Is the bonus granted by the forex company to the client, which can only be withdrawn after a certain number of trades, considered a loan that draws a benefit, and therefore, is this transaction permissible (halal)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deal according to the bonus because it is a loan with a promise of ownership, and the participant remains a guarantor of the bonus, which is reclaimed from him if the transactions are not completed. The company benefits from the commissions. This is a forbidden trick to engage in usury (riba) that must be avoided.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/151331
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 151331
- 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