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Is Online Forex Trading Halal?

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)

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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