What is the ruling on someone who entered into forex trading, stipulating to the funders that they would receive 30% of the capital monthly in exchange for bearing half the loss, then lost everything? Is the money unlawful (haram), is he compelled to repay the amount, and how does he repent to Allah?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The transaction mentioned is a void (partnership) because you took money to invest it with a guaranteed fixed percentage of profit or half of their funds in case of loss. If the Mudarabah is void, then all profit belongs to the capital owner, and all loss is borne by them, while the Mudarib (investor) is entitled to a wage similar to their effort. Therefore, you are not responsible for guaranteeing the loss as long as it was not due to negligence or transgression on your part. You must seek forgiveness for these transactions. It should also be noted that Mudarabah through the Forex system involves prohibitions.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/194255
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- Ftawy
- Original fatwa ID
- 194255
- Added here
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy