01 · Principles
Gold is ribawi: a Shariah-compliant gold transaction must be a real sale of real gold, settled promptly, with no interest, no excessive uncertainty and no gambling.
Scholars treat gold like currency. That is why the rules focus on the exchange itself — what is being sold, at what price, and whether ownership genuinely passes — rather than on gold as an asset. These are the tests a compliant product must pass.
No riba (interest)
The price you pay is for gold, not for the use of money. No interest is earned on balances and no interest-based charges are applied to holdings.
No gharar (excessive uncertainty)
The quantity, purity and price are known when you buy: grams of 999.9 gold at a stated rate, not a vague promise or a derivative.
Real ownership and delivery (qabd)
Ownership of specific physical gold must pass to the buyer, with the metal held in custody on the buyer’s behalf — not a pooled claim that may never be backed.
No maysir (gambling)
You buy and sell gold at transparent prices; there is no betting on price movements or leveraged speculation.
02 · EVG Gold
Independent review, published certificates and ongoing adherence — not a self-declaration.
Certified by Afsha Shariah Advisory Sdn. Bhd.
An independent Shariah advisory firm reviewed EVG Gold’s processes, documents and operational arrangements and certified the platform as Shariah-compliant. The certificate is published on our Shariah certificate page.
Physical gold, allocated to you
Every gram you buy is backed by 999.9 gold held in vault custody and allocated to your account, so ownership is tied to real metal rather than a paper claim.
No riba, gharar or maysir
Structures avoid interest-based financing and hidden charges; prices are transparent We Sell / We Buy rates in RM per gram.
e-Ar Rahnu certified under Tawarruq
Our gold-backed financing facility carries its own certificate from Afsha, dated 10 August 2026 and valid until 11 August 2027, structured on Tawarruq; any safekeeping charge is ujrah, not riba.
Ongoing review
Certification requires continued adherence to Shariah principles and is subject to review by Afsha Shariah Advisory — compliance is maintained as products evolve, not only at launch.
03 · Physical vs paper
Common worries, answered plainly.
Myth
Digital gold cannot be halal because it is not physical.
Fact
What matters is what stands behind the balance. A digital record of grams that are physically held and allocated to you is ownership of real gold; a balance with no metal behind it is not.
Myth
Any gold purchase is automatically Shariah-compliant.
Fact
Gold is a ribawi item, so the exchange must be a spot sale with prompt settlement and no interest. Deferred-payment gold sales and interest-bearing gold accounts can fail the test.
Myth
A Shariah certificate is just marketing.
Fact
A certificate from a named, independent advisory firm records that contracts, processes and documents were reviewed. Check the certifier, the scope and the validity date.
Myth
You cannot use Shariah-compliant gold for financing.
Fact
Islamic gold-backed financing exists — Ar-Rahnu is a long-standing example. EVG Gold’s e-Ar Rahnu facility is certified on Tawarruq with any safekeeping charge as ujrah, not interest.
04 · Zakat
General principles only — your state zakat authority sets the exact nisab and rules.
Gold held as savings or investment is zakatable once it reaches the nisab and has been held for one lunar year (haul).
Most Malaysian zakat bodies set the nisab at 85 grams of pure gold; check your state’s current figure, as some publish it in ringgit.
2.5% of the value of the gold held at the end of the haul, valued at the prevailing market price — you can use our live We Buy rate as a reference.
Rules for jewellery in normal use differ by state and school of thought; investment gold is treated as savings.
This is general information, not a fatwa. Confirm the nisab, rate and treatment with your state zakat authority (for example PPZ-MAIWP, LZS or your state’s Majlis Agama Islam).
Glossary
The words you will meet on certificates and product documents.
Riba
Interest, or any predetermined return on money lent. Prohibited; gold products must not pay or charge it.
Gharar
Excessive uncertainty in a contract — unknown quantity, price or existence of the subject matter.
Maysir
Gambling or speculation on chance; prohibited.
Qabd
Taking possession. In a gold sale, ownership and control must pass to the buyer promptly, including constructive possession through a custodian.
Tawarruq
A financing structure in which an asset is bought on deferred terms and sold for cash; the basis of EVG Gold’s certified e-Ar Rahnu facility.
Ujrah
A fee for a service, such as safekeeping — permissible, unlike interest.
Ar-Rahnu
Islamic pawn: gold-backed financing where the gold is held as collateral rather than sold.
Nisab
The minimum amount of wealth above which zakat becomes due.
Haul
The lunar year of holding after which zakat on savings is calculated.
Questions
Straight answers for Muslim investors comparing gold products.
It can be, provided the transaction is a genuine spot sale of real gold: the grams, purity and price are fixed when you buy; payment and transfer of ownership happen promptly; the gold is physically held and allocated to you; and no interest is charged or paid. EVG Gold is certified Shariah-compliant on this basis by Afsha Shariah Advisory Sdn. Bhd. A platform whose balance is not backed by allocated metal, or that pays interest on gold balances, would not meet the test.
Afsha Shariah Advisory Sdn. Bhd., an independent Shariah advisory firm. It reviewed EVG Gold’s processes, documents and operational arrangements and issued the certificate published on our Shariah certificate page. A separate certificate covers the e-Ar Rahnu financing facility, structured on Tawarruq, dated 10 August 2026 and valid until 11 August 2027.
No. Paper gold is a claim that tracks the price without specific metal behind it. EVG Gold’s balance is a record of 999.9 gold physically held in vault custody and allocated to you; you can sell it back at the live We Buy rate or redeem it as a physical gold bar. That backing is what makes the difference for Shariah purposes.
If your gold savings reach the nisab (commonly 85 g of pure gold in Malaysia) and you have held them for a lunar year, zakat of 2.5% of their value is generally due. Use the live We Buy rate to value your grams and confirm the exact rules with your state zakat authority; this page is general guidance, not a fatwa.
Yes. EVG Gold’s e-Ar Rahnu Financing Product is certified by Afsha Shariah Advisory as Shariah-compliant under the Tawarruq concept. Your gold stays allocated in EVG Gold custody as collateral rather than being sold; where a safekeeping charge applies it is ujrah — a fee for custody — not riba.
Four things: a named, independent certifier with a published certificate; real physical gold that is allocated to you, not a pooled promise; a transparent spot price with prompt settlement; and no interest-based charges or returns on balances. If a provider cannot show all four, the label is not enough.
