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
Defending Jerusalem: A Sacred Duty for Muslims Worldwide
Introducing the Prophet to Non-Muslims on His Birthday
Tips to Benefit from Our Reading of the Qur’an
The Tragedy of Al-Aqsa Mosque: Its Significance and Muslims’ Duty to Protect It
How to Introduce Islam to Non-Muslims
How to Read the Qur’an?
Divorce of the angry person who gives all three divorce at once
Facts about the Second Coming of Jesus
Du`aa’ While Performing Tawaf
The Difference between Rukn and Fard
Top Reading