Ask Qul - Business / Investment - Permissible to work in Derivatives

Pearl of Wisdom

He upon whom are great bounties from Allah, people's needs from him increase accordingly. So, seek continuity in your bounties through bearing the expenses [of people], and do not let them cease, for it is seldom that one's bounties cease and return to him again.'

Imam Ja'far ibn Muhammad al-Sadiq [as]

al-Kafi, v. 4, p. 37, no. 1

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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.