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
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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:
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 |
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Thanks. I was buying BAR, now I will go with GLDM.
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Thank you a lot do you have any quote or hadiths for this invest please ?