Pearl of Wisdom

'Allah, most High, has receptacles on the earth, and verily they are the hearts. The most beloved of hearts to Allah are the softest ones, the purest ones, and the firmest ones: those that are the softest to their brothers, those that are the most pure from sins, and those that are the firmest in the path of Allah.'

Prophet Muhammad al-Mustafa [sawa]
Kanz al-'Ummal, no. 1225

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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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