What Are the Rules for Currency Exchange in Islam?
Answered by Shaykh Yusuf Badat Question: Is forex trading permissible? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. If by forex you refer to the exchange of currencies then this is permissible with two primary foundational conditions: Taking possession of…