Physical metals network
Reliable, auditable transaction liquidity supported by Ambro’s physical metals network.
Ambro Limited
Physical metals. Technology-led execution. Sharia-compliant transaction support.
Ambro Limited combines a global physical metals network with technology-led execution to support Sharia-compliant commodity transactions for financial institutions.
We provide access to reliable, auditable transaction liquidity, flexible execution pathways, and independent Sharia governance oversight.
A transaction model built on three foundations
Ambro brings together physical metal liquidity, technology-enabled execution and independent Sharia governance.
Technology-enabled execution
Flexible transaction channels designed to support institutional workflows.
Sharia governance
Independent Sharia oversight supporting compliant commodity transaction structures.
Who we are
Established market experience
Founded in 1997, Ambro has continuously served the physical metals and Islamic finance-related transaction markets for nearly three decades.
Ambro’s founders remain actively engaged in the business, bringing deep experience across physical metals trading, financing, brokerage, trade operations and structured commodity transactions.
That continuity underpins Ambro’s approach: established market practice, practical transaction experience and technology-enabled execution working together.
Ambro is a Category 5 member of the London Metal Exchange.
Steven Spencer — Founder and Director
Metals trading and arbitration specialist and Member of the London Metal Exchange Arbitration Panel, with experience across physical metals distribution, financing and Islamic commodity murabaha structures.
Metals trading and arbitration specialist and Member of the London Metal Exchange Arbitration Panel, with experience across physical metals distribution, financing and Islamic commodity murabaha structures.
Jacqueline Spangler — Founder and Director
Commodities and trading specialist with experience across metals and softs brokerage operations, trade finance and trading support.
Commodities and trading specialist with experience across metals and softs brokerage operations, trade finance and trading support.
What we do
Supporting Islamic finance through physical commodity execution
Ambro supports physical metals transactions that may be used in connection with Sharia-compliant financings, deposits and other compliant products.
Transactions are structured around identifiable physical metal, legal title transfer and established market conventions for delivery, custody, pricing reference and risk mitigation.
1. Institutional workflow
A financial institution initiates a transaction requirement.
A financial institution initiates a transaction requirement.
2. Ambro execution layer
Ambro supports the transaction through physical metals and technology-enabled processes.
Ambro supports the transaction through physical metals and technology-enabled processes.
3. Records and outputs
The transaction produces relevant confirmations, inventory information and records.
The transaction produces relevant confirmations, inventory information and records.
Islamic finance
Built around identifiable physical assets
Ambro’s model supports purchase and sale-back transaction flows using physical metals, including base metals and PGMs.
The model supports daily metals title transfer under standing arrangements and can provide holding certificates and on-demand line-item metal inventories.
Core transaction features
- Physical metals transaction execution
- Identifiable metal inventory
- Legal title transfer
- Holding certificates
- Line-item inventory records
ICON Platform
Physical metals transaction execution
ICON 1.0 is a web-hosted platform supporting the execution of physical metal purchase and sale transactions. The platform provides clients with access to physical inventory, inventory allocation, transaction processing and supporting documentation through a controlled digital environment.
Physical Inventory Access
Clients access the platform to purchase physical metal inventory through a structured and transparent transaction process.
Identifiable Asset Management
Inventory is identified and allocated to each purchase, with transaction confirmations and supporting documentation issued electronically for every transaction.
Purchase & Sale Execution
The platform facilitates both the acquisition and sale of physical inventory by providing access to market buyers when clients choose to exit positions.
Going Forward: ICON 2.0
API-First Transaction Processing Platform
Building on the capabilities of ICON 1.0, ICON 2.0 is being developed as an API-first platform supporting multiple transaction channels, including straight-through processing of physical metal transactions.
The platform will maintain a common inventory framework based on identifiable physical assets while providing transparent inventory allocation, transaction reporting and Sharia-compliant oversight.
Operational outputs
Transaction records and reporting outputs
Ambro’s platform supports transaction logs, inventory allocations, audit records and time stamps. Outputs may include confirmation emails, documentation and/or web portal delivery.
Transaction logs
Records to support transaction review and reconciliation.
Inventory allocations
Line-item inventory information linked to transaction activity.
Audit records
Transaction records designed to support review and oversight.
Time stamps
Time-based records supporting operational traceability.
Institutional capability grounded in physical execution
Ambro brings together physical metals infrastructure, technology-enabled execution and Sharia governance to support financial institutions in commodity-based Islamic finance transactions.
Contact
Get in touch
For enquiries regarding Ambro, physical metals transactions, Islamic finance solutions or the ICON platform, please contact us by email.
Email: contact@ambrometal.co.uk