Q: Is online forex trading permissible? Many brokers offer Islaamic no interest accounts. I intend only trading in gold. Is this fine?
A: If you refer to purchasing gold online in exchange of money, it is permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)