{"id":30,"date":"2010-01-26T13:35:18","date_gmt":"2010-01-26T13:35:18","guid":{"rendered":"http:\/\/localhost\/wp3\/?p=30"},"modified":"2010-01-26T13:35:18","modified_gmt":"2010-01-26T13:35:18","slug":"forex-currency-trading","status":"publish","type":"post","link":"http:\/\/sunnionline.us\/english\/2010\/01\/26\/30\/","title":{"rendered":"Forex Currency Trading"},"content":{"rendered":"<div style=\"text-align: justify;\">Q.) Is Forex Currency Trading halal? I have attached a document detailing the aspects of the business.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" alt=\"currency\" src=\"images\/stories\/fatwas\/currency.jpg\" width=\"283\" height=\"269\" \/><\/div>\n<p>  <!--more-->  <\/p>\n<div style=\"text-align: justify;\">A.) I went throught the papers sent by you. I am of the opinion that these transactions are not compliant with Shariah. The very condition that you cannot take delivery of the purchased currency makes it impermissible. Morever, there are other elements according to my knowledge that makes this trade unlawful in Shariah, such as, forward sales, short sales etc. This is in addition to the fact that the currencies are originally a medium of exchange and should only be exchanged for personal use in different countries. To make them a tradable commodity only for earning a profit is also against the basic philosophy of Islamic economics. I would therefore not advise you to indulge in this trade.<\/p>\n<p>By Mufti Muhammad Taqi Usmani<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Q.) Is Forex Currency Trading halal? I have attached a document detailing the aspects of the business.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-c92-the-fatwas"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex Currency Trading - SunniOnline<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/sunnionline.us\/english\/2010\/01\/26\/30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex Currency Trading - SunniOnline\" \/>\n<meta property=\"og:description\" content=\"Q.) Is Forex Currency Trading halal? 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