Ruling on dealing in currencies in the FOREX system and paying fees for delaying the deal Is it permissible to deal in currencies in the foreign exchange market (forex) over the Internet? What is your opinion regarding the issue of … Continue reading
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.
It is permissible to buy and sell foreign currencies. Dealing (purchasing and selling) in foreign currency is termed as Bay-us-Sarf. The Fuqahaa (jurists) have ruled that Tamaasul (equality) is not necessary in the buying and selling of foreign exchange. Hence, … Continue reading