Trading in on-line currencies

Answered according to Hanafi Fiqh by

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, 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.

Find more answers indexed from:
Read more answers with similar topics:
Ad by Muslim Ad Network
Related QA

Pin It on Pinterest