Mufti Online — Madrasah Ta'leemuddeen

Is Forex Trading without margin halaal?

Published as Forex trading

· 5 Rajab 1440 AH1 min readEnglish

Question

Is Forex Trading without margin halaal? I mean, if I invest $500 and I trade from this $500 and don't take any loan, will it be permissible? How can I get physical possession on an online platform?

Answer

If the money is not coming into your account where you will be able to control it and spend it as you want then it will not be permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29010
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