Is it permissible to trade in foreign currencies (Forex) for profit?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Currency trading is permissible on the condition of taking possession in the session of the contract. If the currencies differ (e.g., euros for dollars), their sale is permissible on the condition of immediate receipt and delivery in the session of the contract. However, if the currencies are the same (e.g., dollars for dollars), there must be equality and taking possession in the session of the contract, based on the Prophet's (peace be upon him) saying: "Gold for gold, and silver for silver… like for like, equal for equal, hand to hand. But if these types differ, then sell as you wish, if it is hand to hand."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18271
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18271
- 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