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
Making up for Missed Fasting Days in Shawwal
Advice to Overcome Porn Addiction
Making Up for the Missed Fast Days Before the Next Ramadan
Fasting on Friday if it falls within the Six Days of Shawwal
Is Masturbation Considered Zina?
Gold and Pure Silk Are Forbidden for Men: Why?
Making up for Years of Missed Prayer
Dayyuth: His Description and Testimony
Disobedient Wife, How to Deal with Her?
Falling in Love: Allowed in Islam?
Top Reading