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The question

What is the ruling on trading currencies and stocks online if purchase operations are financed by a credit card from an Islamic bank?

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

Trading in currencies and stocks is permissible if it adheres to controls, provided that the company's shares are permissible to deal with, and are limited to lawful matters, and do not involve prohibited contracts. As for financing purchases with a credit card issued by an Islamic bank, its permissibility is conditioned upon it being free from Sharia prohibitions, such as signing a usurious contract, or actually falling into usury, or taking a percentage on the withdrawn amount. If the card is free from these prohibitions, it is permissible to use it to buy shares, but it is not permissible to buy gold, silver, and currencies with an uncovered card.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
97017
Imported
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Source text, unreviewed
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