AskImamDarul Iftaa Mahmudiyyah (AskImam)

Online Forex

Fatwa 38652English
Jurisprudence and Rulings (Fiqh)

Question

Aslam-u-Alyqum

There is one fatwa on your website which is confusing and lot of people are traped.

Please say clearly Online forex halal or haram.

Answer

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

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

The permissibility and impermissibility of Online Forex depends on the procedure. We do not issue blanket rulings. We issue rulings according to the scenario posed to us.

And Allah Ta’āla Knows Best

Huzaifah Deedat

Student Darul Iftaa
Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Huzaifah Deedat
Checked & approved by
Mufti Ebrahim Desai
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