I want to invest in gold but I don’t know if I have to hold this gold physically at home or if ETFs backed by gold stocks are also allowed
Great question. Here are two discussions that we’ve had in the community that might be relevant here.
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:
|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|
Thanks. I was buying BAR, now I will go with GLDM.
Thank you a lot do you have any quote or hadiths for this invest please ?