What is the ruling on trading stocks and currencies solely through Forex companies, knowing that these companies are well-known and operate within what is permissible by Sharia, and the company does not lend against the deposited amount, and it offers an Islamic account, based on the terms and policies of IQ Option company?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Trading in shares or other assets is permissible if it meets the Shariah controls, both in terms of what is being traded and the method of trading. With the existence of what is called an Islamic account, it is necessary to ensure that these accounts adhere to Shariah controls.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/167840
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 167840
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy