Question:
Salamua alaikum,
May I ask whether if I am to do trading, Example currency trading, Example, I trade with $100, Then build up my income by maximising profits and thus money grows. Yes, there is profit and loss but is this way of money that is earned acceptable? Be it currency trading, Stock, Commodoties. Is the source of income halal or haram? Please advise.
Answer:
wa `alaykum salam,
It is permissible to do currency trading if it is done hand to hand and the transaction is free of riba.
Imam Senad Agic
American Islamic Center – Chicago
Majlis #1 Head Imam (IABNA)
www.aicchicago.com
www.imamsenadagic.com
www.iabna.org
