Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Verily Allah, Blessed and most High, says, 'He who insults a friend of Mine has indeed set himself up to fight Me, and I am the fastest to come to the aid of My friends.? Rather We hurl the truth against falsehood, and it crushes its head, and behold, falsehood vanishes! And woe to you for what you allege [about Allah).?

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

Qur'an 21:18

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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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