Pearl of Wisdom

'The believer has seven rights incumbent upon his fellow believer which are made obligatory by Allah, Mighty and Hoarding Exalted, and about which Allah will ask him what he did: to esteem him highly in his eyes, to entertain love for him in his heart, to assist him financially from his own wealth, to love for him what he loves for himself, to prohibit [others] from backbiting him, to visit him in his sickness, to attend his funeral procession, and to not say anything but good about him after his death.'

Imam Ja'far ibn Muhammad al-Sadiq [as]
al-Khisal, p. 351, no. 27

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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.

If you require further clarification on this answer, please use the feature to respond to the stated answer.
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