Forex and Islam | Forum

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Steve
Steve Oct 25

I was wondering how Muslim countries treat Forex trading. After all, it is an unusual type of stock trading. Is it prohibited or, on the contrary, allowed?


Teo Lordes
Teo Lordes Oct 25

Why should it be banned? Perhaps it is indeed banned in some countries. For example, I wouldn't be surprised if it is in Iran. But in others I think it is not forbidden.


Olivander
Olivander Oct 25

Generally, forex trading is not forbidden by Islam, but there are certain conditions that must be met. These mainly relate to your attitude towards the business. Forex trading should be seen as a serious activity, a job, not a way to win a lottery.  You can read more about forex trading in Pakistan here: https://coinmarketcap.com/...3d459960d601f2cc844/


The Forum post is edited by Olivander Oct 25