Darul Iftaa Mahmudiyyah

Vantage fx

· 20 Muharram 1439 AH1 min readFatwa 38730English

Question

Ive come across a forex trading website called Vantage fx, who provide an islmaic trading service. It mentions that mufti Ebrahim Desai has given the approval/certification of the islamic forex trading accounts. Can you please clarify that this is an authentic statement.

Your earliest reply would be most appreciated

Answer

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

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Hazrat Mufti Ebrahim Desai Saheb D.B has not approved of any Forex Trading Website.

If this is the website, you are referring to then we do not see any mention of Hazrat Mufti Ebrahim Sahebs D.B name.

And Allah Ta’āla Knows Best

Huzaifah Deedat

Student Darul Iftaa
Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Huzaifah Deedat
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/38730
Fatawa SA: https://fatawa.co.za/fatwa/askimam-38730

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