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['Aalim Network QR] Profits from Currency Trade


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|       In the Name of Allah, the Compassionate, the All-Merciful       |\
|  Greeting of Allah be upon Muhammad and the pure members of his House |\
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Salamun alaykum,
	
	The reply to the following question was kindly provided by Shaykh
Mustafa Jaffer.

Wasalaam,

Mustafa Rawji
Moderator, 'Aalim Network
------------------------------------------------------------------------

QUESTION:

Would it be acceptable for me to use the profits I gain from investments I
make in the currency market to fund masjids or Muslim organizations? For
example, the Malaysian ringgit fell to M$4.80 ringgit per dollar but
eventually rose to M$3.80 ringgit per US dollar. Would it be permissable
for me to have made my money by buying the ringgit at M$4.80 and then
re-selling it at M$3.80 ringgit? Keep in mind that I will use the profits
to help a local organization.

ANSWER:

This is allowed as long as there is no direct disadvantage to Muslims
living in Malaysia.

With Salaams and Duas

Mustafa




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