Trading in forex, oil and gold

Answered according to Hanafi Fiqh by

Q: Is trading in forex or oil and gold via online brokers allowed, i.e. can you buy or sell a currency when it goes up or down against another currency?


A: If the shar`ee requirements are followed then it is permissible.

And Allah Ta’ala (الله تعالى) knows best.


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)