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Frequently Asked Questions

1. What does IGD stand for?

IGD stands for International / Islamic Gold Dinar. It is a gold coin that follows the standards set by the Second Caliph Umar Ibn Al-Khattab.

2. What are the standard and specifications of IGD?

IGD is 4.25 gram of 22 carat gold, 9166 purity. Further information on IGD denominations and weights can be obtained from www.igdexchange.com by clicking on Gold Dinar and Silver Dirham.

3. Where can I buy IGD?

IGD can be bought from any of the IGD Wakala. The names and addresses of Wakalas can be obtained from www.igdexchange.com by clicking on Wakala List and using the interactive map.

4. Do I get any certificate when purchasing IGD?

Yes, a certificate of authenticity will accompany each of the IGD sold to customers.

5. What are the IGD denominations available for sale?

The IGD denominations currently available for sale are ½, 1 and 2 IGD.

6. What is the price of 1 IGD?

Our buying and selling price of IGD is stated at www.igdexchange.com. IGD price depends on the international market price for gold and is expressed in Ringgit Malaysia.

7. What is the benefit of buying IGD?

Buying IGD is an effective way to protect your wealth from inflation. The value of gold in terms of other goods and services is extremely stable in the long run. Currencies, on the other hand, are facing continuous inflation and can not match gold in preserving purchasing power. In addition, by converting to IGD, you are protecting your wealth from unexpected financial or currency crisis.

8. What is the benefit of buying gold in the form of IGD?

The main advantage of buying IGD is that it is easy for a customer to sell it back. We buy back our IGD at more attractive price than any goldsmith does. In addition, IGD is sold at a very low premium. Jewelries are sold at much higher premium due to the cost of craftsmanship.

9. Where can I sell my IGD?

IGD can be sold to any of the IGD Wakala. The names and addresses of our Wakalas can be obtained through the interactive map at www.igdexchange.com by clicking on Wakala List.

10. Where can I safely keep my IGD?

Upon request, we provide a safekeeping service to our customers who feel concern about the security and/or the cost of keeping their physical IGD.

11. How do I request for IGD safekeeping service?

In order to request for IGD safekeeping service, you need to fill up and submit the Dinar Account Opening Form.

12. How can I keep track of my IGD?

Upon request for IGD safekeeping, an IGD account will be created which allows you to keep track of your IGD by logging in through your user ID and password.

13. Are there any charges for the safekeeping of IGD?

There is no charge for the safekeeping of IGD. The Company bears the cost of safekeeping, a service offered exclusively for IGD customers.

14. Do I get any interest or return if I place my IGD for safekeeping?

No. IGD Group is not a deposit taking institution and does not give any interest or return on the IGD that it safe-keeps.

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