O Gold Secures Shariah Certification for Gold and Silver Investments and Wakalah Gold Earnings
O Gold, the UAE’s first Emirati fractional gold and silver ownership app, has received a Shariah Compliance Certification from the Center of Islamic Banking and Economics (CIBE). The certification affirms O Gold’s adherence to Islamic finance principles and reinforces its commitment to delivering ethical, transparent, and fully Shariah-compliant fintech solutions for precious metals.
O Gold provides users with insured and secure gold and silver buying and selling, alongside its innovative Wakalah Gold Earnings product. Under this model, returns are provided in gold, ensuring that profits remain asset-based and interest-free. Each transaction is supported by high-purity gold and silver, complete asset identification, and a framework free of speculative practices.
Ethical Finance Backed by Innovation
“Receiving this certification is an honour and a crucial step in our mission to redefine gold ownership,” said Bandar Alothman, Founder of O Gold. “It validates our dedication to transparency and ethical practices and demonstrates our commitment to providing a platform that is not only accessible and secure, but also completely aligned with the values of our community.”
Mr. Muhammad Zubair, CEO of AlHuda CIBE, welcomed the development:
“We are pleased to certify O Gold’s gold and silver trading and investment offerings as fully compliant with AAOIFI Shariah standards. This certification reflects O Gold’s commitment to ethical, transparent, and asset-backed precious metals solutions that meet the highest standards of Islamic finance. We believe this initiative will not only provide investors with Shariah-compliant opportunities but will also contribute to the global growth of Halal investment products.”
First Emirati Fractional Ownership Platform
As the first Emirati platform to enable fractional ownership of gold and silver, O Gold allows customers to invest in amounts starting from just AED 1. This approach lowers the barrier for everyday investors to access the benefits of precious metal ownership without requiring significant capital.
The platform offers a comprehensive ecosystem, including the ability to:
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Buy, sell, or lease gold instantly.
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Access competitive market prices.
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Secure doorstep delivery of physical gold.
Strengthening Faith-Based Investment in the Region
With its new Shariah certification, O Gold sets a regional benchmark for compliant gold and silver investments, aligning financial growth with faith-based principles. The certification further positions the company at the forefront of fintech innovation, creating new opportunities for investors seeking Halal investment solutions.
