11/04/2023
Clarification / Notice Tawarruq Concept
CLARIFICATION / NOTICE - TAWARRUQ CONCEPT FOR PRODUCTS
Date Of This Notice: 7 April 2023
QUANTUM METAL SDN BHD (“QMSB”) wishes to clarify that currently, all its products are based on Shariah Concept, the Shariah Compliant Products is based on guidance and advice from reputable Independent Shariah Advisor. As such, products that require compliance with TAWARRUQ CONCEPT will be provided with the right shariah compliance process with proper guidance from Shariah Advisor(s).
QMSB wishes to reiterate that customer purchase of gold should be properly evaluated by the customer’s own financial ability in view that gold is just like any other products, its prices can fluctuate, subjected to many other market factors which means there is risk and profit is not guaranteed.
All expenses pertaining to the compliance with Shariah Requirements have always been undertaken by QMSB, this remains unchanged.
The latest product sheet that has been reviewed and advised by the Shariah Advisors, these documents are available on the website, should you require any assistance on this, please contact email: [email protected].
On another note, regarding the Shariah Pronouncements issued by the Independent Shariah Consultant(s) for QMSB products, it is subjected to periodic review. In this regard, QMSB wishes to highlight that in effort to ensure good and effective advisory services for compliance purpose, proper review will be performed from time to time, to assess if any improvement is required.