Miscellaneous topics- Fatawa- Miscellaneous- Current Issues- Fatwa (2): Is Forex currency trade halal?

2012-01-15

Question:

 Dear Dr. Nabulsi
 I want to know your opinion about the currency trading (Forex), is it Halal or Haram to trade in Forex
 Some companies offer Islamic account, if it's Haram why?
 Thank you

Answer

 Dear brother,

 Currency trade is haram (forbidden) in Islam. The only accepted dealing in Islam is to buy real goods, pay for them and receive them.

 Best regards