Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Allah Almighty revealed unto Prophet David (AS) saying, 'I put richness in contentment, whilst they seek it [richness] in abundance of wealth but do not find it.'

Prophet David [as]

'Uddat al-Dd'i, p. 166. Bihar al-Anwar, v. 78, p. 453, no. 21

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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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