tradable commodity only for earning a profit is also against the basic philosophy of Islamic economics. Facebook, twitter email, print, answered by Shaykh Faraz. Due to lack of time available from the Ulamaa in the UK, we are unable to continue with this service. Moulana Qamruz Zaman, london, UK). The very condition that you cannot take delivery of the purchased currency makes it impermissible. I have attached a document detailing the aspects of the business. Forex trading is not permissible. The newsletter will inform you of updates gbp to usd exchange rate to this page, as well as provide other useful information. Morever, there are other elements according to my knowledge that makes this trade unlawful in Shariah, such as, forward sales, short sales etc.
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Question: I want to know about the forex trading is it permissible in islam? Wassalam, faraz, facebook, twitter email, print. To ask new questions, please consider the Q A support section on the forum where members can assist in locating available answers from Ulamaa. Forex Trading is Currency Trading on Internet where you trade on margin and leverage mechanism. is, forex, currency, trading halal? Answer, ulamaa ID 04, answer last updated on : 24th October 2012. I am of the opinion that these transactions are not compliant with Shariah. Answered by: Ulamaa ID 04, website, location: London, bismillah, al-jawab billahi at-taufeeq (the answer with Allah's guidance). Please see the Fatwaa of Mufti Taqi Uthmani (DB tml, and Only Allah Ta'ala Knows Best. In and of itself, currency exchange (sarf) is permissible, fedex international courier services address as long as certain conditions are met, such as the transaction be done hand-to-hand without delay. The section will however remain available as an archive of previously answered question.
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