Wakalah Earning Feature

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.

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 O GOLD 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.

2. All your gold is allocated to the Feature

2.1 The Feature is an integral part of Aspora Gold UAE and is not optional. All digital gold you buy or hold through Aspora Gold UAE, including gold bought under an SIP and any returns credited to you as gold, is allocated to the Feature from the time it is credited to your Gold Holding. By accepting these Terms, you appoint OGOLD as your agent (wakil) to deploy your gold in Shariah-permissible commercial activities [including leasing – Product to confirm] intended to generate variable returns. You will be asked to confirm this appointment separately in the Aspora App before your first purchase. If you do not wish to appoint OGOLD as your agent, you should not buy or hold gold through Aspora Gold UAE.

3. Existing customers

3.1 If you held gold through Aspora Gold UAE before [date], we will ask you to accept these Terms in the Aspora App, and your existing gold will not be allocated to the Feature until you accept. If you have not accepted by [date], you will not be able to make further purchases, and you may sell or physically redeem your existing gold without any Feature-related fee. [Product to confirm treatment of gold that is neither sold nor redeemed.

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 Aspora’s Digital Gold Terms and Conditions 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, 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 breach of 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 redeeming 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 or Kalyan redemption, 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 or redeem your gold 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 Digital Gold Terms and Conditions.

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 O GOLD 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.