Forex Trading
Question
Is forex trading halal or haram in islam?
Answer
For the validity of any sale, ownership and possession of the commodity is required. In the case of dealing in foreign currency online, generally, physical possession and delivery of the currency is not found. Hence, if physical possession and delivery is not found, it will not be permissible, and if it is found, it will be permissible.
For further details regarding Forex Trading, refer to: https://muftionline.co.za/node/3338
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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