Pearl of Wisdom

'Solomon (AS) would feed his guests meat in white flour, and his family brown bread with bran, and he himself would eat unsifted barley.'

Imam Ja'far ibn Muhammad al-Sadiq [as]
al-Da'awat, p. 142, no. 363

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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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