How have you permitted speculation in the currency market (forex), while many other scholars have not permitted it for reasons that harm or do not benefit Islamic countries?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
We have not issued a fatwa permitting speculation (mudarabah) in the currency market absolutely. Rather, we clarify the prohibitions and Sharia-compliant controls that must be present. If these controls are met and the prohibitions are absent, then it cannot be forbidden. The scholars who prohibited it perhaps intended a type where the controls are not met, and disagreement in such matters does not necessitate denunciation.
Summarized from the full answer at Ftawy · imported
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