Trading rulings

Is forex trading halal?

Answered by the ShariaQuant team

Exchanging one currency for another is permissible when both sides settle on the spot, which is why the bureau de change at the airport is fine. Retail forex is a different product, built on leverage, overnight financing and contracts that never deliver the currency. That version fails.

Swap-free is not halal

This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.

More on trading rulings

Is futures trading halal?Is margin trading halal?Is using leverage halal?Is day trading halal?

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