Minted, a UK-based gold investment platform, has teamed up with Kestrl – The Muslim Money App, a UK app that helps Muslims to achieve their financial goals in line with Islamic or ‘Shariah’ values. Minted joins a cohort of other investment providers on Kestrl’s ethical investment marketplace.
Kestrl was founded by two Cambridge MBAs with a desire to expand the financial options available to them. The app aims to solve a problem faced by over 2 million Muslims in the UK and beyond: banking and investing in line with their religious beliefs. Kestl helps people at every stage of their personal finance journey, from budgeting, debt and emergency planning, to saving for both the short and long-term.
Minted’s investment platform allows the everyday investor to buy and sell gold, from as little as £30 per month. Unlike other gold-buying platforms, customers own physical 24-carat gold bullion, minimising exposure to fluctuations in price or global currency movements. Investors can either buy gold in units ranging from 10g to 1kg or choose from a range of monthly savings plans. The gold bullion purchased is fully insured and can be stored in a secure London vault.
Areeb Siddiqui, CEO of Kestrl said: “We cannot wait to welcome Minted as the first ethical brand to our investment marketplace. Gold as an asset class has held a special place in the hearts and minds of Muslim investors historically. To offer a service that allows our users to buy and sell gold in a convenient and cost-effective manner is a key strategic step for us.”
Becky Hutchinson, managing director at Minted, said: Right from the start, we wanted to make investing in gold a possibility for absolutely everyone. Collaborating with like-minded companies such as Kestrl is one of the ways we’ve been able to expand our service offering.
“We are changing the way people think about gold and helping to grow the world of ethical financing, allowing even more budding investors to access precious metals. At a time of low-interest rates and significant stock market volatility, this is more important than ever before.”
Visit Kestrl at https://kestrl.io/ for further details and to download the app on both iOS and Android.
Minted’s platform is live in the UK. Visit www.theminted.com for more info.