Source: http://qa.muftisays.com/?2982
Question ID: #2982
 
Question: Forex Trading
Is Forex Trading is allowed in Islam.
Forex Trading is Currency Trading on Internet where you trade on margin and leverage mechanism..
 
 
Answered by: Ulamaa ID 04 (London)
Date: 24/10/2012 12:29pm

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


Forex trading is not permissible. Please see the Fatwaa of Mufti Taqi Uthmani (DB): http://www.albalagh.net/qa/Forex_currency_trading.shtml


And Only Allah Ta'ala Knows Best.
Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com