How have you permitted speculation in the currency market (forex), while many other scholars have not permitted it for reasons that harm or do not benefit Islamic countries?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We have not issued a permitting speculation () in the currency market absolutely. Rather, we clarify the prohibitions and -compliant controls that must be present. If these controls are met and the prohibitions are absent, then it cannot be forbidden. The scholars who prohibited it perhaps intended a type where the controls are not met, and disagreement in such matters does not necessitate denunciation.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/146136
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- Ftawy
- Original fatwa ID
- 146136
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- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy