Online forex trading

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is online forex trading permissible? Many brokers offer Islaamic no interest accounts. I intend only trading in gold. Is this fine?

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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)

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