ETF launches Shariah-compliant precious metals platform

  • Story by: Jim Robinson
  • Magazine: InvestmentAdviser
  • Published Monday , August 11, 2008

ETF Securities has launched the world’s first Shariah-compliant exchange-traded commodities precious metal platform.

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The platform will be headed by Sameer Meralli, head of sales for the Middle East and North Africa. ETF sought Shariah compliance after a growing demand from the Middle East, North Africa and Asia. Hector McNeil, managing partner at ETF Securities, said: “The launch was an exciting new development for Islamic investors to gain access to our entire physical precious metals platform, which includes gold, silver, palladium and platinum.”

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