Pearl of Wisdom

'Allah has Punishments of the hearts and of the bodies: a difficult livelihood, weakness in worship, and the harshest punishment a servant is stricken with is hardness of the heart.'

Imam Muhammad ibn Ali al-Baqir [as]
Ibid. p. 296

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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?

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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