Pearl of Wisdom

'It is enough for a person ... endowed with intellect to be fair [to others] in spite of himself ... and [for a person] endowed with fairness to accept the truth when it becomes clear to him.'

Imam Ali ibn Abi Talib [as]
Kashf al-Ghamma, v. 3, p. 137-138

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.