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What is the ruling on trading and investing on the website islamictradebanc? Are the profits that double in one minute permissible (halal)? Is investing in currencies permissible (halal)? Are investment and trading the same in meaning?

1 min readAlso available in العربية

We have not received any information regarding the aforementioned bank, and its website is inactive. Ruling on its transactions requires reviewing them, keeping in mind that the Central Bank of Bahrain denies the existence of this bank in Bahrain, and the rapid loss you mentioned raises suspicion about its dealings. There are many prohibited transactions in financial markets, such as margin trading and futures contracts. Currency trading is permissible if it adheres to Sharia restrictions, the most important of which is immediate exchange (spot transaction) in the contract session, and that a person trades with what they own, not with the margin provided by the bank. We advise caution against fictitious companies and urge understanding the nature and conditions of any transaction before entering into it.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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