The executive chairman of Templeton Emerging Markets Group was speaking at the ‘Gold in Islamic Finance’ conference organised by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the World Gold Council and Amanie Advisors and held in Dubai last Thursday.
“This standard is a God send. We have a global standard for gold. This is innovative and revolutionary” said Mark Mobius.Dr Mobius drew the audiences attention to the growth potential in both the emerging markets and Islamic World of 1.6 billion people and some 100 million investors.
“This Shariah gold standard is a Godsend for those Islamic households that would like to invest in gold funds”