You must:

• Be above 18 years old
• Be a Malaysian citizen or Malaysian permanent resident or foreigner legitimately residing pursuant to a valid visa and with a valid mailing address in Malaysia
• Not be a US person under the Foreign Account Tax Compliance Act (FATCA)
• Be a tax resident of Malaysia only
• Hold a valid bank account in Malaysia and a Malaysian mobile phone number, with no existing or pending bankruptcy or winding-up petition

To redeem a physical gold dinar coin, you need to have at least 4.25g of gold. Then, select the redeem option on your app and input your address for delivery. Ensure you have sufficient cash in your account to pay for your courier fee, insurance/takaful fee and minting fee. Delivery is expected to take about five (5) business days for Peninsular Malaysia and seven (7) business days for Sabah and Sarawak.

The Bursa Gold Dinar is designed as an end-to-end Shariah-compliant platform product, ensuring compliance at every stage including the underlying physical gold. Gold on the platform is backed by an equivalent amount of underlying physical gold with a serial number and is audited from time to time. Furthermore, a seller's gold and buyer's cash will be transferred on a real-time basis; the system will not allow any deferred payment and asset transfer. The platform utilises a trust account with an Islamic bank. The platform also adheres to the Auditing Organization for Islamic Financial Institutions (“AAOIFI”) Shariah Standard on Gold. Additionally, the product has also been endorsed by the Shariah Committee of Bursa Malaysia Islamic Services.

Yes. The underlying physical gold is insured and stored in a secured vault located in Malaysia, operated by a vault operator appointed by Bursa Malaysia Digital Sdn. Bhd. (formerly known as BM Digital Sdn. Bhd.). Bursa Malaysia Digital Sdn. Bhd. also appoints a trustee to be the custodian of all monies handled on the platform.

We deliver affordable services, with no hidden costs or charges. For the full list of fees, please refer to BGD Fee Schedule.