Is the proposed method for trading forex and stocks – by avoiding leverage, overnight fees (fawa'id al-tabyit), selling what one does not own, and avoiding metals and commodities in forex – Islamically permissible, and are there any other prohibitions?
There is no objection to the aforementioned transaction if the cash transfer is delayed for the customary periods, provided that the beneficiary does not dispose of the currency during the excusable period, except after actual receipt is possible.
There is no objection to buying and trading shares of international companies if the company's activity is permissible, and provided that the company does not deposit shareholders' funds in usurious banks.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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