Darul Iftaa Mahmudiyyah

Is dealing in Forex permissible?

· 13 Jumada I 1439 AH1 min readFatwa 39438English

Question

I know its a bit long to read but looking at this detailed explanation of Forex on this website is this halal?

Answer

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

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

You may read the detailed explanation on the website in reference and summarise the procedure in your query to us.

We will advise accordingly.

And Allah Ta’āla Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student Darul Iftaa

Newcastle; KZN, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

____

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

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

You may read the detailed explanation on the website in reference and summarise the procedure in your query to us.

We will advise accordingly.

And Allah Ta’āla Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student Darul Iftaa

Newcastle; KZN, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Muhammed Al-Ameen Bin Moulana Ismail Akoo
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/39438
Fatawa SA: https://fatawa.co.za/fatwa/askimam-39438

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