Category: Business Matters
Fatwa#: 39438
Asked Country: United Kingdom

Answered Date: Jan 30,2018

Title: Is dealing in Forex permissible?

Question

Assalams,

I know its a bit long to read but looking at this detailed explanation of Forex on this website https://www.investopedia.com/university/forexmarket/forex1.asp is this halal?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may read the detailed explanation on the website in reference and summarise the procedure in your query to us.

We will advise accordingly.

And Allah Ta’āla Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student Darul Iftaa

Newcastle; KZN, South Africa 

Checked and Approved by,
Mufti Ebrahim Desai.

 

 

 

 

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may read the detailed explanation on the website in reference and summarise the procedure in your query to us.

We will advise accordingly.

And Allah Ta’āla Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student Darul Iftaa

Newcastle; KZN, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

 

 

 

 

 

 

 

 

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