What is the ruling on trading oil, metals, and currencies via the Internet and brokerage firms (Forex)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to trade in oil and minerals on the stock exchange if the speculator adheres to the controls. Its conditions differ from those for trading in gold, silver, and paper currencies, which require immediate exchange (qabḍ) and equivalence (tamāthul). As for trading through the Forex system, it contains many prohibitions, but the basic principle is the permissibility of buying and selling if these prohibitions can be avoided, especially concerning usurious items.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104382
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- Source platform
- Ftawy
- Original fatwa ID
- 104382
- 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