringent guidelines that must be carefully attended to. Therefore, G.I. Metals DMCC does not directly sell gold and silver from its website as other companies do.

However, it is permissible for a client to delegate the responsibility of buying gold and silver to a broker (wakil) such as G.I. Metals DMCC which is not actually selling these metals directly from their website.

How our transaction works

If a client decides to use G.I. Metals DMCC as a precious metals broker, he or she should consider how much money should be invested. After filling out the appropriate form (individual investor or corporate investor form) supplied by G.I. Metals DMCC, the client sends the desired amount of money to G.I. Metals DMCC. After receiving this amount, we go onto the market and purchase the metals on behalf of our clients, hand to hand. Once this transaction has been completed, we then send the shipment of metals to our clients through secure transportation means, if they request that they receive them in their own country. We can also store this batch of metals on their behalf in a secure Dubai vault which is protected by the renowned Brinks security company. All metals vaulted in Dubai are stringently accounted for and registered in the name of the client such that the metals are not pooled together, and do not belong to any other entity, including G.I. Metals DMCC. Each customer owns their own bars, and can claim them upon request.

G.I. Metals DMCC strives to lead the way in Sharia compliant investment solutions. "Hand to hand" is our motto, and we believe that our Sharia compliant investment solutions set us apart from our competition. Each customer's order is given special attention by being bought "hand to hand," on site, before either being securely shipped to our customer, or safely stored. With security, ease, and transparency, our "hand to hand" Sharia compliant investment service is what sets us apart from others.

By means of our strategic partnership with the Dubai government's Dubai Multi Commodities Centre (DMCC) and the internationally acclaimed Brinks security company, G.I. Metals DMCC looks forward to the opportunity to securely expose you in a Shari'ah compliant manner to these once in a life opportunities. Please feel free to contact us atinfo@myglobalinvestments.com to position yourself on the right side of this massiveglobal wealth transfer in a secure and Sharia compliant manner.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.