Darul Ifta Ibn Masood

Is trading with Forex or Meta Trader using a broker permissible?

Published as Trading With Forex

· 26 Rabiʻ I 1447 AH1 min readEnglish

Question

Is trading with Forex or Meta Trader using a broker permissible?

Answer

Forex trading contains many aspects which go against the principles of Shariah inter alia gambling, interest, not taking possession of the currency. Hence, it will not be permissible to trade in such forms of trading.

References (Arabic / Urdu sources)

ولا بيع ما ليس مملوكا له وإن ملكه بعده إلا السلم (الفتاوى الهندية 3/3)

لَوْ بَاعَ الْفُلُوسَ بِالْفُلُوسِ ثُمَّ افْتَرَقَا قَبْلَ التَّقَابُضِ بَطَلَ الْبَيْعُ وَلَوْ قَبَضَ أَحَدُهُمَا وَلَمْ يَقْبِضْ الْآخَرُ أَوْ تَقَابَضَا ثُمَّ اُسْتُحِقَّ مَا فِي يَدِي أَحَدِهِمَا بَعْدَ الِافْتِرَاقِ فَالْعَقْدُ صَحِيحٌ عَلَى حَالِهِ كَذَا فِي الْحَاوِي الفتاوى الهندية (3/ 224)

لأن القمار من القمر الذي يزاد تارة وينقص أخرى وسمي القمار قمارا لأن كل واحد من القمارين ممن يجوز أن يذهب ماله إلى صاحبه ويجوز أن يستفيد مال صاحبه فيجوز الازدياد والنقصان في كل واحدة منهما فصار ذلك قمارا وهو حرام بالنص (البحر الرائق 8/554(

Answered by
Mufti Abdul Kader Fazlani
Checked & approved by
Mufti Yacoob Vally Saheb
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/trading-with-forex/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-39931

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