Is it permissible to trade in Forex through an Islamic account without margin, relying solely on the original capital and maintaining a fixed spread between the buying and selling prices?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The forex system includes several -related prohibitions, such as overnight fees, the margin system, combining a loan with brokerage, the lack of immediate exchange between currencies, and selling what one does not own. If you avoid the margin and ensure your transactions are free from the aforementioned prohibitions, then it is permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/137496
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 137496
- 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