Is foreign exhange trading haram (forbidden) in Islam?


Is forex trading haram? Forex trading is the trading in the foreign exchange, you trade by speculating if the price is going to go up or down to determine whether you buy a certain currency or sell it .


This type of trading seems to have no jurisprudential problem, if the exchange is in different currency. For example, you give Australian dollars for American dollars.

Answered by: Dr Ali Alsamail
Certified by: Sheikh Mansour Leghaei