THAHABI's model is designed around Shariah principles for gold ownership: real ownership, constructive possession, transparent execution, defined custody and redemption mechanics.
Every digital balance is backed by physical 24K gold held with an approved provider, with ownership records for the user.
Purchases follow gold-exchange (sarf) rules: counterpart matching and constructive possession before confirmation.
All fees — operational, redemption, delivery, making, VAT — are shown before confirmation.
Eligible balances can be redeemed as physical gold at approved weights — anchoring real ownership.
This section will be updated with Shariah Board members, the fatwa text, and the procedures document upon final approval.
The operating model is reviewed periodically by the Shariah Board, with regular compliance reports, balance reconciliation, and transparent disclosures to the user.
