Posts

Is Margin Trading Permissible?

Shaykh Abdul-Rahim Reasat answers a question on the legality of margin trading. Can you please confirm if margin trading is permissible? This is where you predict if the market will go up or down by using leverage positions. Thank You. I pray you are well. Margin trading is not permissible for a number of reasons. […]

Forex Trading and Poker Games

I would like to know what the ruling on Forex trading is given the interest free account. E.g., trade ZAR for Dollars etc., by watching the markets and buying at the correct moment. I would also like to know what the ruling is on playing poker? How different is this from gambling and since poker […]

Is Forex Trading Permissible?

Answered by Shaykh Faraz A. Khan Question: I want to know about the forex trading is it permissible in islam? nowadays many houses offer interest free account so is it permissible to trade in currency pair like we buy euro for dollars and later on sell them and make profit Answer: Assalamu alaikum wa rahmatullah, […]