🔍

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

Forex
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.