What is the ruling on trading stocks and deals online, such as transferring money to a foreign bank and trading gold, with the possibility of profit or losing the entire capital?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to invest money in lawful ventures, while being diligent in seeking what is permissible and wary of what is forbidden, and not to be swayed by greed and the pursuit of quick wealth by falling into prohibited acts. The Prophet, peace and blessings be upon him, warned against consuming unlawful earnings and explained that a soul will not die until it has received its full provision, urging piety towards Allah and moderation in seeking sustenance. There are শরী’আ () guidelines for investing in gold and warnings against trading in the stock market, and what is known as binary options is forbidden.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192299
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- Ftawy
- Original fatwa ID
- 192299
- 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