Halal investing in Gold in Europe

baser · January 13, 2023, 9:36pm

salam aleikum from Austria,

unfortunately we don’t have many possibilities in Austria to invest in Halal ETFs and other international fonds.
So i wanted to invest in Gold but don’t want to store it at home, therefore I decided to buy gold with a savings plan through my Austrian online broker. My broker has only this ETF “iShares Gold Producers UCITS ETF (IE00B6R52036)” available for a monthly savings plan. I couldn’t find it on zoya regarding shariah compliance and I hope someone on this community can help me inshallah.

UmarA · January 15, 2023, 7:07pm

This is an ETF of gold miners. So some of them will not be sharia compliant.

There should be an ETF that holds actual real gold.

Farhan · January 16, 2023, 2:55pm

Here’s a list of Gold backed ETFs in the US Market from another discussion. Is this helpful?

How to invest in gold?

Gold ETFs are generally fine if they are 100% physically backed. Here’s a list of the shariah compliant options in the US market, sorted from most expensive to least expensive:

symbol name expenseRatio

GLD SPDR Gold Shares 0.40

SESG Sprott ESG Gold ETF 0.38

IAU iShares Gold Trust 0.25

OUNZ VanEck Merk Gold Trust 0.25

AAAU Goldman Sachs Physical Gold ETF 0.18

BAR GraniteShares Gold Shares 0.17

SGOL abrdn Physical Gold Shares ETF 0.17

GLDM SPDR Gold MiniShares Trust 0.10

Ibrahim_Abubakar · January 19, 2023, 1:58pm

How do i invest in the Gold in Europe

UmarA · January 25, 2023, 12:48pm

baser · January 25, 2023, 6:49pm

not really because most of them are not buyable with my online brokers, but anyway thank you very much

symbol	name	expenseRatio
GLD	SPDR Gold Shares	0.40
SESG	Sprott ESG Gold ETF	0.38
IAU	iShares Gold Trust	0.25
OUNZ	VanEck Merk Gold Trust	0.25
AAAU	Goldman Sachs Physical Gold ETF	0.18
BAR	GraniteShares Gold Shares	0.17
SGOL	abrdn Physical Gold Shares ETF	0.17
GLDM	SPDR Gold MiniShares Trust	0.10