ETF Securities brings precious metal platform in line with Shariah principles

The ETC provider brought its physically-backed precious metals platform in line with Islamic principles following an increase demand for ETCs, particularly from the Middle East, North Africa and Asia. The Shariah-compliant ETCs are currently traded on five exchanges in Europe with trading volumes of $2bn in July and comprise: ETFS Physical Platinum, Physical Palladium, Physical Silver, Physical Gold and Physical PM Basket. Furthermore, ETF Securities has appointed Sameer Meralli as head of sales for Middle East and North Africa. Meralli has previously held positions at Goldman Sachs an...