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Is Forex Trading Halal or Haram?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: What about forex trading, is it halaal or haram? Swap free accounts are offered by many forex brokers which they call Islamic forex trading accounts?

Bismillaah

A: It is not permissible.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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