Darul Iftaa Mahmudiyyah

Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?

· 5 Rabiʻ I 1422 AH1 min readFatwa 3104English

Question

The question text was not published separately; the title stands in for it.

Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?

Answer

We are busy researching forex and are having discussions with their administration on the matter.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/3104
Fatawa SA: https://fatawa.co.za/fatwa/askimam-3104

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