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Forex Trading

Question date:   6th November 2006
From:   Abfar
Short URL:   http://qa.muftisays.com?2982
Notes:   No Notes
Question ID:   2982
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Is Forex Trading is allowed in Islam.
Forex Trading is Currency Trading on Internet where you trade on margin and leverage mechanism..

Answer

Ulamaa
Ulamaa ID 04

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

Website
Location: London

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.

--------------------------------------
Moulana Qamruz Zaman
London, UK

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