Back to search
The question

What is the ruling on trading in Forex with private funds, without financing or overnight fees, with the value of the transaction being reserved from the account and recorded in the chosen account currency, and the buying and selling operations being completed and immediately posted on the platform?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

In summary, it is permissible to engage in such transactions, provided that one avoids leveraged trading and overnight fees, and that the exchange of possession occurs constructively (hukman) when purchasing currencies and items that require immediate possession, such as gold and silver. Among the forms of constructive possession that are considered valid by and custom is the banking entry of a sum of money into the customer's account, whether deposited directly or via a bank transfer. If these conditions are met, then there is no objection to the transaction.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
177312
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy