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The question

What is the ruling on trading currencies, gold, oil, and commodities through websites that require a monetary deposit and only offer consultations?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

We have previously clarified the Sharia rulings concerning the trading of currencies and gold, and the condition of instantaneous possession (qabd) at the time of the contract. These conditions are difficult to fulfill in electronic trading, hence it is not advisable to invest in such a manner. However, the basic principle regarding selling is permissibility, provided that the Sharia conditions are met.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
126232
Imported
Translation status
Source text, unreviewed
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