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Can one deal in forex trading?

Answered according to Hanafi Fiqh by CouncilofUlama.co.za

Q: Can one deal in forex trading?


A:Forex trading is not permissible because physical possession is not found. Therefore all profits generated through forex trading is equal to interest.

This answer was collected from CouncilofUlama.co.za, which is operated under the supervision of Council of Ulama Eastern Cape, South Africa.

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