Ruling on buying gold from an online store
How to buy gold from the store:
For the sale of gold 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 company arrives to collect the item, the shipping company will take possession on your behalf.
3- You will then be contacted to confirm the condition of immediate exchange, God willing, and the amount transferred will be considered a "sale" upon the shipping company's receipt of the item.
The fatwa is by Sheikh A. Saad bin Turki Al-Khathlan
Former member of the Council of Senior Scholars
A detailed fatwa by Sheikh Abdullah bin Sulaiman Al-Manea, member of the Council of Senior Scholars