Shariah compliance

built on Islamic principles

One of the core reasons for the creation of GIGI was to create a form of investment that all Muslims can be confident is completely permissible with unanimous agreement of scholars across the globe. Not only that, we hope this takes us away from modern investment trends and brings us closer to the practice of the Sahabah at the time of the Prophet ﷺ.

Throughout the creation of GIGI we have meticulously followed the guidance set out by the World Gold Council in its collaboration with The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), widely recognised as the world leader in Islamic finance standards. These guidelines were launched in 2016 following a huge global Islamic effort as detailed below:

Over 1,000 Islamic finance institutions and experts involved in the consultation process.

Standard endorsed by AAOIFI’s Shariah board comprising 20 leading scholars from Saudi Arabia, Pakistan, Egypt, Oman, Kuwait, Bahrain, Jordan, Libya, Syria, Morocco, Malaysia, Sudan and Mauritania

AAOIFI Standards are used worldwide and automatically or voluntarily adopted in many jurisdictions.

For a detailed look at the standards set, please follow the link to the official document below: