Ask Qul - Business / Investment - Foreign currency trading

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.

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