Pearl of Wisdom

'Abu al-Hasan Musa b. Ja'far [al-Kazim] (AS) appointed his son ?Ali (AS) as the executor of his will , and wrote this in a letter to him which sixty of Madina's renowned men bore witness to.'

Abd al-Rahman al-Hajjaj
Bihar al-Anwar, v. 49, p. 17, no. 15

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Question : #270 Category: Business / Investment
Subject: Permissible to work in Derivatives
Question: Is it Permissible to work in Derivatives?
Answer: Derivatives can involve selling what you do not own at all, which is not allowed in Islam.
If you sell with a promise to deliver after some time, then it is allowed.
Follow Up
Question:
Salam brother
In regards to the previous related question, is it allowed
for us to sell or known as (going short) foreign currency?

Thanks
Follow Up Response
Question:
Buying and selling foreign currency, at market price and for more or for less, is in order meaning its permissible.

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