What is the ruling on investing money in buying and selling foreign currencies online (such as Forex), by depositing a margin that allows for the purchase of large quantities of currencies, knowing that the company takes a flat fee for each transaction, and if the profits resulting from this are impermissible, should they only be distributed to charitable causes, or is expiation also required?
Dealing with the Forex system in currency speculation is forbidden due to the Sharia violations it entails. If someone has dealt with this system knowing its prohibition and wishes to repent, they must spend their profits on charitable causes and for the benefit of Muslims. No specific expiation is required for this dealing, unless they voluntarily perform a good deed or give charity.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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