National Spot Exchange Ltd. is commodity exchange for spot trading of bullions and agricultural commodities. In 2010 they came up with innovative product called E-series. The first products launched under the E-series categories were E-Gold, E-Silver and E-Copper. Later on E-Zinc, E-Lead, E-Nickel and lately E-platinum joined the wagon. These E-series products are certified by Sharia
Advisory institution TASIS. These E-series products enable even small investors to invest and keep their holding in demat form. The equivalent amount of each E-series product’s unit (traded in market) is stored in the vault of NSEL in physical form. The vault is regularly inspected by TASIS to assure Sharia
compliance. Investors are also provided option to take physical delivery of the E-series products.
The National Spot Exchange Limited (NSEL) was recently given sharia
approval by TASIS. Indian Sharia
Investors can now trade in e-gold, e-silver and e-copper in demat form. Investment in these commodities will help the Muslim investor to save for the future as large proportion of Muslims do not hold any bank accounts.
ZIC can help you to set up related accounts for trading in Gold, Silver and Copper. We will also advise on when to buy and sell.