TNG Digital, the company that manages Touch ‘n Go eWallet (TNG eWallet), has officially launched e-Mas (not to be confused with Proton’s EV sub-brand), which allows Malaysians to invest in digital gold easily from the eWallet app.

The latest investment product is part of the TNG eWallet’s efforts to provide financial empowerment and accessibility for all Malaysians.

With e-Mas, TNG eWallet users can start buying gold from as little as RM10. Users can monitor the daily gold prices from the same app, and buy and sell their gold using their eWallet balance.

The gold investment product is made possible with CIMB Bank as the liquidity provider and is open to Malaysians aged 18 years old and above. The e-Mas feature is available only for TNG eWallet users who have completed the eKYC (electronic know your customer) process.

According to the FAQ, e-Mas is not Shariah-compliant as the gold investment offering is only available in digital format.

One of the requirements for Shariah-compliant gold investment is that it needs to be fully allocated physical gold.

TNG Digital says it understands the importance of Shariah-compliance and they are working with CIMB to offer Shariah-compliant gold investment options in the future.

Take note that gold investment is not an interest-bearing product as the investment is purely based on the buying and selling of gold based the daily gold prices.

Like most investment products, there’s no guarantee for earning returns for gold and it isn’t protected by PIDM.



To get started with your gold investment, just launch the Touch ‘n Go eWallet app and then go to the investment tab or search for e-Mas. On the e-Mas page, you can tap on “Start Now” after accepting the terms and conditions.

The e-Mas interface is quite straightforward and you can tap on “Buy Gold”, followed by entering the desired amount in either RM or grams.

The total amount will be reflected on the bottom of the screen. Once you’ve confirmed the amount, the transaction will deduct the amount from your eWallet balance and the amount of gold will be displayed on the home screen of the e-Mas section.

To sell your gold, just tap on “Sell Gold” on the e-Mas page, select the amount you wish to sell or tap on the preset percentage.

Once the transaction is confirmed, the amount will be credited to your eWallet balance.

To keep track of your investment, the e-Mas selection also has a built-in price chart which displays the current price of gold with the price history in weekly and monthly views.

According to TNG Digital, there are no extra fees or charges when you buy or sell gold via e-Mas.

The gold price offered for each purchase and selling is the prevailing gold price quoted at the time of the placement of purchase and selling.

The FAQ states that the quoted price shall be determined by TNG Digital at its sole and absolute discretion taking into account all factors which include prevailing world and local market conditions for gold, the exchange rate between USD and MYR and the gold fineness.

https://soyacincau.com/2024/07/03/tng-ewall...l-digital-gold/

Absolutelyharam.jpg incoming

Like futures trading since no physical/real gold involved?

Touch and go shud just focus on thier core business instead. I rather buy gold from maybank gia account as it’s protected by pidm

The Maybank Islamic Gold Account-i is shariah-compliant where you can redeem for physical gold.

But the buy/sell spread is a bit steep.

No PIDM

No, investment product are not protected by PIDM. Even Maybank and all other Banks are the same.

Now we can lose money on touch n go

Yes, you TOUCH your money for the last time and see it GO away

The company's just DAMN HUNGRY for your wallet's content.. Lol.

Is this why CCP clamp down on Ali Baba in ccp land?

How much fee? Buying/selling fee? Daily/monthly fee?

"According to TNG Digital, there are no extra fees or charges when you buy or sell gold via e-Mas."

Bro pidm Ada baca tak?

Hmm earn what then? Liddat must be already added the fee into buying/selling price.
Or maybe no fee for now.

Mungkin silap but then again my gold account I only invested 10k in 2005

So if anything happen, I only lost 10k + the profit since gold was only 138 ringgit back then per gram

Ayam dont think its protected by pidm

Myabank launched its MIGA-i on 17th May 2021

if i could avoid using tng for tolls i would

Sounds good

Now got Visa lane liao

Really? Which highways?

Seen on highways lately, but it is shared with T&go payments mostly.

Macam alot toll got.
NSE also got

Closed highway like North south highway still TNG kan?
Open tolls like LDP and mex has CC which is great

This post has been edited by Rusty Nail: Jul 3 2024, 08:43 AM

Which bank has the best spread so far? Ayam also reluctant to invest paper gold due to the huge spread.

Not sure which bank has the best spread but I think they should all be more or less the same.

for buying gold, i prefer Public Gold.

must need physical gold when we buy gold.

otherwise, it's absolutelyharam.jpg for muslims.

where u keep your physical gold? at home?

yes. got small safe box well hidden inside my home.

but PG also offers safe keeping for a small fee if you worried about theft.

So many risk though.

Risk of being robbed when collect/transport the physical gold.
Risk of theft of the stored gold.
Extra cost of keeping the gold at secured location.

For pure investment purpose, since I'm not Muslim, I would rather have peace of mind and ease of trading with paper gold.

The feeling of holding real gold > all

Invest what la.
I keep on investing every month with my b40 salary. No way near can throw letter.

Thief: I'm feeling you man.

Paper gold has much less spread than physical gold.

End of the world, potato more valuable than gold.

can you transfer money from TnG e-mas to your bank account after selling the gold for profits?

True!

Show me the gold.

You can

So hungry for money de

Many people always quote "PIDM", but might not even know the basic fact about PIDM. 1) PIDM only protect your deposit up to 200K if bank out of business. ONLY deposit, your investment, which gold is an investment is NOT protected, it doesn't matter you buy from TNG wallet or banks. 2) PIDM only protect you if bank is out of business, not protect you for fraud or investment losses etc.. TNG gold is a CIMB product, the chance of CIMB or Maybank goes out of business is probably equally remote.

The fact is when it comes to Gold investment, PIDM doesn't really matter at all. The spread and fee probably is what you should look at much more carefully

spread very high right

When people mentions Spread, what does it mean really ah?

Why bother with e or paper gold?

Physical gold.

1kg gold bar like the one below is only 53mm x 118mm x 8mm @ ~RM410,000

2020 shoot up



This post has been edited by Phoenix_KL: Jul 4 2024, 01:27 AM

in short, the difference between buy and sell price.

like money changer's profit between buy and sell lu. buy 4.78 , sell 4.82. thats spread. if buy and sell has big gap= big spread

Okay learned new thing today. Thank you

Go and buy those gold coins sold by Poh Kong/ Habib lahhh.

Beware, buying physical gold is highly addictive.

That is true


I buy physical gold even though I have a Maybank Islamic Gold Account.

Ini you lined up at BN to beli punya izzit??

I bought at Maybank Jalan Maarof.