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Forex Trading

Last updated: 6th November 2006
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..


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

London, UK