Is it Islamically permissible to participate in global stock exchange currency trading companies that guarantee a profit margin ranging from 7% to 12% on capital and a loss not exceeding 10%? And is there any usury (riba) in that?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the determination of 7% or 12% is from the anticipated profit, then it is permissible, and it is a Mudarabah (profit-sharing partnership). However, if this percentage is guaranteed from the capital itself, then it is impermissible and constitutes usury (riba). Specifying a percentage for loss is also impermissible because it implies guaranteeing a portion of the capital.
Summarized from the full answer at Ftawy · imported
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- 90417
- Imported
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