Pearl of Wisdom

'I visited Abu al-Hasan al-Rida (AS) when he was in Makkah. I saw him peel a banana and feed it to Abu Ja'far. I asked him, may I be your ransom, is this the blessed newborn?' He said, 'Yes, O Yahya! This is the newborn the like of whom there is none other born into Islam and upon our shi'a, more blessed than him.'

Yahya al-Sanani
al-Kafi, v. 6, p. 360, no. 3

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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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