Darul Iftaa Mahmudiyyah

Online Commodity Trading

· 22 Jumada I 1437 AH1 min readFatwa 34814English

Question

I was doing online trading of commodities and then i came to know that this trading is not as per sharia. But i have lost around 20k and if i do it again i may get my money back, Is it permissable to do that online trading again till i get only my money back?once i get money back i never do that again. Please answer.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu

Online commodity trading is impermissible. It is also impermissible to recover any funds lost via such trading. Make Tawbah and repentance for committing such a sin and make a firm intention to refrain from impermissible business and trading activities.

And Allah Ta’āla Knows Best

Ismail Desai,

Darul Iftaa

Checked and Approved,

Mufti Ebrahim Desai.

Answered by
Ismail Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/34814
Fatawa SA: https://fatawa.co.za/fatwa/askimam-34814

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