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About Al-Wadiah
At LB Al-Salamah, we offer Al-Wadi’ah Gold Safekeeping, a Shari’ah-compliant solution that provides secure custody of your valuable gold assets. Built on the principles of trust, responsibility, and protection, this arrangement allows customers to safely store their gold with confidence while always retaining ownership.
What is Al-Wadi’ah Gold Safekeeping?
Al-Wadi'ah is a Shari'ah-compliant safekeeping arrangement through which customers place valuable assets, such as gold, with LB Al-Salamah for secure custody and protection. Under this arrangement, LB Al-Salamah acts as the custodian and is responsible for safeguarding the deposited assets and returning them to the owner upon request, subject to the agreed terms and conditions.
Under this arrangement, a pre-agreed safekeeping fee will be charged for the custody services provided. Customers may also utilize their Safe Keeping certificate as collateral to obtain a Qard Al-Hasan (Benevolent Loan), an interest-free emergency cash solution.
Key Features of LB Al-Salamah's Al-Wadiah Gold Safekeeping
- Secure and professional storage of gold and other approved precious assets.
- Full ownership of the gold remains with the customer throughout the safekeeping period.
- Transparent safekeeping fees with clearly defined terms and conditions.
- Safe Keeping certificate can be pledged as collateral for a Qard Al-Hasan facility, subject
- to eligibility and approval requirements.
- Qard Al-Hasan (Benevolent Loan), an interest-free emergency cash solution.
- Gold assets are protected under strict security and operational controls managed by our
- dedicated Business Unit Professionals.
- All transactions are conducted in accordance with the principles of Islamic finance.
Why Choose Al-Wadiah Gold Safekeeping with LB Al-Salamah?
- Shari’ah-Compliant gold custody solution.
- Secure and reliable safekeeping of valuable assets.
- Access to interest-free emergency cash through Qard Al-Hasan.
- Transparency and peace of mind throughout the safekeeping period.
- Professional management and secure handling of your gold holdings.
For individuals seeking a trusted, Shari’ah-compliant method of safeguarding their gold while maintaining liquidity options through interest-free solution, Al-Wadi’ah Gold Safekeeping from LB Al-Salamah offers security, flexibility, and peace of mind. Whether you are preserving wealth for the future or seeking access to short-term financing without compromising your Islamic values, Al-Wadi’ah provides a practical and reliable solution.
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