Oud Index is the world's first standardized agarwood price reference and reverse auction marketplace. By accessing Oud Index — as a buyer, trader, institution, or visitor — you accept these Terms in full.

The Oud Index Reverse Auction operates on an inverse bidding model: buyers post purchase requests with a maximum budget — verified traders compete by submitting progressively lower prices. The buyer selects the most competitive offer.

All traders must sign the Anti-Circumvention Agreement before submitting any bid. Direct contact with buyers discovered through Oud Index is prohibited outside the platform for 24 months from first contact.

Oud Index price data may be used as a benchmark for oud valuation, insurance, estate, and institutional procurement. Institutional use in official documents requires a signed licensing agreement. Prices update weekly based on verified transactions.

Traders must accurately declare origin, grade, and characteristics of all listed oud — including Hindi Amfal, Ceylani, Cambodian, and Kyara. Misrepresentation constitutes fraud and results in immediate de-listing and legal action.

Disputes are first submitted to the Oud Index mediation panel. If unresolved within 14 days, they are referred to the competent commercial court in the Kingdom of Saudi Arabia.