DINARPAL'S SHARIAH-COMPLIANT NETWORK ACCOUNTS AND WEALTH HOLDINGS ENABLE ISLAMIC INVESTORS TO PURCHASE, STORE, AND TRANSACT IN GOLD GLOBALLY.
Islamic financial products derive principles from Shariah law (also referred to as Sharia or Shari'a law), which is taken from the Quran and the Hadiths and governs all aspects of the personal and collective lives of Muslims.
Gold's properties as a physical element of the earth make it a superior global money and enduring store of value that provides long-term wealth preservation. DinarPal's objective is to provide services that preserve the wealth of its clients through Network accounts and Wealth Holdings that are fully-reserved and 100% backed by physical allocated precious metals (gold, silver, platinum, and palladium) held by DinarPal clients pursuant to the law of bailment.
DinarPal's commitments to accountability, fairness, and transparency are supported by its dedicated compliance teams and multi-factor security measures that ensure clients are not exposed to anything deemed ‘haram’ (unlawful).
What is Shariah compliance and how does Islamic finance differ from conventional finance?
Islamic finance operates per Shariah; the Shariah compliance of financial products is governed by Islamic law as well as finance industry rules and regulations. Islamic financial products derive principles from Shariah law (also referred to as Sharia or Shari'a), which is taken from the Quran and the Hadiths and governs all aspects of the personal and collective lives of Muslims.
Why is interest haram?
'Riba' (or interest) in Islam means adding something extra to certain products, not receiving something when a contract is signed, or paying extra in return for extension of a loan. This is considered haram because the Quran believes that one who receives money for an investment is not permitted to guarantee the capital. In the event of loss, the investor loses the capital and the one who took the money loses the time and effort invested.