Ask Qul - Business / Investment - Permissible to work in Derivatives

Pearl of Wisdom

regarding the reason for ablution, said, 'So that the servant is pure when he stands before the Mighty One when engaged in supplication to Him, being obedient to Him through what he has commanded him, purified of filths and impurities, and also because it does away with laziness and repels drowsiness, Ablution and purifies the heart for standing before the Mighty One.?

Imam Ali ibn Musa al-Ridha [as]

Ibid. p. 257, no. 9

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Question : #270

Category: Business / Investment

Subject:	Permissible to work in Derivatives
Question:	Is it Permissible to work in Derivatives?
Answer:	Derivatives can involve selling what you do not own at all, which is not allowed in Islam. If you sell with a promise to deliver after some time, then it is allowed.

Follow Up Question:	Salam brother In regards to the previous related question, is it allowed for us to sell or known as (going short) foreign currency? Thanks
Follow Up Response Question:	Buying and selling foreign currency, at market price and for more or for less, is in order meaning its permissible.

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