Islamic finance rules have approved exposure to Source products, Financial Times reports. Islamic investors seeking exposure to precious metals commodity products are now allowed to invest in the new Source Physical Gold P-ETC and the Source Physical Silver P-ETC.
After approval from the Board of Sharia Scholars, the Source Physical Gold P-ETC has become one of the largest Shariah-compliant physical gold products globally, with more than $1.2 billion in assets. Source is also reviewing Shariah compliance in the Source Physical Platinum P-ETC and the Source Physical Palladium P-ETC.
Click here for the story from Financial Times.