Shariacoin Launches First Sharia

Gold Savings in RI

Jakarta, CNBC Indonesia a – PT Syariah Koin Indonesia launched a sharia gold savings product, namely ShariaCoin. This product has also received permission from the Commodity Futures Trading Supervisory Agency (BAPPEBTI) and can be downloaded on both Android and iOS.

“The gold we sell must be able to be physically printed (minting), the funds can be withdrawn (withdrawal), or can be pawned (pawn/rahn) at any time according to community needs,” said PT Syariah Koin President Director Titiez Arga, quoted in a written statement, Wednesday ( 5/22/2024).

Arga revealed that ShariaCoin was the first company to apply sharia principles in managing sharia gold savings using the Wadiah Yad Amanah contract or gold deposit contract.

With this principle, companies are obliged to safeguard gold and are responsible for damage or loss of goods.

He added that ShariaCoin also uses the Wadiah Yad Dhamanah Agreement for Pension Gold and Sharia Education Gold.

“We want the current generation to also know about gold apart from crypto and online loans because gold has a physical and physical form and is known and proven to be safe. So crypto players will definitely not find it difficult to use our application,” he said.

Arga said that his party is targeting the blue ocean segment through business-to-consumer (B2C) and business-to-business (B2B) schemes . Currently, ShariaCoin is partnering with PT Gadai Syariah Indonesia for sharia gold savings, Sharia People’s Financing Bank (BPRS), and Electronic Money Issuers.

“Last week, our partner PT Gadai Syariah Indonesia collaborated to issue Pesantren Gold Savings in the framework of sharia financial inclusion. Please support us so that we can provide easy and safe gold investment options for the Indonesian people. The more choices, the more consumers will benefit too,” concluded Arga.

SOURCE : CNBC INDONESIA