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Forex Trading

Last updated: 6th November 2006
Question ID: #2982
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6th November 2006

Is Forex Trading is allowed in Islam.
Forex Trading is Currency Trading on Internet where you trade on margin and leverage mechanism..

Ulamaa ID 04
Answer last updated on:
24th October 2012
Answered by:
Ulamaa ID 04
Location: London

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):

And Only Allah Ta'ala Knows Best.