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2016-11-14 — businessinsider.com
A "Sharia Gold Standard" -- which will clarify and streamline Islamic gold-investing rules -- is on track to be implemented by the end of the year. This means that the approximately 100 million active Muslim investors will soon have gold as an investment option.
At current prices, if Islamic financial institutions allocate to gold just 2 percent of the assets they manage, it would equal roughly 1000 tonnes of extra demand.
Standard and Poor's projects the industry could reach US$5 trillion by 2020. Some industry forecasts say that the number will be as much as US$6.5 trillion in four years.
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