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Islamic fintech introduces new Physical Gold Portfolio in the UK
Group Head of Risk and General Manager of Wahed UK, Umer Suleman, at the Royal Mint
Wahed UK’s Physical Gold Portfolio offers investors in the region a chance to invest in real gold that is physically stored at the Royal Mint
Wahed Invest Ltd (“Wahed UK”), the UK based subsidiary of global Islamic fintech Wahed Inc. (“Wahed”), today announced the launch of its new Physical Gold Portfolio. It will act as the seventh risk portfolio on the Wahed app exclusively in the UK, giving users the unique opportunity to invest solely in physical gold, which will be stored and guarded at the Royal Mint.
The Royal Mint Physical Gold ETC is backed by the London Bullion Market Association and part of the gold custody will be 100% recycled gold bars, which is less carbon intensive than mined gold, keeping in line with Wahed’s mission to make ethical and halal investment options accessible.
“In times of market volatility and currency erosion, people will always look for investments that represent stability and real assets, such as gold. In good times or bad, gold is an asset class that is understood by the majority of people as being tangible, and therefore, to ensure that we provide the communities we serve with products that reflect what they want as well as need from a diversification perspective, Wahed has launched the Physical Gold Portfolio here in the UK,” commented Umer Suleman, Group Head of Risk and General Manager of Wahed UK.
Earlier this month, Wahed announced that Wa’ed Ventures, the venture capital arm of the Saudi Aramco Entrepreneurship Center , is leading their $50 million Series B funding round, with HSBC acting as lead financial advisor. Other investors in the round include footballer Paul Pogba, who has also joined Wahed as their latest brand ambassador and strategic family offices and institutions.
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This material has been distributed for informational and educational purposes only and the opinions expressed represent the views of the author and not necessarily those of Wahed Invest LLC or any of its affiliates, directors or personnel (“Wahed”). Any assessment of the market environment as of the date of publication is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice. Wahed assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. Any strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security.
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Any links to third-party websites are provided strictly as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites nor do we endorse the content and information contained on those sites. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the third-party websites.
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