Tradeplus Shariah Gold Tracker (Malaysia)

TradePlus Shariah Gold Tracker is a company located in Kuala Lumpur. The company was listed on Bursa Malaysia Securities on December 6, 2017. The company offers a Shariah-compliant investment opportunity in physical gold through an Exchange-traded Fund structure. The Fund closely tracks the returns of gold and is backed by physical gold, with a minimum of 95% of its assets held in physical gold bars purchased from LBMA-accredited refineries. The gold bars are securely stored in a segregated vault in Singapore. The Fund operates in accordance with Shariah Law and is guided by the Amanie Shariah Advisors. Investors can access the Fund through online trading platforms and have the option to redeem physical gold upon meeting the minimum redemption unit block. The Fund's objective is to provide investors with investment returns that closely track the performance of gold price. The Manager invests a minimum of 95% of the Fund's NAV in physical gold bars and the remaining balance in Islamic money market instruments and/or Islamic deposits. The Fund is available for subscription in US Dollar and tradeable in Malaysian Ringgit.