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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Dealing with the Forex system in currency speculation is forbidden due to the 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/114017
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 114017
- 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