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The question

What is the ruling on participating in a company, affiliated with a British bank, that buys and sells currencies on the global online exchange, whether the participant does so himself or it is done automatically by the company's software?

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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 circulating system. However, trading in currencies is more severe than other forms of trade and is fraught with Shar'i prohibitions. If the Shar'i controls are met, there is no objection to practicing it through international stock exchanges, provided that the Shar'i controls are confirmed to be present and the prohibitions are absent.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
118954
Imported
Translation status
Source text, unreviewed
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