Ruling on buying gold from an online store
For a gold sale to be valid according to Islamic law, the exchange must be immediate, hand to hand. To fulfill this condition of immediate exchange, the following conditions must be met:
1- When you pay or transfer the price of the item to our account, it will be held in trust .
2- When the shipping and delivery company delivers the item to you, the shipping company will collect on your behalf.
3- Thus, the condition of exchange is fulfilled, God willing, as the required amount is what was transferred as a " sale " when the shipping company receives the item.
See the fatwa of Sheikh A. Saad bin Turki Al-Khathlan - former member of the Council of Senior Scholars.
*Fatwa by His Eminence Sheikh Dr. Abdullah Al-Mutlaq, Member of the Council of Senior Scholars, regarding payment by installments*
