Mufti Online — Madrasah Ta'leemuddeen

Trading in on-line currencies

· 19 Rabiʻ II 1435 AH1 min readEnglish

Question

Is it permissible to trade currencies online. Funds are deposited into an account and the funds are then used to buy or sell currencies. Once the
currency fluctuates, you do the same.

Answer

We do not know how this operates.

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/5734
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-5734

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