Home » Hanafi Fiqh » Muftionline.co.za » Trading in on-line currencies

Trading in on-line currencies

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Is it permissible to trade currencies online. Funds are deposited into an account and the funds are then used to buy or sell currencies. Once the
currency fluctuates, you do the same.


A: We do not know how this operates.

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.

Read answers with similar topics: