Pearl of Wisdom

'Nothing increases lifespan except righteousness.'

Prophet Muhammad al-Mustafa [sawa]
Bihar al-Anwar, v. 77, p. 166, no. 3

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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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