Pearl of Wisdom

'I came to Abu Ja'far [al-Baqir] (AS) and said to him, may I be your ransom! I am a man who wishes to go to Makkah but I have an overdue debt to a Murji'ite, so can you please advise me?' The Imam (AS) replied, 'Pay your debt and focus on meeting your Lord without any debt on your shoulders, for verily a believer does not betray [his trust].'

Abu Thumama
'Ilal al-Shara'i', p. 528, no. 7

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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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