Forex Trading

17 Dec 2018 · 10 Rabiʻ II 1440 AH1 min readFatwa 41567English

Question

Assalamu Alikum.

My Question is related to Forex Trading (Currency & Gold). I read all Fatwa from your Website regarding Forex and your Suggestion is given depend on the Brokers Policy.

Please Give Detail if any Brokers doing Forex Trading which Comply with Sharia Law?

I hope it will be answer for all Muslim forex Traders.

Jasakallahu Hairan.

Answer

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

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

We are not aware of any “Forex Broker” that provides Shariah compliant forex trading services. Moreover, we discourage online forex trading as it contravenes the Shariah precepts of trading.

And Allah Ta’āla Knows Best

Anas Sharieff Qasmi.

Student Darul Iftaa

Hyderabad, India.

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by: Anas Sharieff Qasmi
Checked & approved by: Mufti Ebrahim Desai

View original Compare with other Darul Iftas

Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/41567
Fatawa SA: https://fatawa.co.za/fatwa/askimam-41567

Same question, other Darul Iftas

The closest match from each Darul Ifta, found by wording. Check that the question matches yours.

Compare the answers side by side

Question

Answer

People also ask

Same question, other Darul Iftas

Related fatawa