In a groundbreaking move shaking up both the jewelry and finance worlds, Diamond Standard’s diamond coins and bars have just been certified as Sharia-compliant! That’s right—💠 real natural diamonds can now officially be used in Islamic finance! 🤯
🪙 What’s the big deal?
In Islamic finance, earning interest is a no-go ❌. Instead, all financial activity must be backed by physical assets like gold, silver, or certain metals—but diamonds? Never before... until now!
🔥 Enter Diamond Standard:
They’ve created standardized coins and bars made of natural diamonds, and now Sheikh Dr. Mohamed Ali Elgari, a leading Islamic finance scholar in Saudi Arabia, has given them the official ✅ stamp of approval. That means Muslims can now invest in diamonds as ethical, asset-backed commodities.
💼 This isn’t just paper talk:
- Diamond Standard already launched a new trading firm in the GCC (Gulf Cooperation Council)
- $280 million in capital has already been committed
- They're working with DMCC in Dubai for storage in free zones—meaning no international tariffs
- That’s access to huge markets like the U.S., tax-free! 🇺🇸✨
🌍 Why it matters:
This move turns diamonds into powerful financial tools, not just sparkly status symbols. With compact size, dense value, and now Sharia certification, these gems are becoming the next-gen gold bar for compliant finance!
📈 Bottom line?
Diamonds are no longer just for fingers—they’re now for portfolios, too.
Halal, high-value, and highly disruptive. 💣💰