Pearl of Wisdom

The knowledgeable man is superior to the (mere] worshipper by seventy degrees, the distance between two degrees spanning the gallop of a horse for seventy years; and this is because Satan plants an innovation amongst people which the knowledgeable man notices and prohibits, whilst the worshipper attends to his worship neither taking any noti.ce of.It nor recognising it.'

Prophet Muhammad al-Mustafa [sawa]
Ibid. no. 17

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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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