KUALA LUMPUR, JULY 13 — Pos Malaysia Bhd is targeting up to 70,000 customers for its newly launched Shariah-compliant digital gold service, Pos ArRahnu Gold-i, within the first year.
Pos ArRahnu Head Mohammed Zubair Peerpulavar said Pos ArRahnu Gold-i, which was launched in collaboration with Go Capital Growth Sdn Bhd, targets investors as well as the mass market.
“We are focusing more on customers in the B40 and M40 groups,” he told reporters after the launch of Pos ArRahnu Gold-i here today.
In a separate statement, Pos Malaysia announced that the digital gold service combines Go Capital Growth’s expertise in gold investment with a simple and secure platform, thus allowing Malaysians to start saving and investing in gold with as little as RM10.
According to the company, the service provides a practical and accessible method for Malaysians to start saving gold.
“Pos ArRahnu Gold-i meets this demand by lowering the minimum participation value and facilitating access for first-time savers, young workers, families and B40 customers.
“Building on over 200 years of trust and a nationwide network, Pos Malaysia continues to expand its services beyond traditional postal and logistics services to meet the ever-evolving needs of Malaysians through simple, practical and value-added solutions,” said Pos Malaysia.
Pos Malaysia also informed that the gold offered through Pos ArRahnu Gold-i is supported by accreditation and verification from relevant recognized bodies, including the London Bullion Market Association (LBMA), the Standards and Industrial Research Institute of Malaysia (SIRIM) and the National Metrology Institute of Malaysia (NMIM), thus providing greater confidence to customers in the purity, quality and transparency of the gold.
The service allows customers to buy, sell and accumulate gold digitally at current market prices, enjoy some of the lowest gold spreads in the market, as well as convert digital gold holdings into physical gold or cash as needed.
The national postal and parcel service provider announced that Pos ArRahnu Gold-i combines the Pos Malaysia network nationwide with a recognised gold purity guarantee, low minimum participation value and the flexibility for customers to buy, sell or exchange gold via digital channels or at Pos ArRahnu branches nationwide.
In conjunction with its launch, Pos ArRahnu also introduced several selected gold products, including a special edition one-gram gold bar “Pos World” which is limited to 500 units.
The gold bars will be offered along with other gold products at Pos ArRahnu branches nationwide.
Pos ArRahnu Gold-i is available starting today through participating Pos ArRahnu branches nationwide as well as its digital service platform.
— BERNAMA
