Pearl of Wisdom

'The miserly hoarder gathers for those who will not thank him, and will come to Him who will not excuse him.'

Imam Ali ibn Abi Talib [as]
Ibid. no. 1842

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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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