Is it permissible, from an Islamic perspective, to trade currencies online (Forex) using a new product that avoids the aforementioned Sharia prohibitions, such as margin trading, selling what one does not own, overnight fees (interest on holding positions), and combining sales and loans, by relying on the client trading with their own money only without leverage, and with the guarantee of constructive possession (Qabd Hukmi)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to trade Forex if the Sharia prohibitions are avoided and the Sharia controls for currency exchange are observed, as the prohibition of Forex trading is not inherent to it, but rather due to the prohibitions it entails.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/146532
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- 146532
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