['Aalim Network QR] Profits from Currency Trade

[Mustafa Rawji <mrawji@sciborg.uwaterloo.ca>]

________________________________________________________________________
|                          w           w     w                          |\
|                           ||          ||   | ||                       |\
|                    o_,_7 _||  . _o_7 _|| 4_|_||  o_w_,                |\
|                   ( :   /    (_)    /           (   .                 |\
|                                                                       |\
|           ||  ||         |  ||   |T              |     | ||    |      |\
|   . _, _8 |_D_|| . _,_,_,_D_|| 4_|| q ]_o_7_o   _|_c 4_|_||   _|,_p q |\
|  (_): /         (_): . :            /        (_S           (_S      / |\
|                                                                       |\
|       In the Name of Allah, the Compassionate, the All-Merciful       |\
|  Greeting of Allah be upon Muhammad and the pure members of his House |\
|_______________________________________________________________________|\

Salamun alaykum,
	
	The reply to the following question was kindly provided by Shaykh
Mustafa Jaffer.

Wasalaam,

Mustafa Rawji
Moderator, 'Aalim Network
------------------------------------------------------------------------

QUESTION:

Would it be acceptable for me to use the profits I gain from investments I
make in the currency market to fund masjids or Muslim organizations? For
example, the Malaysian ringgit fell to M$4.80 ringgit per dollar but
eventually rose to M$3.80 ringgit per US dollar. Would it be permissable
for me to have made my money by buying the ringgit at M$4.80 and then
re-selling it at M$3.80 ringgit? Keep in mind that I will use the profits
to help a local organization.

ANSWER:

This is allowed as long as there is no direct disadvantage to Muslims
living in Malaysia.

With Salaams and Duas

Mustafa