Pearl of Wisdom

Ali b. Suwayd narrates, 'I wrote a letter to Abu al-Hasan Musa b. Ja'far (AS), when he was in captivity, in which I inquired about his health and about many other issues. He held back the Imam Masa b. Ja'far al-Kazim (AS) reply from me for months, then he replied in a letter, the text of which is as follows: 'In the name of Allah, the Beneficent, the Merciful ... Certainly you are a man who has been bestowed a special rank by Allah with the household of Muhammad and has guarded you among those who look after His religion ...'

Imam Musa ibn Jafar al-Kadhim [as]
Bihar al-Anwar, v. 78, p. 329, no. 7

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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.

If you require further clarification on this answer, please use the feature to respond to the stated answer.
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