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Indonesia:Online sharia-gold trader partners with Antam

Indonesia:Online sharia-gold trader partners with Antam

Thursday, October 12, 2017

 

Tamasia, the digital sharia-based gold trading mobile application, announced on Wednesday its partnership with state-owned diversified mining company PT Aneka Tambang (Antam), as a follow-up to the firms’ agreement in July.

 

Muhammad Assad, CEO and co-founder of Tamasia, said that with the agreement, Tamasia would receive competitive prices from Antam, become a priority buyer of Antam’s stocks and make it possible for Tamasia’s customers to deposit their purchases in Antam.

 

He further added that the partnership with Antam was vital in order to gain customer trust, which is currently the main challenge for Tamasia as it targets the Indonesian middle class.

 

“Our main challenge is convincing customers. That is why we display testimonies from customers who bought through the app on our website,” he said on Wednesday in Jakarta.

 

Assad said Tamasia, currently had around 600 to 700 customers and was already available in 10 major cities across Indonesia such as Jakarta, Banjarmasin in South Kalimantan and Surabaya in East Java, among others.

 

He added that the startup aimed to have 100,000 customers by July next year, coinciding with the first anniversary of Tamasia. It also set an initial target to have monthly transactions of up to one kilogram of gold.

 

Customers can buy gold ranging from 1 gram to 1 kg with installments from three months to two years through the app. As the service is sharia-based, there is no interest on instalments and the gold price is fixed to when the customer makes their purchase through Tamasia.

 

Source: http://www.thejakartapost.com/

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