Deal to enable Shariah-compliant gold-backed investments
Tabadulat, the UAE-based Shariah-compliant investing and brokerage platform regulated by Abu Dhabi Global Market (ADGM), and Minted Connect, a DMCC-authorised precious metals as a service and digital assets company, recently announced the signing of a strategic collaboration to provide institutional access to Shariah-compliant, gold-backed investment instruments.
Under the agreement, Minted Connect will gain institutional access to physically backed gold Exchange Traded Commodities (ETCs) through Tabadulat’s regulated Islamic brokerage infrastructure.
The collaboration enables Minted Connect to diversify its institutional treasury assets using Shariah-compliant, gold-backed instruments, while leveraging Tabadulat’s licensed execution, asset safeguarding, and compliance framework.
Collaboration
The collaboration brings together Minted Connect’s global precious metals and digital finance footprint, serving a customer pool of more than 3 million and operating through licensed affiliates in the United Kingdom and Turkey, with Tabadulat’s FSRA-regulated Islamic brokerage platform, which provides compliant access to international capital markets.
Key objectives of the collaboration include Shariah-compliant gold investment access; institutional-grade execution and safekeeping; Regulatory and compliance alignment and technical and operational integration.
Institutional access
“This collaboration enables regulated, institutional access to Shariah-compliant gold-backed instruments and advances our mission to build global Halal investing infrastructure,” said Samy Mohamad, Co-founder and Director of Tabadulat
“Together, we are building a stronger ecosystem for Shariah-compliant investment solutions,” said Engin Butun, co-founder and CEO of Minted Connect.
