Trading 212/Forex

Trading 212/Forex

Question:

Aslamunalkum aghe how are?? Please explain I started trading 212 online and make little profit for my bills and whatever I’m buying online I’m not sure it’s haram or halal ? And someone is say forex trading is halal what’s the deference between them.. both is online trading buy and sell.. please explain jazakala..

regards arya

Answer:

In the name of Allah, Most Compassionate, Most Merciful,

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In order for us to advise, please clarify the following:

1)  Trading 212 is an application that enables one to trade and invest in stocks, currency exchange, commodities and more. Which trading will you be involved in? Please clarify.

2) The permissibility of dealing in forex depends on the actual forex procedure. If the procedure is not Shariah compliant, it will be prohibited. Kindly send us the details of the forex you intend to invest in so that we may advise accordingly.

You may forward your email to admin@daruliftaa.net Ref: Hammad Jogiat

And Allah Ta’āla Knows Best

Hammad Ibn Ismail Jogiat

Student - Darul Iftaa

Cambridge, Ontario, Canada

Checked and Approved by,

Mufti Ebrahim Desai.

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