null Bank Muamalat launches Shariah-compliant gold investment
Bank Muamalat launches Shariah-compliant gold investment
25 May 2022 | Wednesday Source: The Malaysian Reserve
Bank Muamalat Malaysia Bhd and ACE Capital Growth Sdn Bhd have launched the first Shariah-compliant digital mobile-based gold investment platform called EasiGold, which enables customers to invest in gold via mobile app on all mobile devices.
The bank aims to promote gold as a safer investment alternative for Malaysians from all walks of life, by offering tiered pricing with a spread of as low as 1.5% depending on market conditions.
Bank Muamalat currently offers Shariah-compliant gold investment through its Muamalat Gold-i range of products and the launch of EasiGold complements the bank’s existing gold product offerings.
Bank Muamalat director of retail banking Zury Rahimee Zainal Abiden (picture) said the platform caters to shifting customer preference towards mobile accessibility.