Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Every newborn is born upon the origination lfitra) of Allah, meaning [born] with inner knowledge that affirms that Allah is his Creator and this is the meaning of His words, ''If you ask them, 'Who created the heavens and the earth? They will surely say, 'Allah'.?,

Prophet Muhammad al-Mustafa [sawa]

Al-Tawhid, p. 331, no. 9

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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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