Pearl of Wisdom

Verily Allah made it obligatory on the rich in their wealth a proportion to what would also suffice the poor from among them, so if they go hungry or are naked or exhausted, it is only because of the rich people's deprivation of them. And Allah has a right to take them to account for it on the Day of Resurrection and to punish them for it.'

Imam Ali ibn Abi Talib [as]
Kanz al-'Ummal, no. 16840

Latest Answers

Receive Qul Updates

Name:
Email:



Ask Qul - QA
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.

If you require further clarification on this answer, please use the feature to respond to the stated answer.
Copyright © 2025 Qul. All Rights Reserved.
Developed by B19 Design.