Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

to a man who came to him complaining about his servants, 'Pardon their faults and through it their hearts will improve.' So he (SAWA) replied, ?O Prophet of Allah, verily they vary in their bad behaviour', so he replied, 'Pardon them', so he did.'

Prophet Muhammad al-Mustafa [sawa]

Mustadrak al-Wasa'il, v. 9, p. 7, no. 10041

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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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