Ask Qul - Business / Investment - Foreign currency trading

'Certainly Allah has divided faith into seven parts: goodness, honesty, conviction, contentedness, loyalty, knowledge and clemency.'

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

Ibid. p. 42, no. 1

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Ask Qul - QA

Question : #617

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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