Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Those who restrain themselves from worldly pleasures are such that their hearts are weeping though outwardly they may laugh, they experience great sorrow though they display joy, and they are filled with self contempt though they rejoice at all that they have been bestowed.'

Imam Ali ibn Abi Talib [as]

Nahj al-Baldgha, Sermon 113

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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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