The ruling on buying gold from an online store

SBKSA operates on a clear and principled foundation that ensures transparency and full Sharia compliance in all gold bar sales.

Given the sensitivity of dealing with gold and its specific religious rulings, SBKSA has built a business model that balances both Sharia guidelines and practical procedures, ensuring a proper and transparent purchase process from the moment of ordering until the bar is received.

Sharia compliance in gold transactions

SBKSA adheres to the regulations enforced in the Kingdom of Saudi Arabia and relies on reputable religious rulings related to gold trading, most notably the fatwa of Sheikh Dr. Saad Al-Khathlan regarding the mechanism of “immediate possession”.

This compliance is not an optional element; it is a core part of our operational structure and is observed in every transaction to ensure the validity and clarity of the sale.

How SBKSA fulfills the requirement of “immediate possession”

The purchasing process at SBKSA is designed to fully meet the Sharia condition of possession through the following steps:

1. Payment held in trust
2. Once the order is placed, the amount paid is held by SBKSA as a trust, not as the actual sale price at this stage.
3. Authorization to take possession
4. By completing the order, the customer authorizes the shipping company to act as their agent in receiving the gold bar from SBKSA.
5. Sale completion (possession realized)
6. The sale becomes binding and final once the ship
7. ping company receives the gold bar from SBKSA on behalf of the customer.
8. At this moment, possession is achieved according to Sharia, and the trusted amount is converted into the actual sale price.

This mechanism ensures that the sale is valid and gives the customer the option to withdraw before the sale is finalized, meaning before the shipping company receives the bar.

Summary of the Sharia process

Before shipping: Amount is held in trust

After the bar is handed to the shipping company: Amount becomes the sale price

Before shipping: Customer may cancel and receive a refund

After shipping: The sale becomes binding and complete