Forex

198435

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

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.

200574

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

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

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 year ago

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

'Wassalam.

190905

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 year ago

Spot trading is allowed according to many leading Islamic scholars.

Wassalam.

152323

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 year ago

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

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 2 years ago

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

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 2 years ago

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

'Wassalam.

128481

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 3 years ago

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

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 4 years ago

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

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 4 years ago

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

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 5 years ago

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

Wassalam.