Published 6 years ago
Last updated 6 years ago
Q: I do forex trade in Islamic account which is swap free and I don't take any leverage. For example if I deposit 10000 rupees in my account I will buy dollars from these rupees and will sell them when the price of the dollar increases. Is this profit permissible for me?
A: If you do not get possession of the dollars then such a deal is impermissible.
And Allah Ta'ala (الله تعالى) knows best.
Answered by: