Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Allah forbade the killing of human beings for the reason that creation would be corrupted were it to be permissible, and due to their annihilation and the chaos [that would ensue].'

Imam Ali ibn Musa al-Ridha [as]

Kitab man la yahdurahi al-Faqih, v. 3, p. 565, no. 4934

Latest Answers

Sexual Ethics & Morals

# 824 - looking for someone in edda mu

Salaat / Prayers

# 709 - Passing wind from the rear

Business / Investment

# 808 - Masjid or Imam Bargah

Sexual Ethics & Morals

# 807 - penetration during period

# 806 - Female masturbation

Divorce / Talaq

# 798 - Divorce

Miscellaneous

# 797 - Kiss

# 792 - hidden buried treasure

Interfaith Dialogue

# 781 - Jesus death

Fasting / Sawm / Roza

# 776 - Husbands permissn

Receive Qul Updates

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.