Back to search
The question

What is the ruling on trading foreign currencies online according to the conditions mentioned?

Share this answer

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

If currency trading operations involve the client borrowing from the bank, and then the bank performs buying and selling on behalf of the client, this is impermissible. This is because the bank stipulates to the client that their buying and selling must be done through the bank, enabling it to benefit from the commission. This makes the transaction forbidden due to the prohibition of "a loan and a sale" (سلف وبيع).

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
163899
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy