Mufti Online — Madrasah Ta'leemuddeen

Is forex trading halal or haram in islam?

Published as Forex Trading

· 21 Muharram 1446 AH1 min readEnglish

Question

Is forex trading halal or haram in islam?

Answer

For the validity of any sale, ownership and possession of the commodity is required. In the case of dealing in foreign currency online, generally, physical possession and delivery of the currency is not found. Hence, if physical possession and delivery is not found, it will not be permissible, and if it is found, it will be permissible.

For further details regarding Forex Trading, refer to: https://muftionline.co.za/node/3338

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/34941
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-34941

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