Pearl of Wisdom

If someone asks why He commanded the pilgrimage, it is answered: in order for people to perform the journey to [i.e. for] Allah, Mighty and Exalted, and ask for increase... in addition to the benefits it has of understanding religion and relating the reports of the Imams (AS) to every side and region.'

Imam Ali ibn Musa al-Ridha [as]
Uyun Akhbar al-Rida (AS), v. 2, p. 119, no. 1

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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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