Is Forex Trading Halal or Haram ?Answered By: Mufti Ikram ul Haq - Fatwa Center of AmericaQuestion:
بسم الله الرحمن الرحيم
In the Name of Allah, Most Gracious, Most Merciful.
الجواب حامداومصليا
Forex trade when it is done physically on the spot is Halal and permissible. Any profit earned from such trade is also permissible. Online forex exchange where people buy and sell different currencies online without actually acquiring physical possession is not allowed according to many scholars.
And Allah knows best.
Mufti Ikram ul Haq
Fatwa Center of America
No comments:
Post a Comment