Members Of IGD Syariah Control Council
Chairman :
Dato’ Alim Panglima Hj. Mat Jahya bin Hj. Hussin
Former Mufti, State of Perlis
Members :
Dr. Haji Abd. Aziz bin Hj. Hanafi
Principal, Institut Pokok Sena, Kedah
Prof. Madya Dr. Mahamad Hakimi bin Ibrahim
Lecturer, USM
Prof. Madya Dr. Zuhaimy bin Ismail
Lecturer, UTM
Dr. Hj. Mohd. Yunus bin S. Mahmood
Medical Specialist
Al-Hafiz Imam Ali Mannaf
Imam, Masjid Bukhari, Kuala Lumpur.
Contact Address:
CP65 , Suite 1806 , 18th floor ,
Central Plaza ,
34 Jalan Sultan Ismail ,
50250 Kuala Lumpur ,
Malaysia.
Showing posts with label IGDX. Show all posts
Showing posts with label IGDX. Show all posts
IGD Syariah Control Council
Bullish about bullion
News from The Star (Malaysian Newspaper),
Content take from http://gold-dinar.blogspot.com/
By EDWARD RAJENDRATuesday, February 27, 2007newsdesk@thestar.com.my
KLANG: Soaring gold prices have led to a new trend among buyers, who are now buying more bullion in the form of coins.Malaysian Indian Goldsmith and Jewellers Association adviser N.P. Raman said, “Many regular buyers are now beginning to look at gold purely as a financial asset, adding to their investment portfolio.
“Many women now choose to buy gold coins or even
bars as investment, instead of jewellery as jewellery adds 25% to 30 % to the
cost, to cover craftsmanship,” he said.
Highly priced: More buyers
are now converting their cash into gold, and buying ingots and coins.Raman said the current investment-led buying has led jewellery shops in the Indian business enclave of Jalan Tengku Kelana here to display more gold coins. “Before the prices started to climb, we had two different types of buyers – the ones who bought gold to convert it into jewellery for special occasions, and young executives who buy gold for capital appreciation,” he said.
Raman said parents are now saving in gold coins as an alternative to traditional insurance policies that tied them for a stipulated period. Some people were even buying gold coins on an instalment basis, by “depositing” cash with goldsmiths every month. “People are not waiting to see if the market is going up or down but are buying bullion as it is considered a hedge against inflation. Market watchers. Anticipate that the price of gold may surge to US$800 (RM2,794) an ounce soon, due to Middle-East tensions,” he added.The price of gold yesterday closed at RM78 per gram.
Content take from http://gold-dinar.blogspot.com/
Najib Confident Malaysia's IGDX Can Go For LSE And NYSE Listings
Najib Confident Malaysia's IGDX Can Go For LSE And NYSE Listings
KUALA LUMPUR, Feb 14 (Bernama) -- Deputy Prime Minister Datuk Seri Najib Tun Razak has expressed confidence that Malaysian-owned IGDX Holdings Ltd will be able to go for listings on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) in three years.
The company, which is involved in gold trading and refining, was listed on the Australian Stock Exchange (ASX) metals and mining sector on Feb 9 this year.
"I believe the IGDX group of companies will serve as an epitome to other local listed companies to stand on international grounds," he said at a dinner here tonight to celebrate the successful listing.
Thus, he added, the government will firmly support the role played by the IGDX group, especially in new areas of growth under the Ninth Malaysia Plan.
Najib said the private sector is encouraged to participate aggressively in fields that are crucial to the country's long-term future.
"Therefore, let us redefine public-private partnership to provide a more balanced and appropriate sharing," he said.
Meanwhile at a press conference later, IGDX chief executive officer Datuk Dr Shamshudeen Yunus said that if opportunities arise, the company would go for the listings.
This will depend on the company's acquisition strategy, he said, adding that the company is aiming to acquire two mines in Malaysia and a couple in Australia.
IGDX, which trades in physical gold rather than futures, has a significant share in the gold market internationally as well as offices in Malaysia, Hong Kong and Indonesia. Its trading platform allows traders and investors from all over the world to trade and hedge their physical gold.
-- BERNAMA
Wednesday, February 28, 2007KUALA LUMPUR, Feb 14 (Bernama) -- Deputy Prime Minister Datuk Seri Najib Tun Razak has expressed confidence that Malaysian-owned IGDX Holdings Ltd will be able to go for listings on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) in three years.
The company, which is involved in gold trading and refining, was listed on the Australian Stock Exchange (ASX) metals and mining sector on Feb 9 this year.
"I believe the IGDX group of companies will serve as an epitome to other local listed companies to stand on international grounds," he said at a dinner here tonight to celebrate the successful listing.
Thus, he added, the government will firmly support the role played by the IGDX group, especially in new areas of growth under the Ninth Malaysia Plan.
Najib said the private sector is encouraged to participate aggressively in fields that are crucial to the country's long-term future.
"Therefore, let us redefine public-private partnership to provide a more balanced and appropriate sharing," he said.
Meanwhile at a press conference later, IGDX chief executive officer Datuk Dr Shamshudeen Yunus said that if opportunities arise, the company would go for the listings.
This will depend on the company's acquisition strategy, he said, adding that the company is aiming to acquire two mines in Malaysia and a couple in Australia.
IGDX, which trades in physical gold rather than futures, has a significant share in the gold market internationally as well as offices in Malaysia, Hong Kong and Indonesia. Its trading platform allows traders and investors from all over the world to trade and hedge their physical gold.
-- BERNAMA
Content take from http://gold-dinar.blogspot.com/
IGDX Holdings planning to go into gold mining
IGDX Holdings planning to go into gold mining
Source from The Star, 15 February 2007
By Sabry Tahir
KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made a satisfactory debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia, earliest by this year.
Chief executive Datuk Dr Shamshudeen Yunus said the company planned to inject at least A$20mil for the purpose of acquisitions and running of mines, including buying special ore separation machinery.
The company plans to buy two mines in Malaysia and "a couple" in Australia, he said.
"We need to raise the fund to do all this. We may have to go for more new listings," he said.
IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said after the official celebration on Wednesday for IGDX's listing on the ASX.
The company, which is involved in gold trading and refining became the first Malaysian company to be listed on the ASX' metals and mining sector and remained 100%-owned by Malaysian investors with Shamshudeen as the largest shareholder.
Shamshudeen claimed IGDX - a listing vehicle formed by parent company, gold dinar and ornament trader E-Qirad group - is the world's first company to be listed based on gold-for-gold trading on a stock exchange.
The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Feb 14, Shamshudeen said.
He said IGDX chalked RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30 2006.
"We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and sell them at prevailing prices," Shamshudeen said adding that 8% of the revenue was allocated for the company's shariah-based profit sharing with the gold dinar owners.
With a buying capacity of 200kg to 250kg of gold a week, the company mainly sourced its gold supply from Indonesia.
He said IGDX had projected an annual profit growth of 10% to 12%.
Source from The Star, 15 February 2007
By Sabry Tahir
KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made a satisfactory debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia, earliest by this year.
Chief executive Datuk Dr Shamshudeen Yunus said the company planned to inject at least A$20mil for the purpose of acquisitions and running of mines, including buying special ore separation machinery.
The company plans to buy two mines in Malaysia and "a couple" in Australia, he said.
"We need to raise the fund to do all this. We may have to go for more new listings," he said.
IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said after the official celebration on Wednesday for IGDX's listing on the ASX.
The company, which is involved in gold trading and refining became the first Malaysian company to be listed on the ASX' metals and mining sector and remained 100%-owned by Malaysian investors with Shamshudeen as the largest shareholder.
Shamshudeen claimed IGDX - a listing vehicle formed by parent company, gold dinar and ornament trader E-Qirad group - is the world's first company to be listed based on gold-for-gold trading on a stock exchange.
The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Feb 14, Shamshudeen said.
He said IGDX chalked RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30 2006.
"We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and sell them at prevailing prices," Shamshudeen said adding that 8% of the revenue was allocated for the company's shariah-based profit sharing with the gold dinar owners.
With a buying capacity of 200kg to 250kg of gold a week, the company mainly sourced its gold supply from Indonesia.
He said IGDX had projected an annual profit growth of 10% to 12%.
IGDX to go into gold mining
IGDX to go into gold mining
Datuk Seri Najib Tun Razak touching a crystal ball to mark the official celebration.With him are (from left): Malacca Chief Minister Datuk Seri Mohd Ali Mohd Rustam, IGDX chairman Dr Mohd Yunus Mahmood and Datuk Dr Shamshudeen
Source from The Star, 16 February 2007
By SABRY TAHIR
KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made its debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia.
Chief executive Datuk Dr Shamshudeen Yunus said the company, which may go into it as early as this year, would inject at least A$20mil for the acquisition and operation of mines, including buying special ore separation machinery.
The company planned to buy two mines in Malaysia and “a couple” in Australia, he said.
“We need to raise the funds to do all these. We may have to go for more listings, “he said.
IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said on Wednesday evening after the official celebration for IGDX’s successful listing on the ASX.
On Feb 9, the company, which is involved in gold trading and refining, became the first Malaysian company to be listed on the ASX metals and mining sector. Shamshudeen is the largest shareholder.
Shamshudeen said IGDX – a listing vehicle formed by gold dinar and ornament trader E-Qirad group – was the world’s first listed company doing physical gold trading.
The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Wednesday, Shamshudeen said.
He said IGDX chalked up RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30, 2006.
“We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and selling them at prevailing prices,” Shamshudeen said, adding that 8% of the revenue was allocated for the company’s syariah-based profit-sharing programme with the gold dinar owners.
He said IGDX had projected an annual profit growth of 10% to 12%.
Deputy Prime Minister Datuk Seri Najib Tun Razak, who was present at the event, said the Government would firmly support the role played by E-Qirad, especially in new areas of growth under the Ninth Malaysia Plan.
KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made its debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia.
Chief executive Datuk Dr Shamshudeen Yunus said the company, which may go into it as early as this year, would inject at least A$20mil for the acquisition and operation of mines, including buying special ore separation machinery.
The company planned to buy two mines in Malaysia and “a couple” in Australia, he said.
“We need to raise the funds to do all these. We may have to go for more listings, “he said.
IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said on Wednesday evening after the official celebration for IGDX’s successful listing on the ASX.
On Feb 9, the company, which is involved in gold trading and refining, became the first Malaysian company to be listed on the ASX metals and mining sector. Shamshudeen is the largest shareholder.
Shamshudeen said IGDX – a listing vehicle formed by gold dinar and ornament trader E-Qirad group – was the world’s first listed company doing physical gold trading.
The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Wednesday, Shamshudeen said.
He said IGDX chalked up RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30, 2006.
“We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and selling them at prevailing prices,” Shamshudeen said, adding that 8% of the revenue was allocated for the company’s syariah-based profit-sharing programme with the gold dinar owners.
He said IGDX had projected an annual profit growth of 10% to 12%.
Deputy Prime Minister Datuk Seri Najib Tun Razak, who was present at the event, said the Government would firmly support the role played by E-Qirad, especially in new areas of growth under the Ninth Malaysia Plan.
Subscribe to:
Posts (Atom)
Gold Chart
This is Real Time Gold Chart.
![[Most Recent Charts from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tMt093R1W9vfzMiRaA2y2LUz0dCBILpmXtMfIaPl1-CdBFyChAX2mxDSMUXHpi-VR7OXmR7AZxI4QgKk1XrgQkT6SGN0ae6dswt5N_5B3PwMLR45JQaI37M8lmFWsiVvozsw=s0-d)
24 hour $US Dollar price per ounce.
______________________________
![[Most Recent Charts from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tkO5z0AmZiQy2hGJQ8snvW7OPdbGjvwMXBhif2DxSvcbOsDdNNkveOtUwBqQnHp4KkGXCycf0IYexJ0zfjNARjDewE5nPi8Qja-pOaAItfhqUO1TRw1rBjnba9lhA0lqU1=s0-d)
24 hour $US Dollar price per kilo.
24 hour $US Dollar price per ounce.
______________________________
24 hour $US Dollar price per kilo.
