Ask Qul - Business / Investment - Permissible to work in Derivatives

Ask Qul - QA

Question : #270

Subject:	Permissible to work in Derivatives
Question:	Is it Permissible to work in Derivatives?
Answer:	Derivatives can involve selling what you do not own at all, which is not allowed in Islam. If you sell with a promise to deliver after some time, then it is allowed.

Follow Up Question:	Salam brother In regards to the previous related question, is it allowed for us to sell or known as (going short) foreign currency? Thanks
Follow Up Response Question:	Buying and selling foreign currency, at market price and for more or for less, is in order meaning its permissible.