Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Allah has Punishments of the hearts and of the bodies: a difficult livelihood, weakness in worship, and the harshest punishment a servant is stricken with is hardness of the heart.'

Imam Muhammad ibn Ali al-Baqir [as]

Ibid. p. 296

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Question : #617

Category: Business / Investment

Subject:	Foreign currency trading
Question:	Salam alaikom Brother can you please indicate according to the Islamic law, is trading in foreign currency (buying and selling) permitted? Thanks
Answer:	Buying and selling foreign currency, at market price and for more or for less, is in order. There is also no difference whether selling or buying is done instantly [on the spot] or in the future.

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