What is the ruling on online trading in currencies with a margin system, where the company charges a commission on buying and selling, and an amount is held in exchange for providing a larger amount for purchase, with profit or loss calculated instantaneously?
This transaction is not valid due to the absence of the condition of immediate mutual possession, which is necessary for the permissibility of currency exchange (sarf).
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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