What is the ruling on opening an investment portfolio in Islamic Forex, where the company undertakes the trading itself in exchange for a percentage of the profits, with no commission on trading or overnight fees?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the contract between the inquirer and the company is a (profit-sharing) contract, and the company will operate with the inquirer’s funds without any loan from the company, and the company’s benefit will be a pre-agreed percentage of the profit, and the company adheres to Islamic regulations in trading currencies online, then there is no harm in that.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/184822
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 184822
- 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