Wakalah Earning Feature
(Last updated on October 19, 2026)
These Aspora Gold UAE – Wakalah Earning Feature Terms (“Terms”) apply to all digital gold held through Aspora Gold UAE. They supplement the Aspora Gold UAE Terms and Conditions (the “Gold Terms”). Capitalised terms not defined in these Terms have the meaning given to them in the Gold Terms. “We”, “us”, “our” and “Aspora” mean Aspora Information Technology Services L.L.C S.O.C. If these Terms conflict with the Gold Terms on any matter relating to the Feature, these Terms prevail.
1. The Feature
1.1 Aspora Gold UAE includes an earnings feature, shown in the Aspora App as “Earn up to 3%” (the “Wakalah Earning Feature” or “Feature”), provided in partnership with OGOLD Precious Metals Trading LLC (“OGold”), Aspora’s metals partner in the UAE. The displayed figure is an indicative annual target, not a guaranteed rate or return. The Feature is structured as a Shariah-compliant Wakalah (agency) arrangement, as certified by OGold’s Shariah certifier referred to at the end of these Terms. The Shariah determination is that of OGold and its certifier; Aspora does not provide Shariah advice and makes no representation as to Shariah compliance.
2. All your gold is allocated to the Feature
2.1 The Feature forms an integral and mandatory part of Aspora Gold UAE and is not optional. All digital gold purchased or held through Aspora Gold UAE, including gold purchased through a Systematic Investment Plan (SIP) and any returns credited in the form of gold, shall be allocated to the Feature from the time such gold is credited to your Gold Holding, subject to clause 3.1 for existing customers. By accepting these Terms, you appoint OGold as your agent (wakil) to deploy your gold in Shariah-compliant commercial activities intended to generate variable returns. Such activities may include gold leasing and other permissible activities described in the Aspora App from time to time, in accordance with applicable Shariah principles and these Terms. Your continued purchase or holding of digital gold through Aspora Gold UAE shall be subject to these Terms and the operation of the Feature. If you do not agree to these Terms, you should not purchase or hold digital gold through Aspora Gold UAE.
3. Existing customers
3.1 If you held gold through Aspora Gold UAE as of 31 August 2026, your existing gold holdings will be automatically opted in to this Feature unless you reject these Terms by responding to the email communication sent by Aspora within the specified period and in accordance with the prescribed process. If you do not reject these Terms within the specified period, your existing gold holdings will be deemed opted in to this Feature.
4. Custody and records
4.1 Participation involves the holding, custody and operational handling of your gold and remains subject to the custody, storage, settlement and risk provisions of the Gold Terms and OGold’s applicable terms, except where these Terms expressly provide otherwise. Your gold may be pooled with other customers’ gold and tracked proportionally through OGold’s internal custody and allocation ledger. OGold must keep records that identify each customer’s entitlement within any pooled or designated customer holdings.
5. OGold’s role and fees
5.1 OGold acts as your agent and does not guarantee commercial performance or a return. This does not limit its responsibility for its custody and agency obligations, its own breach or misconduct, or liability that cannot lawfully be excluded. Any fees payable to OGold or Aspora, including any agency (wakalah) fee, and how they are calculated, are shown in the Aspora App before your first purchase.
6. Risks you accept
6.1 You acknowledge and agree that:
(a) your gold is subject to commercial risk arising from the activities undertaken on your behalf;
(b) returns depend on the outcome of those Shariah-permissible activities and are calculated on a performance-based, variable basis, and are not fixed or guaranteed;
(c) commercial losses, if any, are allocated proportionally to customers based on their allocated gold holdings, except to the extent caused by OGold’s negligence, misconduct or breach of these Terms or its duties or as otherwise required by applicable law; and
(d) the Feature is not a deposit, savings product, fixed-income product, capital-protected investment or bank account.
7. Returns and settlement
7.1 Returns, if generated, are calculated and distributed using the methodology and frequency shown in the Aspora App. Projected, indicative or historical performance shown in the App is illustrative only and does not guarantee future performance. Accrued returns, if any, are settled on the periodic cycle shown in the Aspora App. OGold may change that cycle for operational, liquidity, regulatory or Shariah governance reasons, subject to applicable law and advance notice of a material change. A change applies prospectively.
8. Selling or taking physical delivery of your gold
8.1 Because all your gold is allocated to the Feature, you cannot hold gold outside it. When you sell gold or request physical delivery, the relevant quantity is first withdrawn from the Feature. OGold will process a withdrawal from the Feature as soon as reasonably practicable after your request. The Aspora App will show the expected processing time and any applicable fees before you confirm. If processing will take longer than shown, we will tell you the reason and the revised expected timeline. OGold will account for profit or loss accrued up to the effective date of withdrawal in accordance with the settlement method shown in the Aspora App.
9. Changes, suspension and discontinuance
9.1 The Feature may be modified, suspended or discontinued in accordance with applicable law, regulatory requirements, Shariah governance decisions or operational needs. We will give you notice of a material change before it takes effect where practicable. We will obtain your fresh consent where required by law or where a change materially expands the activities for which your gold may be used. If you do not consent, you may sell your gold or request physical delivery before the change takes effect without any Feature-related fee. If the Feature is suspended or discontinued, your gold will continue to be held for you under the Gold Terms.
10. Acceptance
10.1 By accepting these Terms and confirming your appointment of OGold in the Aspora App, you acknowledge that all your digital gold is allocated to the Feature and that returns are variable, linked to actual performance and not guaranteed.
Shariah certificate
Shariah certificate issued by AlHuda CIBE to OGold Precious Metals Trading LLC for “Gold Halal Trade and Investment”.
Issued 14 August 2026; expires 13 August 2027. The certificate concerns OGold’s procedures and does not itself guarantee a return or capital protection. The certificate is issued to and relied on by OGold; Aspora does not provide Shariah advice.
