Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

in answer to the reason behind the superiority of a believer's intention over his action, 'Because an action could be done as an act of showing-off, but the intention is solely and sincerely for the Lord of the worlds, so He Almighty gives according to the intention what he does not give for the action.'

Imam Ja'far ibn Muhammad al-Sadiq [as]

Ibid. no. 1

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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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