What is the ruling on trading currencies, gold, oil, and commodities through websites that require a monetary deposit and only offer consultations?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We have previously clarified the rulings concerning the trading of currencies and gold, and the condition of instantaneous possession (qabd) at the time of the contract. These conditions are difficult to fulfill in electronic trading, hence it is not advisable to invest in such a manner. However, the basic principle regarding selling is permissibility, provided that the Sharia conditions are met.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/126232
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 126232
- Added here
- . 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.
- Read the full ruling
- Read the full answer on Ftawy