currency Archives - Page 2 of 30 - IslamQA

Darul Iftaa Mahmudiyyah – Zambia

Leverage in Forex Trading

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Question I wanted to ask if leverage is halal. Like when you are doing financial trading. I mean forex trading online through online brokers. Like where you use a 1:20 option. E.g. your $100 can be used to buy forex worth $2000 hoping you’ll earn that much ($2000) worth of money.  … read more »

Trading in Currencies

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Question Asslamulaikum if I want to buy dollar is it permissible that we fix rate and give kwacha later.   Answer In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Shariah has recognized the exchange of currencies: [1] (1) If two different… read more »


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Question: Assalaamu Alaikum Kindly advise on below transaction. I usually sell Malawian Kwacha in exchange of dollars payable after 3 months. So, for example A sells B K100 million at the exchange rate of $1=K1000, so B owes A $100,000. The Kwachas are given immediately. After 3 months, A asks for the $100,000… read more »

What is the definition of Mahr (dowry)?

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Question: What is the meaning of a mahr. Is it compulsory to be given. Is a nikaah possible without a given mahr or how long should the nikaah prolong without the proposed mahr. what should be the value of mahr..must the female be pleased with the mahr n can she request accordingly?  جزاك الله خيرا… read more »