Fatwa #310428 May 2001South Africa

Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?

Answer

We are busy researching forex and are having discussions with their
administration on the matter.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

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