Pearl of Wisdom

'He who allows himself to be imprisoned without sustaining severe wounds should not be ransomed by the treasury, rather his family may choose to pay his ransom from his own money.'

Imam Ali ibn Abi Talib [as]
al-Kafi, v. 5, p. 34, no. 3

Latest Answers

Receive Qul Updates

Name:
Email:



Ask Qul - QA
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.

Copyright © 2017 Qul. All Rights Reserved.
Developed by B19 Design.