Pearl of Wisdom

'The archangel Gabriel continuously advises me about standing for prayer in the night such that I really thought the good people in my community will never sleep.'A

Prophet Muhammad al-Mustafa [sawa]
Kanz al-'Ummal, no. 21425

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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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