Ask Qul - Business / Investment - Foreign currency trading

'A dirham earned by usury is worse in the sight of Allah than Usury seventy counts of incest in the Holy Sanctuary of Allah.'

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

Kitab man la yahdurahi al-Faqih, v. 4, p. 367, no. 5762

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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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