Forex

198435

Is online forex trading including the use of leverage considered permissible?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 month ago

Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.

You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.

Wassalam.

199960

Forex . Fiqh (Jurisprudence) . Mujtahid

Is forex trading considered forbidden or permissible according to the Fatwas of various mujtahids, particularly Agha Sistani and Agha Khamenei?

Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.

You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.

Wassalam.

200574

Forex . Gold . Investment . Ownership . Sunni-Shi'a . Fiqh (Jurisprudence)

Is Forex Spot and Gold CFD trading, with no physical ownership or delivery, allowed in Shia Fiqh such as through a non-Muslim broker like Exness?

Physical possession is must in selling according to Shariah. Forex Spot and CFD trading do not have possession so it is not a proper selling and buying according to Shariah, but it looks like commitment to buy or sell based on studying the market. Such commitment is permissible despite it is not a sale transaction in Shariah, nor gambling but just commitment to buy or sell under certain conditions after studying the market's movement.

Wassalam.

190857

Forex . Halal

Is spot forex trading considered permissible in Islam?

Yes it is permissible according to many Maraaji' of Taqleed and leading Ulamaa'.

'Wassalam.

190905

Forex . Interest

Is spot forex trading allowed since it does not involve interest and transactions are executed instantly without delay?

Spot trading is allowed according to many leading Islamic scholars.

Wassalam.

152323

Forex . Haram . Gambling . Stock

Shouldn't trading in forex and stocks be considered disallowed since gambling is forbidden?

Gambling is definitely not allowed but not all dealings in forex and stocks are gambling. Trading is allowed and gambling is not allowed.

Wassalam.

165029

Time . Loan . Forex

Should I repay my debt, that was obtained in rupees, based on today's exchange rate or based on the exchange rate at the time I borrowed, considering that I earn in dollars?

If the difference of currency value is high, then you need to be just and not harm those who lent you by giving them less than what they gave you.

'We need to deal with others like what we expect them to deal with us.

'Wassalam.

143633

Forex . Currency

Is online CFD trading of currencies (forex) allowed in Islam where you profit or loss by determining the direction of currency pair from price fluctuations due to real market factors and not by owning the currency pair?

Yes it is allowed to buy and sell currencies online or trade in currency pairs.

'Wassalam.

128481

Forex

Is forex trading permissible through an online broker?

It is permissible to be a broker in any transaction or dealing online as far as it does not include any Haraam business.

Wassalam.

110720

Forex

Is it allowed to use leverage service from a broker in forex trading?

Leverage service means increasing the volume of your purchase more than your real cash invested. It is allowed as use this service as far as the business deals are lawful.

Wassalam.

97851

Forex

Is it permissible to trade in forex futures?

If it is a real trading in lawful business and companies not dealing with Haraam, and does not involve any type of gambling, then it is allowed.

Wassalam.

68193

Forex

Is it allowed to buy dollars at a lower price and then sell at a higher price later when the exchange rate changes?

Buying and selling currencies is permissible as far as you do not harm the general public..

Wassalam.