What is the ruling on speculation in the stock market by buying and selling currencies with the possibility of profit or loss, and what is the ruling on another person carrying out the speculation in exchange for a fixed amount for each transaction?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If speculation in the stock market, meaning the buying and selling of currencies, adheres to guidelines, then it is permissible. The possibility of profit or loss does not affect the ruling, as this is the nature of such transactions. The buying and selling process can either be undertaken by the owner of the capital himself, or he can appoint another person. In the latter case, this can be either for a shared, unspecified percentage of the profit ( in its jurisprudential sense), or for a specific, predetermined amount (), and both are permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 35237
- 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