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The question

What is the ruling on working for a trading platform like "Olymp Trade" that deals in currencies and metals, and is it permissible to appoint someone with money in exchange for a percentage of the profit?

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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 no knowledge of the true nature of the transactions of the aforementioned company. However, it is probable that the transactions of such companies involve violations that render them invalid and prohibited, including financial leverage (margin trading) and contracts for differences or options. The Islamic Fiqh Academy has issued a ruling prohibiting them. As for giving money to someone who invests it for a known percentage of the profit, this is permissible and is called .

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
180150
Imported
Translation status
Source text, unreviewed
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