Ask Qul - Business / Investment - Foreign currency trading

Pearl of Wisdom

my father used to say, 'Ali b. al-.Husayn , when he stood up to pray, was like a tree trunk, with no part of him moving except whatever the wind caused to move.?

Imam Ja'far ibn Muhammad al-Sadiq [as]

al-Kafi, v. 3, p. 300, no. 4

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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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