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Gold gains traction in Islamic investing as rally spurs interest
By Yihui Xie
Bloomberg News
via News24, Cape Town, South Africa
Monday, August 18, 2025
In a small town an hour's drive from Malaysia's capital, a new, high-security vault illustrates the growing popularity of gold products and services designed to cater to Islamic principles.
Run by a subsidiary of Loomis AB, the Swedish cash- and bullion-handling company, together with local security firm E2S Group, the 20-ton facility in Nilai represents a push to tap into the nation's burgeoning Islamic bullion sector.
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"There's a desire among local bullion dealers to have proper storage facilities," Jeremy Beh, Loomis International's country head in Singapore, said in an interview, before the site was inaugurated to an audience of traders, refiners and bankers last week. Several local banks have recently rolled out so-called halal gold investment products as demand has surged, he said. ...
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