Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

'Allah Almighty said, 'By My Might and Exaltedness...no sooner does a servant prefer My desire over his own desire than I protect him with My angels, and charge the heavens and the earth with his sustenance. I will be for him behind every transaction of every trader, and the world will only come to him forcefully.'

Prophet Muhammad al-Mustafa [sawa]

al-Kafi, v. 2, p. 335, no. 2

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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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