The World Federation One Stop Fiqh
Search
Menu

Ask an Alim

Forex Trading

Q:

I want to know about forex trading, Buying and selling of currencies on the internet is Halal or Haram ? And please give reasons.

A:

Salaam Alaykum,

Your Question is quite general. However the office of Sayyid Sistani said that if it’s the normal way of buying foreign currency from someone and selling it to the other like normal transaction then it should be ok. 
If this isn’t the case then it needs further evaluation 
 
Kind regards, 
Naajiya.S.Jaffery