Mufti Online — Madrasah Ta'leemuddeen

Forex trading

· 10 Rabiʻ II 1446 AH1 min readEnglish

Question

Is forex trading permissible?

Answer

Online forex trading where delivery and possession of the currencies do not take place is not permissible. For the validity of any sale, ownership and possession of the commodity is required.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/35171
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