Gold has become an accepted investment in the Islamic world for the first time as it can now be used as a commodity to back Sharia-based financial products, thanks to new standards announced Monday.

The SPDR Gold Trust, an exchange-traded fund which holds 836.7 tonnes of bullion worth $33 billion, now falls in line with rules from the Accounting and Auditing Organization for Islamic Financial ...

Gold can now be used as a commodity to back Sharia-based financial products, with rules about using the metal as an investment set out for the first time. The World Gold Council announced the new ...

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has made an important decision which will be announced on Monday. This decision is about one of the most ...

Pastorelli, Walton, and Nixon’s work is part of a new museum exhibit, Caravans of Gold, Fragments in Time: Art, Culture, and Exchange across Medieval Saharan Africa, at The Block Art Museum of ...