Is trading currencies and commodities, without borrowing from the broker, through an Islamic account with a brokerage firm (such as UFX Bank) permissible in Islamic law?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the brokerage firm adheres to the regulations in its dealings, and the interaction with it is limited to what has been mentioned, then there is no objection to dealing with it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/120287
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 120287
- 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