Gold in Islamic finance
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Just completed a really interesting piece of market research. We surveyed 4,000 retail investors in mainly Muslim countries to gauge their interest in #shariafinance and #gold. @dgcx @perthmint @hellogold @bankmuamalat @affinislamic @kuveytturk https://t.co/2BEi9RVZ5e
Two-thirds of those surveyed want sharia’h compliant assets in their portfolio. 76% of investors open to holding sharia’h compliant investments are likely to add to their holdings in the next 12 months. Interestingly, sharia’h compliance is more important for younger investors https://t.co/a3E48QZmwc
The vast majority of investors view #GOLD as playing wealth preservation/long-term investment role. In contrast, the majority view #cryptocurrencies as a short-term or speculative investment. https://t.co/DvcnmZgB7p
Retail investors retain a strong preference for physical bars and coins, but there is significant interest in vaulted gold products. This is definitely an area for banks and other fintech players to explore further. https://t.co/2o7L7BZlSM