UK’s Royal Mint launches gold bar with Kaaba design ahead of Ramadan

LONDON: The Royal Mint, the UK’s oldest company and official maker of coins, has released a gold-minted bullion bar for Britain’s Muslim community that depicts the Kaaba.

The 20-gram bar, which was released ahead of Ramadan, was created in consultation with the Muslim Council of Wales.

Created in consultation with the Muslim Council of Wales, and exclusively designed by Emma Noble, the 20g minted Kaaba gold bar is released ahead of Ramadan which is likely to begin on March 23. The price of the Kaaba 20g gold bar (999.9 Fine Gold) strats from £1,112.58.

The Sharia-compliant gold and silver bullion is now available on The Royal Mint’s website, which gives customers the opportunity of buying, storing and selling bullion coins and bars 24 hours a day, all year round.

Abdul-Azim Ahmed of the Muslim Council of Wales said: “It’s been wonderful to work with The Royal Mint to introduce this special gold bullion bar depicting the Kaaba. Covered by the kiswa, a black cloth with gold decoration, the building’s outline is unmistakable, and it has now been minted in gold, the precious metal prized for millennia.

“The design will undoubtedly be popular with the Muslim community and exemplifies the craftsmanship of The Royal Mint. It’s been a fascinating process and I hope people across the world will enjoy this bar.”

“This Kaaba gold bar, contained within beautiful Islamic-themed protective packaging, makes a special gift, allowing our customers to give the precious gift of gold during Eid al-Fitr, or as a secure investment with its 999.9g of fine gold containment,” said Andrew Dickey, Director of Precious Metals at the Royal Mint.

“Ramadan is a time of giving, so we’re proud to have supported Islamic Relief, a leading Muslim charity, through the donation of Kaaba gold bars at three UK events, raising upwards of £9,000.” Andrew Dickey added.