Ask Qul - Business / Investment - Foreign currency trading

'The one who gives excessive charity is as the one who withholds it.'

Prophet Muhammad al-Mustafa [sawa]

Kanz al-'Ummal, no. 16246

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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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