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Islamic Monetary Council
About IMC

Established April 2021

Those who spend their wealth [in Allah's way'] by night and by day, secretly and publicly – they will have their reward with the Lord. And no fear will there be concerning them, nor will they grieve.

[Al-Baqara 2:274]

IMC is aiming to be a globally trusted independent not for profit organisation which regulates, monitors, inspects and certifies Gold & Silver products for the benefit of the global Muslim community.

Free from any political ideology or political influence.

About Us - Vision Statement

In Pursuit of Divine Blessings: Our Vision for Shariah-Compliant Business

At the Islamic Monetary Council, our vision is guided by the profound wisdom found in the Quran, the Hadith of the Prophet Muhammad (ﷺ), and the scholarly statements of esteemed Islamic scholars. We are committed to supporting Muslim businessmen and entrepreneurs in their journey to ensure that their transactions are wholly Shariah-compliant, thereby inviting the abundant barakah (blessings) and rizq (sustenance) promised by Allah Ta’ālā.

The Hadith of the Prophet Muhammad (ﷺ) further emphasise the significance of conducting business ethically and in accordance with Islamic principles:

"The buyer and the seller have the option of cancelling or confirming the bargain unless they separate, and if they spoke the truth and made clear the defects of the goods, then they would be blessed in their bargain, and if they told lies and hid some facts, their bargain would be deprived of Allah's blessings."
(Sahih al-Bukhari)

This Hadith underscores the importance of honesty, transparency, and ethical conduct in business transactions, as they attract the blessings of Allah.

Islamic scholars have long stressed the importance of Shariah-compliant business practices. They have provided guidance on matters such as Ribā (usury/interest), fair pricing, ethical sourcing, and responsible financial conduct.

Our vision is in alignment with the statements of these scholars, who remind us that by adhering to the ethical and moral principles of Islam in our business dealings, we not only ensure the integrity of our transactions but also invite the divine blessings of prosperity and success.

Our Commitment:

The Islamic Monetary Council is dedicated to being a guiding light for Muslim businessmen and entrepreneurs. We provide the knowledge, expertise, and support needed to navigate the complex world of finance and commerce while remaining firmly grounded in the principles of Shariah compliance.

Join us on this noble journey as we strive to uphold the principles of Shariah-compliant business and unlock the boundless barakah and rizq that await those who tread the path of piety and ethical conduct in commerce.

For partnership and joining - or wishing to support the IMC please contact us.