OTP entered does not match. Please enter the correct OTP!
Full Name and Password are required.
Please provide a valid Email address.
Please enter a valid email address.
Enter valid first name and last name with at least one space.
Mail sent successfully!
A validation e-mail has been sent to your e-mail address. You will need to follow the instructions in that message in order to gain full access to the site.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 months ago
Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.
You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 months ago
Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.
You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 4 months ago
Physical possession is must in selling according to Shariah. Forex Spot and CFD trading do not have possession so it is not a proper selling and buying according to Shariah, but it looks like commitment to buy or sell based on studying the market. Such commitment is permissible despite it is not a sale transaction in Shariah, nor gambling but just commitment to buy or sell under certain conditions after studying the market's movement.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago
Yes it is permissible according to many Maraaji' of Taqleed and leading Ulamaa'.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago
Spot trading is allowed according to many leading Islamic scholars.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago
Gambling is definitely not allowed but not all dealings in forex and stocks are gambling. Trading is allowed and gambling is not allowed.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
If the difference of currency value is high, then you need to be just and not harm those who lent you by giving them less than what they gave you.
'We need to deal with others like what we expect them to deal with us.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
Yes it is allowed to buy and sell currencies online or trade in currency pairs.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
It is permissible to be a broker in any transaction or dealing online as far as it does not include any Haraam business.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 4 years ago
Leverage service means increasing the volume of your purchase more than your real cash invested. It is allowed as use this service as far as the business deals are lawful.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 5 years ago
If it is a real trading in lawful business and companies not dealing with Haraam, and does not involve any type of gambling, then it is allowed.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago
Buying and selling currencies is permissible as far as you do not harm the general public..
We use cookies to enhance your experience on our site. Essential cookies are necessary for the site to function. Analytics cookies help us understand how you use the site. Learn more
Cookie Preferences
Control how we use cookies on this site. Essential cookies cannot be disabled as they are required for the site to function.
Required
These cookies are necessary for the website to function and cannot be switched off.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site.