Permissibility Of Forex Trading
برائے مہربانی اس کا جواب دے کر مشکور فرمائیں، جزاک اللہ خیرا
Forex trading done in the normal course of business is not objectionable, but if hoarding of currency ( or any other immoral means ) is done to influence exchange rates irrespective of the consequences to the economy or other individuals, then this is definitely an immoral way to make gains and should be avoided by an individual Muslim. Usually states have strict regulations in place to counter this kind of currency hoarding. As long as there is no element of deceit/fraud/usurpation of other’s wealth, there cannot be any objection on Forex trading done in the normal course of business.