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The question

Is leverage in foreign exchange trading, which does not alter the brokerage company's profit margin from the bid-ask spread and does not involve fees for overnight positions or for the leverage itself, considered among the loans that yield benefit?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

"Leverage is a loan from the brokerage firm to the client, conditioned on all transactions being conducted through the same firm. This arrangement brings benefit to the lender (the firm) due to the commission, which increases with the volume of transactions. Therefore, it is impermissible to engage in transactions using it."

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
181023
Imported
Translation status
Source text, unreviewed
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