trading

forex trading

Question: 

May I sincerely ask whether foreign exchange (Forex) trading is permissible or impermissible in Islam?

Since it is all about buying a specific currency when it has lost its value and selling it by the time it gains value due to the economy of that country doing so well for example with exports etc, then make profit therefrom. 


Answer: 

Trading on the stock exchange

Question: 

I wanted to know if the buying and selling of shares is permissible, but for that companies that primary source of income is the 'sale' of halaal good, eg petrol, phones, clothing.

Is the dividends earned on said shares halaal too?

If not, could I please have the reasoning behind the fatwa?

I know that the buying of selling of shares of banks, and financial institutions which main source of income is through futures and interest is not permissible.


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