Back to search
The question

What is the ruling on buying and selling international currencies? What is the ruling on trading in international stock markets through a financial intermediary using the margin system, and what are the rules governing that? Is it permissible to buy and sell shares of foreign industrial companies that engage in lending and borrowing with interest?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the transactions involve dealing with usurious banks, or a breach of currency exchange regulations, or (excessive uncertainty) and jahalah (ignorance), or Riba (usury), or aiding in it, or other violations, then they are unlawful (). However, if they are free from these matters, then they are permissible ( جائزة).

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
48663
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