Dr. Monzer Kahf, a prominent economist and counselor states: Trading currency on the internet must fulfil two conditions to be permissible: 1) there must be full payment of both currencies, this rules out any margin trading; and 2) payment must be done at the time of trading not delayed for three days or not future. Payment means credit and debit into accounts of both currencies.”
Islam’s Stance on FOREX Trading
Did you like this content?
Recommended
Things to Do During the Last Third of Ramadan
Significance of I`tikaf
Does masturbation break the Fast?
Sexual Intercourse During Ramadan
Kissing One’s Spouse while Fasting
Was Tarawih Prayer Started by Umar?
Does Madhi Break the Fast?
Wet dream during the day in Ramadan
Reading from a book while praying
Shortening and Combining Prayers
Top Reading