The Majlis Archive
Finance - Banking - Business The Majlis Vol 25 No 03, p.4

Is foreign currency trading and trading shares on platforms permissible.

Question

Is foreign currency trading and trading shares on platforms permissible. You get platforms that also advise you when to buy and sell currency to turn a profit. Trading is speculative as you can make or lose money. Is it permissible?

Answer

This type of trading is not permissible. Shares are haraam.

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The Majlis Vol 25 No 03
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4

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