Forex (Currency)Trading is it allowed in Islam?


Asalam Alaikum,
I was wondering if anyone could tell me if it is permissible to trade (buy/sell) shares (stock, commodity, currency). I am interested in Foreign exchange market (currency trade). I would like to know, is trading on the Forex market halal or haram? Meaning whether or not it is allowed by the religion. Thank You in advance.


wa `alaykum salam,

It’s Halal.

Imam Senad Agic, Ph.D.
Head Imam (IABNA)
The Islamic Association of Bosniaks in North America

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