MON To FRI 11:00AM - 06:00PM
FAQs
Subject
-
Trading
-
Currency Trading
Currency Trading
Date: 16 SEP 2022
Answered By: Management
Question
Is Currency Trading allowed in Shariah?
Answer
Trading in currency is permissible, but the transaction should be on spot. The exchange rate should be fixed and known. Currency transactions shall not be carried out on the forward or future market. It is prohibited to enter into forward currency contracts.
Allah Knows Best....