Source obtains Islamic approval for precious metals ETC

Physically-backed exchange traded commodities get sharia seal of approval as Islamic investors tap the precious metal ETC market

A specialist exchange traded fund provider has obtained a sharia-seal of approval for its physical Platinum ETC and physical palladium ETC on the back of increasing demand from Islamic investors.

Source obtained approval from the Board of Shari'ah Scholars from Amanie Islamic Finance Consultancy and Education LLC.

WSJ Logo