Fatwa #348142 March 2016United Arab Emirates
Online Commodity Trading
Question
I was doing online trading of commodities and then i came to know that this trading is not as per sharia. But i have lost around 20k and if i do it again i may get my money back, Is it permissable to do that online trading again till i get only my money back?once i get money back i never do that again. Please answer.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu
Online commodity trading is impermissible. It is also impermissible to recover any funds lost via such trading. Make Tawbah and repentance for committing such a sin and make a firm intention to refrain from impermissible business and trading activities.
And Allah Ta’āla Knows Best
Ismail Desai,
Darul Iftaa
Checked and Approved,
Mufti Ebrahim Desai.