Pearl of Wisdom

in his will to his son after he had been struck by Ibn Muljam, 'Know that Mu'awiya will oppose you just as he opposed me, and in conciliating and making peace with him, you will be following in the footsteps of your grandfather (AS) when he conciliated with the Bani Qamra and the Bani Ashja' tribes ... and if instead you wish to fight your enemy, know that you will not find any from among your followers who will be loyal to you anymore than those loyal to your father.'

Imam Ali ibn Abi Talib [as]
Nahjal-Sa'dda, v. 2, p. 742

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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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