This topic explains the concept of Easy Payment Purchase (EPP) by Public Gold, which is a Shariah-compliant, transparent, and secure method of buying larger-sized gold through instalments.
1. What Is EPP (Easy Payment Purchase)?
EPP is a gold instalment purchase method that allows you to own larger-sized gold without having to pay the full amount at once.
- The gold is selected first, for example a 50g or 100g gold bar
- The gold price is locked on the registration day
- Payment is made by instalments according to the selected period
- The gold only becomes yours after full payment is completed
2. EPP Plan Options
Public Gold provides several EPP plan options:
- 6-Month EPP – 6 instalment payments, with a minimum purchase of RM1,000
- 10-Month EPP – Offered during selected promotions
This plan is designed to help you plan your finances without burdening your monthly cash flow.
3. Main Advantages of the EPP Program
- Gold Price Is Locked – The price does not change even if the market price goes up
- No Interest / Riba – The price is divided according to the payment period with no extra charges
- Easier to Own Larger Gold – Suitable for those with a limited budget
- Low Risk – Payments are protected, and it is not an investment scheme
4. How Is EPP Shariah-Compliant?
In Islam, gold trading must follow this requirement: full payment and delivery must happen at the same time.
To ensure Shariah compliance, Public Gold uses the Waad concept, which means a promise.
EPP Shariah Structure:
- Promise Phase (Waad)
You make a promise to buy the gold at the locked price. No sale and purchase contract takes place at this stage. - Instalment Phase
The monthly payments are only a commitment to fulfil the promise, not ownership of the gold. - Sale and Purchase Contract Phase
The actual contract only takes place after full payment has been made and the gold is delivered.
With this structure:
- There is no riba
- There is no gharar, which means uncertainty
- There is no delayed sale and purchase contract
This concept has been certified Shariah-compliant by Amanie Advisors.
5. What Happens If EPP Cannot Be Continued?
If you are unable to continue the payment:
- The EPP order will be cancelled
- All instalment payments will be refunded
- Only a small management cost will be deducted
There is no such thing as forfeiting all your money or losing the entire payment.
6. Who Is Suitable to Use EPP?
- Individuals who want to own larger-sized gold
- Those who want to avoid loans with riba elements
- Medium- to long-term gold savers
- Individuals who need structured financial planning
7. Learning Summary
- EPP is a legitimate and Shariah-compliant instalment method for buying gold
- The gold price is locked from the beginning
- There is no interest or hidden charge
- The gold only becomes yours after full payment is completed
- Suitable for building gold assets in a planned way
