Is forex trading considered permissible if dealing with the brokerage firm involves no margin borrowing, no overnight fees, and profits are added or losses deducted instantly from the account, with the possibility of transferring profits to a bank account within two working days or more?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The aforementioned transaction with the brokerage firm is permissible. It involves depositing money into an account to buy and sell currencies without borrowing or taking interest. The regulations for currency exchange must be observed, especially the "spot exchange" (taqabud) in the contract session when currencies differ. This can be substituted by a bank entry, with a permissible delay of up to two working days for the amount to be credited, provided that the amount is not disposed of before it is credited. If the Shariah controls are met and the transaction is free from prohibitions, then there is no objection to it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/114917
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 114917
- 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