Question Summary:
Is it permissible to trade in the FOREX market?

Question Detail:

Assalamu'alaikum warahmatullahi wabarakatuh,

Answer :

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We commend you on your sensitivity to earn a halaal income.

Nabi (ﷺ) said:

طَلَبُ كَسْبِ الْحَلَالِ فَرِيضَةٌ بَعْدَ الْفَرِيضَةِ 

Translation: Earning of Halal income is an obligation beyond other obligations.

(Shuabul Imaan/Sunan Al-kubra, Baihaqi)

There are various types of forex dealings. The ruling of each one differs from the other.

For us to assist you better, kindly clarify the procedure of forex you enquire about.

You may send the details to admin@daruliftaa.net

And Allah Ta’āla Knows Best

Muhammad I.V Patel

Student Darul Iftaa
Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai.