Online forex trading

Answered according to Hanafi Fiqh by

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)